@EncryptusGlobal
thefintechtimes.com The Invisible Toll: How Correspondent Banking Quietly Strips Wealth from Those Who Can Least Afford... Dilip Ratha on the high cost of remittances, the limits of correspondent banking and the potential role of regulated stablecoin infrastructure. Dr. Dilip Ratha spent three decades at the World Bank quantifying what correspondent banking actually costs migrant workers.View quoted post on X
He's joining the Encryptus board and working closely with Anzens.
His view on USDA, in his own words:
"The risk profile of a regulated, dollar-backed stablecoin operating through licensed financial institutions is fundamentally different from speculative cryptocurrency trading.
USDA is fully reserved with US dollars and US Treasuries, held in institutional custody, and integrated into regulated banking infrastructure.
The alternative is correspondent banking, which carries its own embedded risks: settlement delays, exchange rate volatility between initiation and completion, and opacity in fee structures.
The question isn't whether stablecoins carry risk, but whether they introduce more risk than the system they replace. The data suggests they don't."
A voice that helped define the field, on the infrastructure that comes next.
