3min chapter

The Money Movement with Jeremy Allaire | Leaders in Blockchain, Crypto, DeFi & Financial Inclusion cover image

Ep 80 | Tokenized Cash and Reducing Systemic Risk

The Money Movement with Jeremy Allaire | Leaders in Blockchain, Crypto, DeFi & Financial Inclusion

CHAPTER

The Importance of a Digital Dollar

USDC is basically held in T-bills and in true cash, cash equivalency with direct Federal Reserve access to the market. The money in the bank does not have the same transparency as current practice in stablecoins. Instead of crowding out deposits, you can actually crowd in deposits because you're converting physical cash into a digital asset where it's backed by central bank money.

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