According to an article in Fortune magazine, Tether is expected to achieve a net profit of over $10 billion by the end of this year, "stimulating" multiple banks worldwide to join the stablecoin market and gain market share, including: 1. Societe Generale, a subsidiary of Societe Generale, has launched a Euro backed stablecoin; OddoBHFSCA is also developing a stablecoin denominated in euros; The London Revolution is considering issuing its own stablecoin; Deutsche Bank's subsidiary DWS plans to launch stablecoins next year; Spanish Foreign Bank also plans to enter the stablecoin market and has partnered with Visa to launch a tokenization network for banks to issue stablecoins, which will be piloted in 2025; 6. Standard Chartered Bank, Annimoka Bank, and Hong Kong Telecom have been selected by the Hong Kong Monetary Authority as the first banks to issue Hong Kong stablecoins.  @rdiaz520s