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Figure Co-founder Mike Cagney Predicts Emergence of Megabank Stablecoin Era
Crowdfund Insider· 2025-10-09 12:48
Mike Cagney, Co-founder and current Executive Chairman of Figure (NASDAQ:FIGR), which aims to transform capital markets by leveraging blockchain technology, predicts that the era of megabank stablecoin is coming.Cagney noted that the GENIUS Act will usher in JP Coin, and it will “suck the liabilities (deposits) out of regional banks.”According to Cagney, just as Chase has won in credit card rewards, JP Coin will likely offer “comparable rewards and benefits.”He added that it is hard to see “how regionals ca ...