The Governor of the Bank of Israel, Amir Yaron, stated that stablecoins can no longer be regarded as fringe assets, with a monthly volume exceeding $2 trillion and a total market capitalization of over $300 billion, comparable to the balance sheet of a "medium-sized global commercial bank."
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The Governor of the Bank of Israel, Amir Yaron, stated that stablecoins can no longer be regarded as fringe assets, with a monthly volume exceeding $2 trillion and a total market capitalization of over $300 billion, comparable to the balance sheet of a "medium-sized global commercial bank."