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Wall Street’s Old Guard Plots Stablecoin Coup—Because Nothing Says ’Innovation’ Like a Banker Consortium
Wall Street’s Old Guard Plots Stablecoin Coup—Because Nothing Says ’Innovation’ Like a Banker Consortium
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America’s banking titans are circling the $245B stablecoin arena—not to innovate, but to protect their turf. The WSJ reports backroom talks about a coordinated push into crypto’s most boring (and profitable) corner.
Why now? Because stablecoins threaten to bypass legacy rails—and banks hate being bypassed. Expect ’regulation-first’ rhetoric masking a land grab.
Bonus cynicism: Watch them pitch this as ’consumer protection’ while fighting real DeFi tooth-and-nail.
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