Paxos Warns Banks Are Wrong About Stablecoins After GENIUS Act

Paxos, the regulated blockchain and tokenization platform, posted a direct message to banks today. The old stablecoin playbook no longer applies. In a post shared on X, Paxos called out four common banking industry beliefs about stablecoins and explained why each one is now outdated. The trigger is the GENIUS Act, signed into law by … source: https://coinpedia.org/news/paxos-warns-banks-are-wrong-about-stablecoins-after-genius-act/