Stablecoin Popularity Driven by US Banking Limitations

Jerald David, president of Arca Labs, highlights the role of US banking limitations in driving the rise of stablecoins. According to David, restrictions on traditional banking hours and the lack of non-USD trading pairs contribute to the popularity of these crypto assets. He points out that the 24/7 nature of the cryptocurrency industry creates a need for constant transactions that cannot be easily facilitated by traditional financial systems.