November 22, 2019, 3:04PM EST
• 6 min read

Everyone's got stablecoins on the brain

Quick Take

  • Some thoughts on central bank digital currencies
  • We’ve talked about this in a few Interchange columns this year, but I continue to think it’s important to look at the notice the Fed issued on pass-through-investment-entities (PTIEs) to understand why the central bank is still reluctant to even consider a retail-focused CBDC
  • In my view, as long as the Fed maintains this position, the idea of a retail-focused central bank digital currency (CBDC) is simply a non-starter; following the the same line of reasoning as opposing narrow banking at the Fed level

Join The Block Research for exclusive research like this

Gain access to this research piece and 100s of others, including ecosystem maps, company profiles, and topics spanning DeFi, CBDCs, banking and markets. Together with additional services, we help organizations understand what’s happening in the rapidly developing digital asset ecosystem.

Already a Research Member? Login Here