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Legacy Banks Scramble for Stablecoin Lifeline as Crypto Eats Their Lunch

Legacy Banks Scramble for Stablecoin Lifeline as Crypto Eats Their Lunch

Author:
CoindeskEN
Published:
2025-05-14 21:59:23
8
2

Banks Exploring Stablecoin Amid Fears of Losing Market Share, BitGo Executive Says

Wall Street’s old guard is finally waking up to the stablecoin revolution—but only after realizing their 0.01% savings accounts can’t compete with instant, borderless digital dollars.

BitGo exec spills the beans: ’They’re terrified of becoming irrelevant’

While JPMorgan frets over ’market share erosion,’ DeFi protocols quietly process another $5B in transactions. Maybe those blockchain ’toys’ deserve a second look?

|Square

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