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Considering how much demand there is for stablecoins this seems pretty positive. Don't need to worry about Tether counterparty risk if the backer of a US dollar
by chrisgp 4y ago
Considering how much demand there is for stablecoins this seems pretty positive. Don't need to worry about Tether counterparty risk if the backer of a US dollar coin is the US treasury.
Maybe this is what gets us to <1h settlement ACH transfers?
- hocuspocus 4y agoHow much of that demand is driven by the fact USD-pegged stablecoins allow to evade US jurisdiction? > Maybe this is what gets us to <1h settlement ACH transfers? You can have that without involving the central bank.
- atdrummond 4y agoFedWire already solves the last problem.