Thanks much Colton.

Just a counter-argument against banks issuing their own stablecoin: the whole point of cryptocurrencies is to compete against the current system in which there is a third party in every transaction, and that third party is the banks, including the whole hierarchy of trust, from the central bank, all the way down to your neighborhood bank. Cryptocurrencies remove the necessity of trusting a third party. Banks introducing their own stablecoins is therefore akin to a buggy-whip business introducing a special buggy-whip for cars.