New stablecoin issuers are advised to leverage synthetic foreign exchange on USDT and USDC to stand out amid Tether and Circle's dominance. By building on these established stablecoins, issuers can offer global users a local currency experience without competing directly in the spot forex market. This approach allows users to hold USDT/USDC while their account balances are denominated in their preferred local currency, enhancing retail adoption. The stablecoin banking sector is rapidly evolving, with $6 billion in venture capital invested over the past year. However, current infrastructure limits stablecoin neobanks to USD accounts, creating opportunities as 95% of global regions use non-USD currencies. Synthetic forex solutions, such as Non-Deliverable Forwards (NDFs), offer a viable path by providing synthetic currency exposure without physical currency exchange, aligning with traditional finance practices. Stablecoin banks can integrate APIs for synthetic forex services, allowing users to toggle between currencies while maintaining USD liquidity. This model supports international business payments and forex arbitrage, offering significant growth potential in the stablecoin banking arena.