Stablecoins not a threat to banks in near term: Moody's analyst

Stablecoins not a threat to banks in near term: Moody's analyst

1.71%TRX$0.3299 1.12%BCH$441.69 0.49%DOGE$0.09461 0.96%XLM$0.1691 0.94%ETH$2,309 0.03%BNB$627.07 1.13%SOL$85.09 0.67%HYPE$41.01 4.51%XMR$352.80 0.50%XRP$1.41 0.14%ADA$0.2475 1.02%BTC$75,100 0.17%USD Written by Vince Quill,Staff WriterReviewed by Robert Lakin,Staff EditorStablecoins not a threat to banks in near term: Moody's analyst12 hours agoA prohibition on yield-bearing stablecoins and robust payments infrastructure in the US means stablecoins will not eat into banks' market share. The impact of stablecoins on the banking sector appears “limited” at the current phase of the adoption cycle, but banks could face increasing competition and an erosion of market share as the stablecoin sector and tokenized real-world assets (RWAs) grow in market capitalization. “So far, the use of stablecoins remains limited, but their market capitalization exceeded $300 billion at the end of last year,”

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