Golden Finance reported that Fortune magazine published an article stating that Tether is expected to achieve a net profit of more than 10 billion US dollars by the end of this year, "stimulating" many banks around the world to join the stablecoin market and take a share of the pie, including: 1. Societe Generale-Forge, a subsidiary of Société Générale, launches a stable currency backed by the euro; 2. Oddo BHF SCA is also developing a stable currency denominated in euros; 3. London-based Revolut is considering issuing its own stablecoin; 4. DWS, a subsidiary of Deutsche Bank, plans to launch a stable currency next year; 5. BBVA also plans to enter the stablecoin market and has cooperated with Visa to launch a tokenized network for banks to issue stablecoins and will pilot it in 2025; 6. Standard Chartered Bank, Animoca Brands and Hong Kong Telecommunications have been selected by the Hong Kong Monetary Authority as one of the first banks to issue Hong Kong dollar stable currencies in the experimental project.