Are stablecoins crypto's AWS moment?
In a recent panel discussion, Halliday CEO Griffin Dunaif highlighted the significant interest in stablecoins and their potential to revolutionize the financial infrastructure, comparing it to the transformative impact of Amazon Web Services (AWS) on technology. Dunaif noted that while margins might be smaller for stablecoins, the services built around them present abundant opportunities. EY’s global blockchain leader shared that shifting all of EY's payments to crypto could yield an annual savings of $100 million, a number that signifies the financial potential of integrating crypto into existing systems. This sentiment reflects a broader recognition that blockchain technology could make traditional finance systems resemble more data-centric structures, paving the way for advancements and innovations in financial services.
Source 🔗