Very short update on the basic differences for the non-payment geeks
The three core constructs of digital value —CBDCs, Stablecoins, and Tokenized Deposits—represent have various degrees of support from banks, central banks, businesses and regulators. Each has different risk and control points.
Continue readingAs a Banker, Founder and Payment Historian who has spent too long watching icebergs melt, I’ve seen many technologies promise to upend the banking industry. Most have been evolutionary, not revolutionary. But the advent of digital dollars, particularly consumer-facing stablecoins, are unique. Payments are the core of retail banking and profitability. Payments are a networked business, not just in card but in every consortium and association. As I outlined in The Power of Bank Networks, these networks are the engines that drive economies and how banks connect to the environment. For my colleagues in banking and payments, understanding how (or if) stablecoins impact payments is very important.