Coinbase Ventures-Backed Stablecoin Bank Triggers Terra UST-Style Fears

Kontigo is gaining traction by promoting a stablecoin-first banking model as a global alternative to traditional financial services. At the same time, its rapid rise has prompted skepticism within the crypto community. The model has raised questions over whether it can scale sustainably without repeating the missteps that have defined past industry failures. Kontigo’s Rapid Rise Draws Attention A new bank building its entire identity around stablecoins is rapidly climbing the ranks of the financial services industry source: https://beincrypto.com/kontigo-stablecoin-bank-crypto-skepticism/