This feels inevitable. Right now stables are dominated by Circle and Tether (depending whether you’re inside or outside the US), with a little PayPal, Sky and other orgs. USDT isn’t headquartered in the US, banks don’t want to assist paxos/coinbase (Circle) and if retail banks can now hold and stake tokens they’ll probably want their own stablecoin.
The question is whether the banks actually find uses for their own stablecoin, or if it just becomes another thing deployed into the crypto ecosystem.
"The question is whether the banks actually find uses for their own stablecoin"
if they start buying and Pumping bitcoin, it would be so funny