Stable Coins and the Fed Balance Sheet

The feds released a white paper on central bank degital currency and in the potential for stable coins playing a role. The issue, again, is that if you have a stable coin that's backed by ou say, treasury bills, you're going to silo that collateral,. And number two, there's also the inroperable concern. You want the payment system to operate seamlessly. Ad and you can do that if you has bank reserves, more liquid, you also much n your piece.

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