The Daily Peg
Banks are still concerned about the privacy implications of using stablecoins on public blockchains.
Editorial hello
We all know the stablecoin market is attracting an ever larger number of tradfi participants. But while big banks are increasingly entering the market, I hear many are still uncomfortable with the level of transparency applied to transactions processed on public blockchains.
In that vein, I understand some banks are flirting with the idea of developing “dual form” assets. These would be tokens that behave as tokenized deposits when they remain within a bank’s own closed ecosystem, but which automatically convert into stablecoins once they move outside that perimeter.
