They are doing all this for their own benefit and not for their users, I've also heard that they will have control over the tokens of every holder and they can freeze them whenever they want, so I don't really trust these institutions no matter what they do because at the end of the day, they are centralized and they will always do what will benefit them in the long run whether it's adopting cryptocurrencies or saying that they are offering them for our benefits.

Whether it's banks or other financial institutions, they are ultimately in the hands of the authorities, and even if they aren't in charge of them, they can still always ask for any information or detail that they want from these institutions which doesn't make us or our financial activities private at all.