CNBC: Payment and financial giants get on board stablecoins may reshape the flow of funds in the United States and even globally.

[CNBC: Payment and financial giants getting on board stablecoin may reshape the flow of funds in the US and even globally] CNBC published an article "Stablecoins Go Mainstream: Why Banks and Credit Card Companies Want to Issue Their Own Encryption Tokens", which points out that payment and financial giants getting on board stablecoin may reshape the flow of funds in the US and even globally:

1. PayPal's blockchain, cryptocurrency, and digital currency Senior Vice President Jose Fernandez da Ponte stated that stablecoins are not only a means of value transfer, but in many cases have already become an infrastructure layer;
2. Mastercard has announced this week that its multi-token network (Multi-Token Network) will support four types of stablecoins;
3. The CEO of Visa disclosed that they are modernizing their infrastructure with the help of stablecoins.
4. JPMorgan has launched a Token backed by deposits from commercial banks rather than US dollars.