Tearsheet Podcast: Exploring Financial Services Together cover image

'You can programmatically use blockchain to reduce counterparty risk': Fireblocks' Michael Shaulov

Tearsheet Podcast: Exploring Financial Services Together

CHAPTER

The Future of Central Bank Digital Currency

We are involved in a handful of pilots right now in terms of what it's called central bank digital currencies, but this is really government level. What is much more appealing for the banks at the moment is what we call tokenized deposits. We have non-banks like GMO, which is a huge Japanese brokerage, the issuing Japanese yen. And on the back of those structures and just like things like USDC and so on, we've been working with the top payment service providers to use stable coins for cross-border transactions.

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