
Stablecoins and National Security | Former CFTC Chair Timothy Massad
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The Future of Digital Currency: CBDCs and Stablecoins
This chapter examines the evolving landscape of central bank digital currencies (CBDCs) and the Federal Reserve's role in shaping them. It highlights the need for a regulatory framework that balances privacy, innovation, and the integrity of financial systems, while looking at the U.S.'s position on stablecoins in an international context. The discussion emphasizes the potential impact of legislative actions on the relationship between stablecoins and traditional banking, aiming to clarify their use as payment tools rather than investment assets.
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