The millionaire business of USDT inspires banks, which do not want to be left out

U.S. banks would join the trend of issuing stablecoins.

Regulatory changes are needed in the U.S. for banks to participate.

I don't know if it will happen soon, but it will happen, says the director of SG-Forge.

Traditional banks are considering entering the stablecoin business, inspired by the example of Tether Limited and its stablecoin USDT.

According to representatives of traditional financial institutions like SG-Forge, entities want to participate in this market. Jean-Marc Stenger, CEO of SG-Forge, believes that other banks will issue their own stablecoins in the near future.

“It's hard work, I'm not sure it will happen soon, but it will happen,” he said, according to Bloomberg.

According to that agency, U.S. banks are expected to join the trend, but once legislation is enacted that could pave the way for them to issue stablecoins.