That still doesn't do it for me though. Banks in the US are somewhere between a legally protected monopoly and a racket. They would only make more money if the

That still doesn't do it for me though. Banks in the US are somewhere between a legally protected monopoly and a racket. They would only make more money if they can charge higher fees or convince the economy as a whole to make more or larger transactions. If banks could do either of those with a stablecoin they could do it with USD, which again is effectively a stablecoin that lives in the banks' private databases.