5min chapter

Policy@McCombs cover image

Charles Calomiris on FinTech

Policy@McCombs

CHAPTER

Stable Value Coins - Isn't a Deposit?

The future a banking is to bringe these kinds of entities out of the shadows, but make the chartered system flexible enough to accommodate them. But that coalition i describe, the federal reserve, the incumbent banks and the democratic party do not want any of that to happens. The o c c came out about two years ago with its vintac charter, and then the state s de the o c c. And it seems like now that the the l sin limbo and ison no case ower an happen.

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