What is the point?
- Banks should have controls over money that are impossible with crypto. It is absolutely vital for any state to control their own currency and the banks need methods to accomplish that.
- Why would banks need a decentralized ledger at all? It makes literally no sense to have banks maintain such a ledger. Banks do not need to solve the double spending problem and you can build a digital currency without a block chain. Not as a theoretical, but right now basically all my banking happens digitally, what is the actual technical point of introducing a block chain to that?
Regarding you second point, the funny thing about this space is that most stablecoins don't even try or pretend to be decentralized.
This news reads like big banks and other major traditional finance players are building a database because FedNow doesn't cut it somehow?
The decentralization is my steel man of the idea. If you don't have to worry about the double spending problem, choosing a block chain instead of a normal database is just absurd.