The world of cryptocurrencies has seen no shortage of upheaval, but regulatory clarity that has arrived with recent legislation is expected to lead to greater adoption of stablecoins. Some market participants and banks are worried the growth could lead to deposit cannibalization.
In the episode, S&P Global Market Intelligence fintech analysts Jordan McKee and Sampath Sharma, and FIG Research Head Nathan Stovall talked about stablecoins, changes in regulation that could spur greater adoption, the potential threat to bank deposits, how traditional financial institutions are responding, and the challenges to further stablecoin growth.