Another another thought, a different perspective from the eminently more practical and coherent Swiss National Bank for a parallel universe vision of what Europe could look like if it didn't succumb to Jupiterian statism and command economy instincts, but just let people live their lives and protected individual sovereignty:
"Bitcoin, Stablecoins and CBDCs: Can they coexist in the future financial system?" (answer: yes)
Another thought, if of interest, a comparison of different stablecoin business models that demystifies them and shows they are not much different to modern banking business models except with faster netting. It's ok to let the private sector innovate and stablecoins are what happens when there is a niche in which regulatory capture has not yet created barriers to entry. Disheartening of course to see the EU lunge to raise them in favor of incumbent GSIBs and to no particular benefit to the European consumer or the euro for that matter
Another another thought, a different perspective from the eminently more practical and coherent Swiss National Bank for a parallel universe vision of what Europe could look like if it didn't succumb to Jupiterian statism and command economy instincts, but just let people live their lives and protected individual sovereignty:
"Bitcoin, Stablecoins and CBDCs: Can they coexist in the future financial system?" (answer: yes)
https://www.youtube.com/watch?v=BsRjfUfSijE
In the eurozone, while people may pay with USD stablecoins (if both parties agree to this), prices must still be quoted in euros, no?
Another thought, if of interest, a comparison of different stablecoin business models that demystifies them and shows they are not much different to modern banking business models except with faster netting. It's ok to let the private sector innovate and stablecoins are what happens when there is a niche in which regulatory capture has not yet created barriers to entry. Disheartening of course to see the EU lunge to raise them in favor of incumbent GSIBs and to no particular benefit to the European consumer or the euro for that matter
https://kitchen.steakhouse.financial/p/the-color-of-money
Ask an EU or member state bureaucrat to not try commanding the economy and just let people transact challenge impossible