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Visa unveiled a Stablecoin Platform for banks and fintechs to issue, hold, and transfer stablecoins like OpenUSD, USDC, and USDG within its network.
Bennett argues the digital euro is too late and will become a surveillance tool. He notes Revolut is phasing out Tether in the EU, potentially clearing the way for Circle's USDC to become the dominant stablecoin.
Bennett predicts a geopolitical split in stablecoin dominance: Tether will capture Latin America while the more U.S.-regulated Circle (USDC) will target and potentially destabilize the European economy.
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