SWIFT is already part of the fiat financial system so I think it would help Gemini make the payments in and out. So I think in a way, they are trying to connect the stable coins to the CBDC. So anyone converting stablecoins into dollars would get CBDC instead.
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What puzzles me really is the role of decentralized technologies in achieving their centralized goal? 😆
!CTP
To begin with, it was never decentralized, and I think that most decentralized things start off centralized in the start. It's about how they move forward from that point and I don't a company like Gemini will want to fully decentralize as they want the profits and control.
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