You already hold dollars across thousands of banks without thinking about it. Stablecoins will be the same. Anchorage Digital CEO Nathan McCauley says new infrastructure will hide which stablecoin you’re using, like branded credit card programs “This idea of multiple stablecoins is not actually that different than the question of multiple deposits. Within America, you have deposits at 2,000 banks, all of which actually have different risk characteristics underneath them, but we all treat them as dollars.” “What’s going to happen is you’re going to see infrastructure get built that handles the complexity of multiple stablecoins. By analogy, it might look more like credit card programs. Your airline has a credit card program, your online store has a credit card program.” “If you’re transacting within the large banks, maybe you’re using their stablecoin or interchanging with their tokenized deposit infrastructure. I like to joke, if you’re using a loyalty program at a coffee shop, you might be interacting with Starbucks.” “There’s going to be different stablecoins rolling around within the ecosystem, but the average consumer is not necessarily going to be aware of what’s underlying it.”