Are the Four Major Banks in the Beautiful Country Joining Forces to Create a 'Digital Dollar'? What is the Goal of This Stablecoin Revolution!
JPMorgan Chase, Bank of America, Citibank, and Wells Fargo, the giants of the banking industry, are secretly brewing a 'Digital Dollar' revolution, jointly creating a dollar-backed stablecoin. Don't be misled by the shiny surface; behind this lies traditional banks attempting to take a shortcut in the blockchain field.
They not only want to leverage the existing clearing networks and the warning systems behind Zelle but are also eyeing the upcoming 'GENIUS Act', using regulation as a safeguard to create a legal and robust stablecoin. In other words, this isn't just a technological innovation; it's a new chess game for the financial hegemony of the Beautiful Country.
This collaboration breaks down the barriers between tradition and innovation, aiming to ensure that cross-border payments arrive in seconds and minimize risks, thereby stabilizing the global dominance of the dollar. However, the influence of regulation and politics is constantly at play in the background; who can truly control this digital dollar card?
