Tassat, a former Signet developer, is working on a marketplace that would connect stablecoin issuers with regional lenders, allowing these smaller banks to manage reserves.
This initiative is part of an effort to help smaller banks tap into the trillion-dollar stablecoin market before larger Wall Street institutions potentially lock them out, according to reporting from CoinDesk.
The planned marketplace is set to launch early next year, marking a significant step in Tassat's goal to support smaller banks in accessing the stablecoin boom.