Banks and Crypto Firms Converge on Payments and Tokenized Markets
Stablecoins and tokenized assets are bringing banks, exchanges and crypto businesses into closer competition across payments and investment markets.
Banks, exchanges and crypto companies are increasingly competing in overlapping markets as stablecoins and tokenized assets blur the boundaries between traditional finance and digital assets.
Payments are one area of convergence, with stablecoins placing crypto businesses in a market long served by banks and other financial institutions.
The overlap also extends to stocks and exchange-traded funds. Tokenized assets are broadening the competitive landscape, bringing established financial firms and crypto companies onto common ground.
Source: Cointelegraph
