Stablecoins and National Security | Former CFTC Chair Timothy Massad
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The Evolution and Impact of Stablecoins
This chapter explores the rise of stablecoins and their potential to disrupt the traditional banking system, particularly emphasizing the inefficiencies of U.S. payment systems. It contextualizes stablecoins within the historical framework of euro dollars and petrodollars, highlighting their significance in global finance and U.S. monetary policy. The discussion also addresses the regulatory challenges and geopolitical implications of adopting digital currencies amid rising global interest in alternative payment systems.
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