Research Summary: On the Economic Design of Stablecoins

I keep thinking about the discussion we had about the digital eNaira and how struggling governments might use CBDCs to enforce spending controls or prevent withdrawals during a bank run. Smart Contract Summit 2021: Central Bank Digital Currency (CBDCs) & Blockchain Panel. Do you think stablecoins based on hard currencies might be used as a ‘safer’ substitute for a CBDC in some cases? Perhaps instead of using Bitcoin or pegging a currency to the dollar.

5 Likes