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Demystifying Stablecoins:
Cryptography meets monetary policy

Self-sovereign stablecoins are interesting and probably here to stay; however, they face numerous regulatory hurdles from banking, financial tracking, and securities laws. For stablecoins backed by a governmental currency, the ultimate expression would be a CBDC. Since paper currency has been in steady decline (and disproportionately for legitimate transactions), a CBDC could reintroduce cash with technological advantages and efficient settlement while minimizing user fees.

by Jeremy Clark, Didem Demirag, Seyedehmahsa Moosavi | March 16, 2020