As reported by TheCCPress, Coinbase CEO Brian Armstrong has warned banks that failing to adopt stablecoins risks obsolescence. Armstrong emphasized the growing importance of stablecoins in the global financial system, urging financial institutions to align with this trend to remain competitive. He highlighted that stablecoin adoption could shift financial dynamics, influence bank partnerships, and enhance cross-border payment efficiency. The CEO also noted that regulatory developments, such as the 2025 GENIUS Act, are likely to further drive this transition.
Coinbase CEO Warns Banks to Adopt Stablecoins to Avoid Irrelevance
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