The next stablecoin battle may be over who controls the infrastructure that makes digital money interchangeable.
- The next major battle in the stablecoin space is shifting from issuance to controlling the infrastructure that enables digital money interoperability, routing, and settlement.
- Banks, payment networks, and infrastructure providers are competing to own this orchestration layer, with banks forming alliances like BankChain to support tokenized deposits and programmable payments.
- While interoperability is touted as key for stablecoin scale, competing interests are reorganizing around this layer, making it a critical commercial battleground.
Topics: Asset types, Infrastructure providers, Integration with defi, Stablecoins digital cash, Tokenization platforms, Rwa collateral lending
Tags: #stablecoins #interoperability #digitalmoney #tokenizeddeposits #paymentnetworks #routinglogic #bankchainalliance #jpmorgan #programmablepayments
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