Charles Calomiris

Economist Charles Calomiris dives into the transformative power of stablecoins on traditional banking. He discusses how stablecoins are unbundling payment and lending services, reshaping the financial landscape. Calomiris emphasizes the crucial role of politics over technology in this evolution and warns of the fragility of this transition. He also explores the implications for the future of the dollar and the need for organized political actions to safeguard public interests in crypto policy.

Charles Calomiris, former Chief Economist at the Office of the Comptroller of the Currency, dives into the transformative potential of stablecoins in banking. He discusses how stablecoins could revolutionize real-time payments and reshape monetary policy while highlighting the implications of the 'Genius Act.' Calomiris addresses antitrust concerns, the future of U.S. government debt, and how these digital currencies might challenge the dollar's dominance. He envisions a more competitive banking landscape where loans and deposits are separated for enhanced economic stability.