Stablecoins’ Tenuous Relationships With Banks

Stablecoins’ Tenuous Relationships With Banks
As regulators increase their attention on stablecoins, the stage is set for traditional banks to become all the more central to stablecoins’ adoption.Stablecoins have thus far served as an elegant solution for the cryptosphere. They provide a checking account-like asset enabling traders to get in and out of positions without having to go off chain. Bank deposits don’t live on a blockchain – for now – and are thus an ineffective payment medium for this purpose.This article is part of Future of Money Week, a series exploring the varied (and sometimes weird) ways value will move in the future.Yet, no…