Big banks join forces to do big things! Is your wallet going to change?
Who knows, family members! Wall Street is making big news again! The eight major banks in the United States secretly set up a "financial alliance" to jointly issue their own stablecoins! This wave of operations directly confused me - it turns out that the local tycoon banks can't sit still!
Simply put: This thing is like Alipay balance, but wilder! The stablecoin issued by the bank is anchored to the US dollar 1:1, unlike Bitcoin, which rides a roller coaster every day. But the point is - this is the "digital banknote" printed by the bank itself! In the future, transfers will arrive in seconds, cross-border transactions will have zero handling fees, and you can buy Tesla stocks directly?
Take a closer look at the calculations behind this: Banks are afraid of being robbed of their jobs by PayPal and USDC in the currency circle! Instead of letting technology companies revolutionize themselves, it is better to form a group to form a "regular army". But leeks should be careful - is this financial innovation, or is it putting electronic shackles on your deposits?
Banks issue currency, will the central bank do it?
Will the interest rate be higher if I save money and convert it into digital currency?
If the bank goes bankrupt, will the currency return to zero?
Now the whole network is guessing: Will JPMorgan Chase's stable currency be called "JPMorgan Coin"? Will Citi create a "CitiCoin" with wings? Bet in the comment area, which bank currency will become the next Dogecoin!
I heard that the first internal test is the cross-border transfer function, and international students may have to roll up again...
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