Announcing a H1 2027 rollout in late 2026 highlights the friction of consortium-led coordination. While banks build consensus across 21 risk committees, crypto-native stablecoin issuers continue capturing structural float and real-world distribution today. Having said that, bank-issued stablecoins represent the ultimate regulatory hedge. Operating under emerging Clarity frameworks, a unified G7 bank token turns compliance overhead into a structural moat, attempting to wall off institutional volume from crypto-native rails. Gonna be a fun one to watch!
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