#美国银行集团完成usbdc稳定币试点
👉 银行发币这步，群里聊影响
Some major banks in the US teamed up to complete a full round of testing for a stablecoin pilot🏦
The currency issued by this consortium is called USBDC. The rules are set by themselves, and it doesn’t run on the public mainnet.
First, let’s see what it solves. Cross-border settlement currently requires SWIFT, taking two days to complete. On-chain settlement compresses this step to a minute-level timeframe, and it also saves fees for the intermediary banks. The pilot focuses on business-to-business payments, not retail transfers.
The tricky part is reserves. How do bank deposits map one-to-one to on-chain tokens? Who audits it? If something goes wrong, who is responsible? The terms are still being negotiated. The motivation for banks to do this isn’t to embrace crypto—it’s to retain deposits. A few major European banks are also pushing similar projects, but each writes its own rules, and achieving interoperability will take time. The standards fight is likely to be longer than the technical one.
For crypto, bank-issued tokens are a double-edged sword. The stablecoin “market” will get bigger and on-chain activity will rise along with it. But issuance control stays in the banks’ hands, diluting the narrative around decentralization.
Do you think bank-backed stablecoins will take share from USDT, or will everyone carve out their own markets? Let’s discuss in the comments.
👉 银行发币这步，群里聊影响
Some major banks in the US teamed up to complete a full round of testing for a stablecoin pilot🏦
The currency issued by this consortium is called USBDC. The rules are set by themselves, and it doesn’t run on the public mainnet.
First, let’s see what it solves. Cross-border settlement currently requires SWIFT, taking two days to complete. On-chain settlement compresses this step to a minute-level timeframe, and it also saves fees for the intermediary banks. The pilot focuses on business-to-business payments, not retail transfers.
The tricky part is reserves. How do bank deposits map one-to-one to on-chain tokens? Who audits it? If something goes wrong, who is responsible? The terms are still being negotiated. The motivation for banks to do this isn’t to embrace crypto—it’s to retain deposits. A few major European banks are also pushing similar projects, but each writes its own rules, and achieving interoperability will take time. The standards fight is likely to be longer than the technical one.
For crypto, bank-issued tokens are a double-edged sword. The stablecoin “market” will get bigger and on-chain activity will rise along with it. But issuance control stays in the banks’ hands, diluting the narrative around decentralization.
Do you think bank-backed stablecoins will take share from USDT, or will everyone carve out their own markets? Let’s discuss in the comments.
