The impact of stablecoins on banks' balance sheets in the EU
Stablecoins, a type of digital currency typically anchored to fiat money (i.e. £, $ €), are emerging as a disruptive force within the financial sector. Given that cross-border payments are projected to reach $182 trillion p.a., financial institutions are looking for ways to effect such transactions faster and cheaper. Three of Japan’s biggest banks have…
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