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🇺🇸 Charles Schwab Launches Stablecoin — Wall Street Enters Crypto With $7 Trillion
Financial giant Charles Schwab, managing over $7 trillion in assets, has confirmed the launch of its own USD-backed stablecoin.
CEO’s statement: “Stablecoins will be key to blockchain transactions — and we want to deliver that to our clients.”
📌 Context: — Schwab is also preparing spot ETFs for BTC and ETH
— Major players like JPMorgan and Citi are entering the space
— The move comes just days after the GENIUS Act was signed, providing a regulatory framework for stablecoins in the U.S.
📊 Standard Chartered projects the stablecoin market will grow to $750 billion by 2030.
The world’s biggest financial institutions are no longer on the sidelines — they’re building the foundation of institutional DeFi banking.