《Head of Ecosystem at Ethereum Foundation: Stablecoins are not necessarily the enemy of banks, they can be a cash cow》 (Author: James, Translated by Chopper) Traveler's checks can be accepted globally at face value, not because the paper itself is special, but because American Express, Visa, and Thomas Cook built a clearing network that ensures merchants in any country can exchange the checks for cash at face value. Stablecoins are now in a very similar situation. They can be transferred across borders on public chains within seconds, but there’s no universal mechanism that allows you to redeem them at face value through regulated financial institutions. If yields are permitted, the stablecoin market will experience explosive growth, directly competing with deposits, money market funds, and treasury bonds for idle funds. Read the full article: https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=47&id=58113