I'd love to see a government experiment with having its central bank issue a dollar-backed stablecoin.
I mean, fundamentally the issue is that the rise in digital payments puts most of the money supply in bank ledgers... if the money supply was on a public ledger, individuals could still deposit it with a bank, but they could also send it peer-to-peer if they so chose.
I mean, fundamentally the issue is that the rise in digital payments puts most of the money supply in bank ledgers... if the money supply was on a public ledger, individuals could still deposit it with a bank, but they could also send it peer-to-peer if they so chose.