From Stablecoins to Central Bank Digital Currencies
By Tobias Adrian and Tommaso Mancini-Griffoli
As privately issued stablecoins continue to encroach on more traditional forms of money—like cash and bank deposits—policymakers will not simply look on from the sidelines. […]
Digital Currencies: The Rise of Stablecoins
By Tobias Adrian and Tommaso Mancini-Griffoli
A battle is raging for your wallet. New entrants want to occupy the space once used by paper bills or your debit card. […]