A major movement takes place.
The law on engineering obtaining majority support in the Senate, some of the largest American banks are preparing to dive head first in the blockchain. The Wall Street Journal reports that Jpmorgan Chase, Wells Fargo, Bank of America and Citigroup are now at the start of talks to launch a mixed stablecoin.
Add a pro-Crypto White House under President Trump to the mixture, and the timing could not be more aligned. The $ 243 billion market for Stablescoin can soon face its greatest disturbance to date.
Banking giants unite for the glory of cryptography
The project also involves the main payment players such as Zelle and the real -time payment network of the compensation house. Although the discussions are still in the early stages, the objective is clear: developing a completely regulated stablecoin and supported by banks that could compete with existing leaders like Tether and Circle.
The USDT of Tether is currently dominating space with a market share of $ 152 billion. But if this stablecoin led by banks is put online, it could shake the market with the type of confidence and regulatory compliance that only traditional finance can offer.
Confidence and liquidity could redefine DEFI
Crypto users are already aware of it. An X user pointed out that a stablecoin supported by large American banks could instantly gain confidence and liquidity, pushing small players in the decentralized financial space.
Although this can bring stability and a general public attractiveness, it is also likely to centralize a space originally built to be open and decentralized.
Hoskinson says: “I told you”
Well, the founder of Cardano, Charles Hoskinson, was not surprised. He quoted “as planned” on X.
Hoskinson has long argued that the institutions would eventually adopt the blockchain, and the latter decision only strengthens its case. His post triggered a wave of reactions from crypto lovers, especially since the reports have surfaced that Meta also explores stablecoins for payments.
The regulation opens the way to the institutional crypto
The moment of this development is not a coincidence. The recently advanced engineering law offers a clear regulatory framework for Stablecoins, creating the right environment for traditional finance to intervene.
With President Trump’s support position on the crypto, the adoption of stablescoin could accelerate quickly. American banks now seek to combine the confidence they have built over the decades with the speed and transparency of the blockchain, hoping to carve out a serious presence in the world of digital active ingredients.
Will this arouse a revolution or a lawn of lawn? The world of cryptography is looking.
