Fiat Freeway: The Two Sides of Stablecoins, Cross-Border Freedom, and the Very First Stablecoin?
- ‘Fiat Freeway’ is a weekly column providing the latest updates on central bank digital currencies (CBDCs) and stablecoins.
- This week’s column focuses on stablecoins, which have seen a 304% increase in total supply year-to-date (YTD).
- Before digging into the latest stablecoin content, we look at other’s definitions of stablecoins and then share our own.
- Content reviewed includes an ECB Board Member’s stablecoin speech in Frankfurt, Circle’s blog post on using stablecoins for US foreign policy, and a BIS paper on “rigid stablecoins” from the late Bank of Amsterdam.
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Author: Mike Rogers