U.S. banks are starting to feel pressure from the cryptocurrency world as the recently approved GENIUS Act opens the door for stablecoins to enter finance. Bank executives fear this could trigger a wave of substitution that would make them obsolete. Banks Fear Substitution by Stablecoins After GENIUS Act Now that stablecoins have become regulated via […]
Source: https://news.bitcoin.com/banks-under-pressure-from-the-crypto-world-fear-replacement-by-stablecoins/