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21 sats \ 2 replies \ @BlokchainB OP 5h \ parent \ on: JPMD “stablecoin” by JP Morgan is coming! crypto
Yeah if they are I can see banks looking to move on this and away from debit/credit issuers. Why pay Visa and mastercard when you can undercut them and settle much much faster.
I’m not a fan of banks but they desperately need innovation.
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0 sats \ 1 reply \ @freetx 5h
The upper hand that stablecoins issues will have is interest shared with holders.
And that becomes not just a consumer preference but corporate... WWWMD? (What Would Walmart Do) - prefer to hold Tether w/ interest or JPMD
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10 sats \ 0 replies \ @BlokchainB OP 3h
Yeah if anyone wants to compete with tether they would have to give some compensation for using their coin
But corporates they will go with the coin that gets the blessing from US regulators
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