First of all I find it fascinating to see that something that has been around for only a few years is already becoming a threat to the big banks. However we all know that eventually some sort of action will be taken to control the wild growth of all these stablecoins.
I like to believe that USDC will be fine as Coinbase, like Nash, is heavily into regulation. But I have not idea how this will turn out. A lot of volume comes from stablecoins, so markets might dry up when they start to regulate and/or ban these stablecoins.
What is your take on this subject?