Central banks must respond to challenges of digital innovation – panel
Central Banking Autumn Meetings panel looks at how stablecoins, CBDCs and AI are shaping decision-making
Stablecoins came under focus at a panel concerning the future of money at the Central Banking Autumn Meetings in Rio de Janeiro on November 19.
“The elephant in the room is stablecoins,” said one panellist. “Stablecoins are getting more and more important.” They added that the Guiding and Establishing National Innovation for US Stablecoins (Genius) Act, and other regulations passed around the world, had made banks more willing to participate in the market because it had become more formalised.
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