Re: Trash talk
"Problem is that if there was a government approved $ stablecoin then why would I need a high st bank?"
The government is going to contract with BofA or Wells to "administer" the program. Half the time when I look to see if I can use plastic on a government site, the transaction is shunted to some bank for processing (which I don't do).
It also means that the politicians that have awarded those contracts can be assured of a nice comfy job in a few years. At least some speaking engagements and consulting if not full time "employment".