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Another round of discussions around stablecoins. Banking institutions are actively lobbying regulators behind the scenes, trying to stifle the revenue mechanism of stablecoins. Once such policies are implemented, the appeal of traditional fiat currency will only grow stronger. This reflects the systemic suppression of decentralized finance by established financial interests—they fear that stablecoins will erode the intermediary role of banks. The market is reshuffling amidst this undercurrent.