What these banks will certainly not do is partner with a third party in technological development or distribution of stablecoins. They will do all of this inhouse. In fact, the regulators might explicitly forbid it. It follows then that this distribution channel is closed to entrepreneurs building their own stablecoin technology. I don’t care how many Proofs of Concept a particular issuer claims to be conducting for a legacy bank. They will never lead to bank-wide adoption. Therefore, if you are an investor, run for the hills if a stablecoin issuer promoter claims that they will partner with a legacy bank to push their product out to market.