Circle Launches Smart Contracts for BlackRock’s BUIDL, Traditional Finance Adopts Accelerated Stablecoin Legislation?

BlackRock in 2022 invested in Circle and initiated a series of collaborations with them. Adams believes that banks will enter the stablecoin market by acquiring/cooperating/controlling native cryptocurrency companies, providing themselves with a backdoor. They will lobby for stablecoin legislation and work towards this goal. The United States lacks the political will to establish a Central Bank Digital Currency (CBDC). They create a de facto stablecoin by issuing stablecoins on public cryptocurrency networks such as Ethereum through private banks.