King Dollar Will Be Crowned The King of Crypto-Fiat

The US bank regulator OCC issued an opinion letter allowing US banks to use blockchain infrastructure and stablecoins. This is a smart shortcut taken by the US regulator to legitimize the use of crypto dollars and counter the Chinese DCEP. Banks will also benefit from the safety, security, resiliency, speed and low cost of transacting using such protocols. The move will strengthen again the dollar hegemony on the world economy, but in a much more positive way. Bitcoin will be the backbone of the new financial digital system upon which everything could be built.