Wall Street banks start ‘stablecoin war’
Ever since the US Senate passed the so-called “Genius Act” last year, the growth in usage of stablecoins (issued by Circle and Tether) has been unstoppable. Wall Street banks are fearful of this phenomenon. They’ve responded by filing lawsuits. The Financial Times calls it the “stablecoin war” and is already wondering who will emerge victorious. Bank account […]