Stablecoins and CBDCs: Their Rise, Risks and Possibilities
Money For the Rest of Us
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Public vs. Private Money in Finance
This chapter explores the differences between public and private money, emphasizing central bank digital currencies (CBDCs) and the mechanics behind the creation of private funds. It also examines the role of stablecoins, their types and backing, and the significance of trust in financial systems amidst historical instabilities.
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