Although some central bankers have been panicking about their sector’s impotence or complacency in response to the expected dollar stablecoin boom, the Eurosystem has been stepping on the gas for its digital overhaul of wholesale euro settlement projects to embed public money at the heart of tokenisation. The same official expects, as a private opinion, that distributed ledger technology will underpin the majority of finance within 10 years.| OMFIF
While unperturbed by the customary condescension from ‘crypto-native’ digital assets disruptors at closed-door meetings, this person instead came away profoundly unsettled from similar gatherings of central bankers discussing the potentially radical implications of the forthcoming Genius Act – the US stablecoin bill expected to become law in 2025. This was put in motion by Donald Trump’s 23 January executive order, which set out for the US to lead the world in blockchain-based finance...| OMFIF
Subscribe to OMFIF Frequency and type of content can be changed in the email preferences section of all emails. Subscribe to receive OMFIF’s latest commetaries and events to your inbox * indicates required Email Address * …or subscribe to an OMFIF institute for further thematic focus OMFIF’s Economic and Monetary Policy institute is an independent […]| OMFIF
Charting progress towards a safe, efficient global financial system powered by technology| OMFIF