Banks Explore New Stablecoin: A Digital Money Revolution?

Banking giants like Bank of America and Goldman Sachs are joining forces to explore a new stablecoin pegged to G7 currencies, aiming to revolutionize digital payments. This one to one reserve-backed form of digital money seeks to enhance efficiency, boost competition, and adhere to strict regulatory standards, potentially shifting trillions from traditional banking to the crypto realm. Hosted on Acast. See acast.com/privacy for more information.