The path to stablecoin ubiquity lies through banks

From omfif.org

Discussion of stablecoins has exploded among policy-makers and payment system incumbents since the election of US President Donald Trump. Use of the instruments has been growing steadily for several years but remains confined primarily to trading pairs with cryptoassets and for use in cross-border payments by those who prefer not to or are unable to access the traditional banking system. The speed, cheapness and broad accessibility of stablecoins makes them a potentially powerful and transformative payments system, even before considering their possible importance as a means of settling the cash leg of tokenised ... (full story)