As Tether says it is on track for a record $10B net profit in 2024, banks around the world are exploring launching their own stablecoins for payments (Bloomberg)

Bloomberg:
As Tether says it is on track for a record $10B net profit in 2024, banks around the world are exploring launching their own stablecoins for payments  —  – Banks are starting to issue stablecoins for payments, payroll  — SocGen, Standard Chartered are among banks expanding efforts