Reported 1 day ago
Stablecoins have grown to hold over $210 billion, showcasing a significant rise in deposits, yet banks and brokerages remain the dominant financial forces, holding trillions in assets. While stablecoins provide a fast and cost-effective payment method, their transaction volume is still low, accounting for less than 1% of global money flows. The potential for stablecoins to disrupt traditional banking systems exists, particularly with advancing regulations, but for now, they represent just a small fraction of the funds held by traditional financial institutions.
Source: YAHOO