Onchain Settlement System often Misunderstood as a Political Challenge to Central Banks - Tekedia

On-chain settlement is presented as a new financial architecture, not a political attack on central banks.

Built on open protocols, it can make global payments faster, more interoperable, and easier to access than legacy banking rails.

Stablecoins, tokenized treasuries, and decentralized exchanges are helping create a parallel, standards-based settlement layer.

The shift could reduce payment frictions and widen access to dollar-linked liquidity without eliminating the role of monetary authorities.