Big banks are poised to enter and potentially dominate the stablecoin market, overshadowing current leaders like Tether, according to former BitMEX co-founder Arthur Hayes. In a recent interview with Unchained’s Laura Shin, Hayes said that centralized stablecoins have found a lucrative niche due to the reluctance of traditional banks to engage in similar activities. However, […]
The post Arthur Hayes believes big banks will make stablecoin issuers like Tether obsolete appeared first on CryptoSlate.
Originally appeared here:
Arthur Hayes believes big banks will make stablecoin issuers like Tether obsolete