The $300 billion backdoor threat that Europe didn’t see coming
The $300 billion backdoor threat that Europe didn’t see coming
The article highlights the significant growth of stablecoins, noting their market capitalization has surpassed $303 billion, a 75% increase year-over-year. Tether is identified as a dominant player, holding approximately 56% of this market. The piece frames the rise of stablecoins as a potential 'backdoor threat' that European regulators or financial systems may not have adequately prepared for.
Stablecoins originated as crypto plumbing, tokens pegged to fiat currencies that enable traders to move in and out of volatile assets without relying on traditional banking systems. That narrow use case now sits on a market capitalization of more than $303 billion, up roughly 75% year-over-year, with Tether commanding about 56% of the market and […]