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Why does the global financial system actually need a third-party bridge currency mechanism?
This question cuts to the heart of modern liquidity infrastructure. The BIS perspective reveals something crucial about cross-chain settlement and tokenized asset flows. When you strip away the noise, it's about reducing friction between siloed ecosystems—whether traditional finance or decentralized networks. A neutral bridge currency layer enables better price discovery, faster settlement, and genuine interoperability that markets are increasingly demanding.