Potential Effects of the Latest Stablecoin Bill on Banks and Tether
Wednesday, 24 April 2024, 16:22
Analysis by S&P Global: Impact of Stablecoin Bill
The latest stablecoin bill, if passed, could embolden banks to step into the stablecoin market, according to S&P Global Ratings. This move has the potential to alter the competitive landscape and challenge existing players like Tether.
Key Points:
- Banks may consider issuing their own stablecoins
- Tether's market dominance may face challenges
- Regulatory changes could shape the future of stablecoin market
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.