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 around the world to join the stablecoin market and get a share of it, including: 1. Societe Generale Forge, a subsidiary of French bank Societe Generale, launching a euro backed stablecoin; 2. OddoBHFSCA is also developing a stablecoin denominated in euros; 3. London Revolution is considering issuing its own stablecoin; 4. Deutsche Bank's subsidiary DWS plans to launch stablecoins next year; 5. BBVA also plans to enter the stablecoin market and has partnered with Visa to launch a tokenized network for banks to issue stablecoins, which will be piloted in 2025; 6. Standard Chartered Bank, AnimocaBrands, and Hong Kong Telecom have been selected by the Hong Kong Monetary Authority as one of the first banks to issue Hong Kong dollar stablecoins in the experimental project. @itfermer