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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 …
Apart microscopic banks, the big majority won't be using any existing stablecoin, so don't get too excited.
Not even $USDT?
For sure not US banks. Anyway in general banks like to retain control so they will go for a common solution among them.
Still pretty exciting for the US government to give the green light to federal banks using public blockchains for infrastructure and crypto for payment. A definite and huge foot in the door.
In my opinion is more technology acknowledgement and progress.
Smart comment.
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