Stablecoins: Friend or Foe to Community Banks?

Are stablecoins a threat or an opportunity for community banks? A top US regulator says opportunity, urging them to embrace digital assets to compete with Wall Street giants. Amidst concerns about a trillion-dollar shift from traditional banks and calls for stricter stablecoin regulations, the message is clear: innovate or be left behind in the rapidly evolving financial landscape.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.