> If so, what is the point of stablecoins if the banks themselves are running it? If regulations and technology are no longer an issue, can’t they just make USD

> If so, what is the point of stablecoins if the banks themselves are running it? If regulations and technology are no longer an issue, can’t they just make USD transfers fast and easy? Why bother with a wrapper around USD? I think at a macro level, the key point is that banks were initially unmotivated/uninterested in, and critical of crypto. The long-term effort behind stablecoins to become compliant and aligned with regulatory frameworks has now positioned them as useful infrastructure. Today, banks can simply adopt or acquire the benefits of a system they had no interest in building themselves. The current US administration clearly helps.