IHS Markit Has A Plan to Tokenize A $1 Trillion Loan MarketThe article is a bit fuzzy but they plan to create digital bearer dollars by locking up a fiat account, by contract, then allowing liquid flows on their swapnet.
But if the technique works, then we should be able to have fiat on Telegram, which is up and running. The point is, guv regulators will have to decide, capital controls or jump into sandbox. The banks need the latter choice. I think it is game over.
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