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Aside from optics, why doesn't a major central bank step in and create a stable-coin? A GBP/CAD/USD stable-coin collateralized by a central bank's reserves woul
by axg11 4y ago
Aside from optics, why doesn't a major central bank step in and create a stable-coin? A GBP/CAD/USD stable-coin collateralized by a central bank's reserves would be widely adopted at this point.
- boole1854 4y agoIt's not clear to me why a major central bank would be interested in establishing a distributed currency that competes with their own centrally-managed currency. Maybe it sort of possibly makes sense for a central bank in a small country where the politics are such that policy makers have decided to compete for the attention of the crypto industry. But a major central bank?
- axg11 4y agoUSD collateralized stable-coins are happening whether central banks participate or not. I think the advantage for a central bank would be to bring stability and increase demand for the underlying asset (the centrally controlled currency).