@bankless
Stablecoins have cemented themselves as a global killer use case for crypto.
Initially a crypto experiment, stablecoins have become a major financial innovation, now attracting banks due to regulatory clarity and the GENIUS Act.
~~ Analysis by @jackinabinet ~~
Today, we're tracing the evolution of stablecoins and unpacking the escalating power struggle over onchain dollars.👇
https://www.bankless.com/read/the-stablecoin-power-struggle
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