Guillaume Kendall of @Paxos says crypto was built to disintermediate banks, but the banks will be the ones who make stablecoins happen. "A lot of people are excited about moving dollars outside the system, disintermediating banks. That's what crypto was launched on. We don't think that's going to happen." "If anything, the banks are going to be the ones that make it happen. And they'll be the first to tell you they don't have the right skill set internally to build and support a stablecoin, so they'll work with those who are regulated and experienced." "You've seen a lot of stablecoins launch in the last 18 months. The amount that make it over a billion is very, very low."
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