What a wonder, the idea is to reduce the power of banks ..

Stablecoins can expand the population's access to financial services, but this advancement may weaken the role of central banks, according to the International Monetary Fund (IMF).
In a 56-page report released on Thursday (4), the IMF pointed out the so-called "currency substitution" as a significant risk linked to stablecoins, warning that this process may gradually compromise the financial autonomy of various countries.
In the past, those who wanted to use dollars had to carry physical cash or open a specific bank account. Today, however, "stablecoins can quickly integrate into an economy through the internet and smartphones," highlighted the institution.