The IMF's Manmohan Singh: "backing stablecoins with reserves and granting them access to Fed master accounts are just a couple of ways to make the payment system quicker and more efficient."
Conversation
Replying to
If a USD stablecoin issuer doesn't have the money to deposit in a Fed Master account, perhaps it should find another line of business! (We are of course talking about fully asset-backed stablecoins here.)
2
1
Show replies
Read the full interview transcript and find out!
2
Wut … most of the world has already figured out real-time payments without cryptomagic
3
1
12
This Tweet was deleted by the Tweet author. Learn more
Part of the deal for a USD stablecoin issuer to get Fed Master account access would be to submit to robust Fed regulation/supervision. If they don’t like that deal they can park their funds elsewhere.
1
1
1
Show replies
our metapets project is on its way to be above and beyond everything open the simplest example look, it has always been on the day
#Shiba #BSCgems #100xgem #Finalissima
TG t.me/metapets
Show additional replies, including those that may contain offensive content
Show