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Banks come for Tether

[Our daily CEO briefing for PRO readers]

Marc Baumann's avatar
Marc Baumann
Oct 10, 2025
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Hey, it’s Marc.

Today, ten of the world’s biggest banks—Bank of America, Goldman Sachs, Citi, UBS, Deutsche Bank, and five others—fired back. They’re launching a G7-backed stablecoin network. The monopoly is under siege.

For five decades, banks owned the pipes. Every wire, every SWIFT message, every settlement ran through their infrastructure.

Then stabl…

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