“Print” stable coins referring to issuing their own CBCD, yes. I mean, the Fed determines monetary policy, correct? They control the interest rates of the econo

“Print” stable coins referring to issuing their own CBCD, yes. I mean, the Fed determines monetary policy, correct? They control the interest rates of the economy basically which gives them all sorts of levers to manipulate. My concern is basically: banks have more assets, backed with CBDC, in turn backed by the Fed. If banks make poor investments (say in a housing market which collapses and they are unable to sell their underlying assets), their “money” is even less tied to cash than before, since the Fed can now just issue more CDBC without needing cash reserves. It seems to be getting all a bit abstract.