🌕 Gate Square · Creator Incentive Program Day 8 Topic– #XRP ETF Goes Live# !
Share trending topic posts, and split $5,000 in prizes! 🎁
👉 Check details & join: https://www.gate.com/campaigns/1953
💝 New users: Post for the first time and complete the interaction tasks to share $600 newcomer pool!
🔥 Day 8 Hot Topic: XRP ETF Goes Live
REX-Osprey XRP ETF (XRPR) to Launch This Week! XRPR will be the first spot ETF tracking the performance of the world’s third-largest cryptocurrency, XRP, launched by REX-Osprey (also the team behind SSK). According to Bloomberg Senior ETF Analyst Eric Balchunas,
Analysts: The introduction of the Korean Won stablecoin will have Favourable Information for the securities industry and is expected to have a negative impact on the banking sector.
According to Mars Finance, as discussions about the introduction of the Korean won stablecoin intensify in South Korea, analysts believe that direct issuance of stablecoins by banks may lead to a decline in their Interest income. According to a report released by NICE Investor Service, the adoption of stablecoins in the financial sector is expected to have a negative impact on the banking industry and a positive impact on the securities industry. In the case of funds flowing into stablecoins, the deposit base of banks may shrink, weakening their intermediary function. Although banks can alleviate part of the decline in profitability through revenue from stablecoin reserves, their earnings are still lower than those from loan Interest income. Currently, about ten banks have established advisory bodies to jointly address the challenges posed by stablecoins and are considering forming joint ventures to issue a common stablecoin. Analysts point out that the introduction of stablecoins is expected to have a positive impact on the securities industry in the medium to long term, while the impact on the credit card industry is relatively small. To promote the practical application of stablecoins, conditions such as legal, technical, and economic incentives must be met.