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Schwab CEO Reveals Bold Stablecoin Plans as Crypto Push Accelerates
Schwab CEO Reveals Bold Stablecoin Plans as Crypto Push Accelerates
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Wall Street's quiet giant just fired a crypto warning shot.
Schwab—the $8 trillion asset manager that built its empire on boring index funds—is plotting a stablecoin play. Because nothing screams 'trust' like a brokerage known for 401(k)s suddenly minting digital dollars.
The move signals an institutional endgame: When traditional finance starts building on-chain rails, the crypto natives' days as rebels may be numbered. Schwab's CEO didn't specify timing or partners, but the message is clear—they're coming for DeFi's lunch.
Bonus jab: Nothing bridges the gap between 'fractional reserve banking' and 'algorithmic stablecoins' quite like a firm that survived the 2008 meltdown. Progress?
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