0 sats \ 0 replies \ @cointastical OP 5 Jan 2022 \ on: Should central bankers be afraid of crypto? bitcoin
Because they are pegged to central bank money, stablecoins effectively do the opposite: they extend central bank monetary policy power into blockchain environments. Stablecoins are therefore allies of the Fed and Bank of Canada policy makers, not enemies, in the same way that regular banks such as TD Bank or Wells Fargo are allies because they extend the range of central bank monetary policy into the regular economy.