> Implement something the banks just aren't willing to do themselves?

I think that's it. We're very unlikely to see international transactions between banks happen as easily and as quickly as they can with a stablecoin, even though it's technically possible.

I think part of what makes it easier is that with crypto there's "no take backs" since it's largely impossible. Banks have to worry about fraud constantly because they're somewhat liable.

Stablecoin issues are just waving their hands and saying “blockchain” to try to magic away that liability.

Otherwise they’re doing the exact same thing.