Stablecoins: What They Are and How They Affect the Banking Industry
Stablecoins have rapidly emerged from the periphery of cryptocurrency markets into a central topic in financial and regulatory conversations. These blockchain-based digital tokens are designed to maintain a stable value, typically pegged 1:1 to the U.S. dollar, and enable fast, low-cost transactions 24/7. While they promise to modernize payments and expand financial access, stablecoins also pose new challenges to the banking industry and policymakers.
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