Iran war, debanking drive commodity traders toward stablecoins, says Haycen CEO
The ripple effects of geopolitical conflict are reshaping the plumbing of global trade finance, pushing some commodity traders out of the banking system and into the arms of stablecoins. That’s according to Luke Sully, CEO of trade finance-focused stablecoin issuer Haycen, who says the war involving Iran has heightened compliance fears among Western banks, triggering…