If Banks Start Issuing Stablecoins, What Makes Crypto Different From Traditional Finance?
Banks entering the stablecoin market could make digital payments more familiar and potentially increase adoption. However, it also raises a bigger question: if the most widely used digital currencies are issued and controlled by regulated financial institutions, how much of crypto’s original promise of financial independence remains? I do not think bank-issued stablecoins are necessarily bad, but their growth could make the industry more centralised than many early crypto supporters imagined. Is mainstream adoption worth it if crypto becomes increasingly dependent on traditional financial institutions?
