Global #stablecoin market

The article discusses a central question in the stablecoin market: can new projects compete with the dominance of established players like Tether (USDT) and Circle (USDC)?

The stablecoin market is experiencing rapid growth, but new regulations and rising competitors are putting pressure on the largest player, Tether (USDT).

Bank of America CEO Brian Moynihan has confirmed the bank's interest in entering the stablecoin market, but only once the U.S. establishes clear regulations.

South Korean digital bank KakaoBank is "actively considering" entering the country's stablecoin market, according to CFO Kwon Tae-hoon.

Bank of America (BofA) is officially preparing its entry into the stablecoin market, marking a significant strategic shift as major U.S. financial institutions increasingly embrace digital assets.

Tether, the issuer of the world's largest stablecoin USDT, has announced the launch of USDT0, a significant milestone in its mission to revolutionize global finance.