Stablecoin consortia may be ‘interim’ step to solo bank issuance
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Former Citi payments head and Ubyx founder says all G-Sibs will issue their own coins
Bank-led consortia for the development and issuance of stablecoins may be an “interim stage” on the road to solo bank coin issuance, according to an industry veteran, who reckons these tie-ups represent the first step in a commitment to the fast-growing digital payment ecosystem.
Ultimately, every global systemically important bank (G-Sib) will issue a US dollar stablecoin, even if they don’t know
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