Stablecoins Enter Banking Mainstream as Traditional Finance Challenges Crypto-Native Dominance

TLDR: GENIUS Act passage in 2025 enabled traditional banks to legally issue stablecoins under regulatory compliance.  Tether and Circle control 85% of the $258 billion stablecoin market with their fiat-backed dollar models.  JPMorgan Chase launched JPMD on Ethereum’s Base while Fidelity debuted FIDD with $60 million market cap.  Crypto-native stablecoin issuers face crowding-out risks as [...]

The post Stablecoins Enter Banking Mainstream as Traditional Finance Challenges Crypto-Native Dominance appeared first on Blockonomi.