Kraken parent Payward to buy Saldo Bank

The author argues that as traditional banks introduce tokenized deposits and shared payment networks, stablecoins face a major competitive threat. While stablecoins currently maintain advantages in cross-network connectivity and self-custody, banks are closing the technology gap and offer advantages such as interest payments and deposit insurance. Consequently, the author suggests that digital money is likely to be absorbed into the regulated banking system, leaving stablecoins with a narrower, more specialized role. Open article →