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Feb 12
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LONG
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Richard Teng
Co-CEO, Binance
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"Corporates are much more willing... moving from traditional fiat channel to stablecoins... if you use fiat channel for crossborder correspondence takes two to three days very expensive... crypto stable coins it's instantaneous at a fraction of the cost." The "killer app" for crypto isn't just speculation; it's corporate treasury management. As corporations replace SWIFT with stablecoins to increase capital velocity, the market cap of stablecoin issuers and the protocols they run on will expand. This is a direct siphon of volume away from traditional banking correspondence networks. LONG. Strict US stablecoin legislation (e.g., Clarity Act) that favors only specific issuers or bans algorithmic variants. |
CoinDesk
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