Amid the bitcoin frenzy and a pandemic-driven move to cashless payments, digital currencies have gone from wonky curiosity to mainstream phenomenon. Stablecoins, in particular, have garnered significant attention and praise for their mitigated volatility relative to other cryptocurrencies. The question remains as to what the most appropriate conduit between the public and these digital currencies should be. Should banks and their existing regulatory safeguards lead the charge? Should FinTechs and their nimble technology-driven approach take over? Or, could a hybrid approach give consumers the best of both worlds?