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Banks Exploring Stablecoin Amid Fears of Losing Market Share, BitGo Executive Says

BitGo’s stablecoin-as-a-service has drawn significant interest from U.S. and international banks, Ben Reynolds said.

Updated May 15, 2025, 1:43 p.m. Published May 14, 2025, 9:59 p.m.
Ben Reynolds, director of stablecoins at BitGo (CoinDesk)
Ben Reynolds, director of stablecoins at BitGo, at Consensus 2025 by CoinDesk