Have you tried sending a wire with your bank? Lmao.
USDC/T is a step improvement over tardfi, despite it not having permissionless characteristics of btc.
Tardfi also is notorious for not serving millions to tens of millions Americans - read about unbanked and underbanked.
Yep, use wires all the time in my business. But why?
A wire is a direct final settlement, akin more to Bitcoin. Zelle takes a split second. As does PayPal, Cash app, Venmo, and so forth.
So again, how are regulated stablecoins helpful with and by Americans?
You have all the downsides of American banking, plus major issuance risk and centralized control over the block chain.
Unbanked is a myth americans. They are people who chose not to be banked.
94% of Americans adults have a bank account. There are not tens of millions of aduktd in the US that are unable or blocked from getting bank accounts.
If you were though, you can damn well be assured you will be blocked from getting a private and regulated cdbc.
