Stablecoin consortia may be ‘interim’ step to solo bank issuance

Former Citi payments head and Ubyx founder says all G-Sibs will issue their own coins Bank-led consortia for the development and issuance of stablecoins may be an “interim stage” on the road to solo bank coin issuance, according to an industry veteran, who reckons these tie-ups represent the first step in a commitment to the fast-growing digital payment ecosystem.Ultimately, every global systemically important bank (G-Sib) will issue a US dollar stablecoin, even if they don’t know Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe You are currently unable to print this content. Please contact info@risk.net to find out more. You are currently unable to copy this content. Please contact info@risk.net to find out more. Copyright Infopro Digital Limited. All rights reserved.You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.If you would like to purchase additional rights please email info@risk.net Sorry, our subscription options are not loading right now Please try again later. Get in touch with our customer services team if this issue persists. New to Risk.net? View our subscription options If you already have an account, please sign in here. Most read articles loading... Back to Top