Banks are changing. There used to a time when Banks used to hate the blockchain. Like they used to ban the crypto and the business that were built around them. And now they are building the banking experience around those tokenized experience. Recently banks started creating their own tokenized deposit networks to safeguard their rails.
Banks in US have come together to form the tokenized deposits on the chain. Which would be Zksync L2 and ethereum being the L1. And they are making sure to integrate this in existing banking and risk frameworks.
This is not a stable coin or the govt tokens. But internal tokens framework that would help the banks to manage the risks and also handle the core banking and the established FDIC insured financial framework. So this new deposit network was formed for the banking and the services around them.
This cari network makes use of the Zksync prividium and it is intended to make the network more safe, encrypted and more secure banking deposit network. So this is going to be a good direction that is about to be formed based on what I have seen so far.
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