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

BlackRock will invest in and collaborate with Circle in 2022. Adams believes that banks will enter the stablecoin market by acquiring, partnering with, or controlling native cryptocurrency companies, providing a backdoor for themselves. 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). Instead, they create de facto stablecoins by issuing them on public cryptocurrency networks such as Ethereum through private banks.