Wall Street’s Secret Crypto Plot: Are Banks About to Drop a Stablecoin Bombshell?
Picture it: The Clearing House and Early Warning Services—names that sound like they belong in a Dostoevskian fever dream—are at the center of these discussions. The stablecoin, if it ever escapes the labyrinth of committee meetings and PowerPoint presentations, would circulate among these banks like a secret handshake. There’s even talk of letting other institutions join in, because nothing says “exclusive club” like opening the doors just wide enough for everyone to peek inside and feel inadequate.