Apart microscopic banks, the big majority won't be using any existing stablecoin, so don't get too excited.
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This is interesting. Banks will issue their own stablecoin(s) and unlikely to use public blockchain much, both for privacy and speed reasons. Best outcome is that banks will reduce their operational costs and learn that world evolved since 1970.https://twitter.com/CoinDesk/status/1346240191300853760 …
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It's bullish for businesses in crypto. They will be able to use FIAT / Crypto conversions instantly and transparent to the user experience.
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So the tether printer can become obsolete overnight.
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Do you mean each bank will create a stable coin based on their reserve ?
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