S&P Global: If the stablecoin bill passes, it will give banks a competitive advantage
Global rating agency Standard Poor's has stated that if the latest stablecoin bill proposed by the US Senate is passed, it may encourage banks to enter the stablecoin market. If banks enter the market, Tether may decline. Standard Poor's also stated that if the new legislation is passed, it will limit the maximum issuance amount for entities without a banking license to $10 billion, giving banks a competitive advantage.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Almost 90% ot Airdrop Tokens Crash Within Three Months
Announcement on Resumption of FTM Network Deposit and Withdrawal Services
We are pleased to announce that FTM network deposit and withdrawal services are available again on our platform. We apologize for any inconvenience caused during the suspension period! Join Bitget, the World's Leading Crypto Exchange and Web 3 Company Sign up on Bitget now >>> Follow us on Twitter
$10 – $20 RIO ATH Price Possibility Comes Into Play as Bullish Inverted Head and Shoulders Pattern Forms
$66,000 BTC Price Nears as Bulls Take Full Control, Bitcoin Races Towards Next $68,000 Crucial Resistance Level