MacroVoices #319 Jim Bianco: The Future of Decentralized Finance
Central Bank Digital Currency
The idea of a central bank digital currency runs at odds with the users and the creators. And that's why you're seeing people more and more gravitate towards the crypto space, which is decent lized so no one controls it. The excitement in the decentralized finance space really starts around what is referred to as stable coins. A stable coin is just a a digital token that is supposed to have its value pegged to something else. Most of them have their value pegged to the us. Dollar. But there are some for the ureau and the yan in gold, and recently there's a new one now for c p i as well too.