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$3 Trillion in Stablecoins by 2030 | Jeremy Allaire, USDC Founder

Bankless

Exploring the Landscape of Electronic Money and DeFi Innovations

18min Snip

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This chapter delves into the current landscape of electronic money, emphasizing the dominance of privately issued electronic money by commercial banks and the necessity of full reserve money for safety on an Internet scale. It explores how DeFi and on-chain technologies can revolutionize credit delivery systems, discussing the role of AI in credit decision-making. Additionally, the conversation touches on central bank digital currencies, stablecoins, regulatory concerns, and the importance of fair rules to support innovation in the financial system.

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