Innovating Monetary Systems

This chapter examines the innovations in monetary systems due to tokenization and stablecoins, while stressing the importance of sound money principles. It discusses the challenges of the current banking system, the potential of projects like Project Agora, and compares stablecoins with central bank digital currencies. The chapter also highlights the regulatory and governance issues associated with these developments, as well as the need for collaborative efforts in enhancing cross-border payments.