PayPal Crypto Chief: Banks Hold the Key to Stablecoin Mass Adoption
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Traditional finance gatekeepers just got a backhanded compliment from the crypto world.
PayPal’s digital asset lead dropped a truth bomb this week: stablecoins won’t hit escape velocity without banking partners. The irony? Crypto was supposed to make these middlemen obsolete.
Banks still control the rails for dollar settlements—and apparently even fintech giants can’t bypass the old system entirely. Maybe those ’disruptors’ should’ve read the fine print before declaring revolution.
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