2/ Banks launching random whitelabel stables with no liquidity or brand is a graveyard. A+ lets them join a unified network instantly and keep 100 percent of the yield. 💸
10/12) A+ is a compromise solution because it is not entirely trustless. $USDA+ as a pegged token has a collateral that's not BTC/ETH and there is a trust assumption made. But it is a lot better than the current default which is third party freezing by a SINGLE corporate entity.
2/12) The bank takes the deposit and through the sub issues the $USDA+ stablecoin, backed by treasury paper as is the usual way to earn yield. Regulators and banks decide if they wanna share that yield, but there are many banks so its a market.
13/14) The goal is ironically to move the overton window so that it is not CATEGORICALLY worse in web3 than web2 vsv financial censorship. We don't want any one entity to control fork choice, or our money.