Banks Moving Forward With Global Stablecoin Consortium, Sources Say
· 133K Views
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Banks Moving Forward With Global Stablecoin Consortium, Sources Say
· 133K Views
This could be a much bigger development than it looks. A global stablecoin consortium backed by major banks would signal that traditional finance isn’t just experimenting with digital assets anymore — it’s building infrastructure around them. The real thing to watch is who joins, what rails they use, and how regulators respond. Stablecoins are increasingly becoming a bridge between traditional finance and onchain markets.
@DeItaone Same settlement rails, except the float lands on bank balance sheets instead of Tether's or Circle's. Worth more to them than the years they spent lobbying against the legislation.
@DeItaone interesting how fast banks flipped on stablecoins once they saw the float