Wall Street sees stablecoins as a trillion-dollar shortcut to kill banks and dominate payments

Circle’s stock has soared over 600% since its NYSE IPO, reflecting strong investor confidence in stablecoins. Major companies like Fiserv are launching stablecoins linked with established payment networks, indicating a shift away from traditional banking systems.

Experts predict that the stablecoin market, currently valued at $400 billion, could expand into the trillions. This growth will require banks to adapt and integrate stablecoin technology into their operations, positioning themselves in a rapidly evolving financial landscape.