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Alibaba Pivots to Bank-Backed Deposit Tokens / Shutterstock.com
Will Stablecoins Kill Banks? How the Financial Revolution Tests Regulatory Limits
Alexey Bondarev
Alexey BondarevOct 17, 2025
Stablecoins have surged to more than $300 billion in circulation and now process more annual transactions than Visa and Mastercard combined, mounting an unprecedented challenge to the traditional banking system. These digital tokens pegged to the dollar enable instant, round-the-clock money transfer

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