Stablecoins Reshape Banking Landscape: Will Traditional Finance Survive the Shift?

The stablecoin sector is booming, prompting a critical question for traditional banks: How will they adapt to this new reality? As interest-bearing stablecoins become increasingly popular, industry leaders believe competitive yields on deposits are vital for survival. This shift raises concerns for regulatory bodies who fear yield-sharing with stablecoins could disrupt the established banking system. 💰 🏦 But what does the future hold? Some see a world where all currency is digital, anchored to fiat currencies and managed through blockchain technology, potentially transforming finance as we know it.