Stablecoins and CBDCs: Their Rise, Risks and Possibilities
Money For the Rest of Us
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Intro
This chapter explores recent advancements in stablecoins and Central Bank Digital Currencies (CBDCs), with a focus on Circle Internet Group's IPO and the growth of the USDC stablecoin. It examines the evolution of money, contrasting physical currency with digital bank reserves, while highlighting potential risks and future implications for the financial sector.
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