The protections people are asking for already exist in card payments. Chargebacks, fraud monitoring and deposit insurance are decades old and don't need to be reinvented on a blockchain.
What's missing is someone who stands behind the payment when it goes wrong. For most
Canada's six largest banks, @RBC , @TD_Canada, @scotiabank, @BMO, @cibc and @nationalbank, are exploring a single shared network for Canadian-dollar tokenized deposits, rather than issuing a stablecoin.
Before any of it works, six competing banks have to agree who runs the
The @ecb opened Pontes this week. Banks can settle tokenized securities in central bank money instead of running the cash leg on the old rails while the bond sits on a new one.
In the same announcement the ECB said it will put a small portion of its own funds into digital bonds
.@circle launched @arc public mainnet yesterday. Fees on the chain are paid in USDC, and the companies producing blocks include @BlackRock, @Visa, @Mastercard and @The_DTCC.
Until now, Circle issued USDC and other companies' blockchains moved it. With Arc, Circle owns both the
