Manmohan Singh

In this discussion, Manmohan Singh, a former IMF official and expert in financial markets, explores whether money still matters in today's economy. He examines the implications of the GENIUS Act on stablecoins and their regulation, revealing how it could reshape the financial landscape. Singh delves into the role of stablecoins in the Eurodollar market, shares insights on collateral shortages, and debates the future of banks versus fintechs. He also discusses how stablecoins might challenge central banks' control over money and the potential impacts on emerging markets.