🚀 Traditional banks are diving into the stablecoin arena, aiming to shake up Tether's reign! With Tether halting its EURt stablecoin due to compliance hurdles, financial giants like Societe Generale and Standard Chartered are seizing the moment.

💶 Societe Generale-Forge has already launched its Euro CoinVertible, while others like Revolut are exploring similar ventures. The new MiCA regulations in Europe are paving the way for banks to issue stablecoins more easily, creating a competitive buzz.

Globally, players like Visa are also joining the fray, highlighting the lucrative potential of stablecoins despite regulatory challenges. Exciting times ahead!