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Stablecoins and CBDCs: Private Vs. Public Monetary Innovation

A Federal Reserve official praised stablecoins over CBDCs, yesterday. The debate cuts right to role of government in money.

Updated Sep 14, 2021, 1:18 p.m. Published Jun 29, 2021, 6:02 p.m.
Randal Quarles, vice chairman for supervision of the Federal Reserve Board.
Randal Quarles, vice chairman for supervision of the Federal Reserve Board.