May be looking at this the wrong way, but I thought the point of stablecoins (as compared to normal USD) is that the banking system is slow, expensive and cumbersome to transfer USD due for regulatory reasons and perhaps legacy tech reasons.
If so, what is the point of stablecoins if the banks themselves are running it? If regulations and technology are no longer an issue, can’t they just make USD transfers fast and easy? Why bother with a wrapper around USD?
If so, what is the point of stablecoins if the banks themselves are running it? If regulations and technology are no longer an issue, can’t they just make USD transfers fast and easy? Why bother with a wrapper around USD?