There are still banks who are very optimistic about cryptocurrency. One of those is the Union Bank of the Philippines. Before, they launched ATM machines which indicates that they are supporting bitcoin and can possibly step forward about mass adoption. This creates positive impact about blockchain technology.
Aside from that, Union Bank confirms that they will now releasing their own "Stable Coin".. They want to minimize the volatility which bitcoin and other coins are giving, that is why they have decided to make a stable coin. Take note that they are now have a permit from BSP (Bangko Sentral ng Pilipinas) which approves virtual currency exchanges and other money/financial issues.
This is an overview of their stable coin:
Quote
Project i2ior island-to-island, institution-to-institution, and individual-to-individualis UnionBanks clearing system that connects rural banks through blockchain technology
This somehow excites me, I know there are a lot of stable coin now in the crypto market. But knowing our prestigous Bank (Union Bank) is launching this kind of crypto stable coin makes me realized that mass adoption is really near to achieved especially in our country.
This is the link if you want to further read the news.