Great write up! Hits on all key points. "We already have a Wholesale CBDC system in place." I fully agree. Also, the GENIUS Act and licensing requirements in combo with the fact that the Act specifies that it is illegal for non-bank entities to pay interest/yield to holders of their Stablecoin is key. So as per usual the government crushes the free market and picks the winners. As we all know, JP Morgan Stablecoin will incoming pretty quickly. If you're going to transact in Stablecoins then who will people want to use - issuers like JP Morgan that pay interest/yield on holdings or issuers like Tether who can't legally pay interest (unless granted a banking license)? Even with other bank entities issuing stablecoins it won't matter because they'll have Palantir aggregate all the data to one centralized location and then the illustrious government will utilize Palantir's AI to issue the social credit score.