Replying to https://twitter.com/ROWEBOT3339/status/1730696173684466101:

@ROWEBOT3339 The way Visa, Mastercard, and the others work is far more similar to Lightning on top of Bitcoin's base-chain than they are to using multiple separate blockchains, each with their own asset, that are somehow pegged to each other for consistent value conversion.

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@ROWEBOT3339 All of those mentioned settle back to the same fiat version of a "base chain" using FedWire.