Wall Street’s Stablecoin Invasion: Innovation or Control?

TL;DR The surge of big-bank–backed stablecoins raises a dilemma: will they democratize access to money or become yet another control mechanism? JPMorgan, Bank of America and Citigroup are weighing a joint stablecoin to counter crypto competition and recapture outflowing deposits. The plan promises instant payments and lower fees, but at the cost of autonomy and. . . source: https://crypto-economy.com/wall-streets-stablecoin-invasion-innovation-or-control/