LSEG’s Blockchain Move: Seriously?

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Okay, so the London Stock Exchange, bless their slightly-behind-the-curve hearts, have launched something called “DiSH.” 🙄 Apparently, it’s meant to make money move instantly on the blockchain. Like, we couldn’t already do… things? 🤷🏻‍♀️

  • Apparently you can now move actual, real bank money around on the blockchain 24/7. Because waiting a day or two was just too much.
  • Stablecoins – USDC and USDT, for the uninitiated – are involved. So, it’s all very “we’re totally modern and forward-thinking” 🙄… while still being tied to the dollar. Safe.
  • And get this: they’re saying proper crypto rules in 2025 will help this. Like, regulation suddenly being the cool thing. World’s gone mad. 🤪

Basically, LSEG DiSH (yes, the name is… a choice) wants to let people move money between banks and… well, the internet, I guess? It’s using something called “DiSH Cash,” which sounds distinctly less glamorous than actual cash. Honestly.

So, How Does This Whole Thing… Work?

They’ve linked it directly to your bank account. Which is either incredibly convenient or a privacy nightmare. You decide. 🤔 You can apparently “own and control” your money. Groundbreaking. And borrow and lend it within the system. Because, you know, we didn’t have enough things to worry about managing.

They did a little test run with Digital Asset, moving currency around. They turned bank deposits into… tokens? It’s all very blockchain-y. 🥇 Daniel Maguire, who has a very serious job title, said something about reducing settlement risk and integrating everything. Naturally.

Stablecoins: The New Normal, Apparently

Turns out stablecoins are doing really well. Like, 33 trillion dollars worth of transactions well. Which, honestly, I’m still trying to wrap my head around. 🤯 USDC and Tether are leading the charge – because everyone needs a digital version of… well, everything.

The benefit of these is they’re pegged to the dollar. So, unlike actual crypto, they don’t do that whole wildly fluctuating thing. Which is good. For some. 😎 Makes DiSH’s job a bit easier, I suppose.

Regulation & Feeling Slightly Less Doomed

Apparently, governments are starting to see crypto as… not the enemy? They’re setting up rules, boundaries, and things. So, DiSH can operate without everyone clutching their pearls. 😅 Transparency and accountability are in. Shady dealings are… out? (We’ll see.)

Basically, it’s all very… happening. Whether it’s actually useful is another question. 😉 I’m just here to narrate the chaos.

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2026-01-15 15:26