POPA ReconBanks spent years fighting stablecoins. Now they're issuing them, but not the way you'd think
Banks spent years fighting stablecoins. Now they're issuing them, but not the way you'd think Europe builds real euro coins (Revolut, Qivalis, SocGen) as MiCA pushes USDT out. The US giants dodge stablecoins entirely and build tokenized deposits, same money on-chain, locked inside the bank. From enemy to issuer, and a quiet fight over who owns settlement.
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