Stablecoins not a threat to banks in the near-term: Moody's analyst
Burns Brief
A prohibition on yield-bearing stablecoins and robust payments infrastructure in the US means stablecoins will not eat into banks' market share The news has rattled market participants, with bears looking to push prices lower while bulls attempt to defend key support levels. Watch $NEAR for reaction — a decisive move above or below key levels will confirm the next trend.
A prohibition on yield-bearing stablecoins and robust payments infrastructure in the US means stablecoins will not eat into banks' market share.
Key Takeaways
- A prohibition on yield-bearing stablecoins and robust payments infrastructure in the US means stablecoins will not eat into banks' market share