Traditional finance is moving fast into stablecoins, an area long led by Tether and Circle. The blurb points to Goldman Sachs and Citi's "Project Faro," a reported 270 million dollar effort, alongside moves from SoFi, Anchorage, Mastercard, Visa and Circle itself. The push suggests banks and payment giants want a larger share of onchain dollar infrastructure.

Could more legacy institutions turning to dollar tokens reshape who controls the rails of crypto payments?

Source: https://decrypt.co/383284/how-wall-street-racing-onchain-dollar-stablecoins

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