Public and Private Digital Currencies
summary
Private stablecoins process nearly $3 trillion in H1 2021 and projects like USDC claim one-to-one backing with cash and short-term treasuries while Stablecorp readies a bank‑issued vCADs and Bitt deploys CBDC pilots in Belize. Atlantic Council tracking shows 90 countries exploring CBDC and multiple pilots. Debates center on PWG proposals to limit issuers to insured depository institutions, tiered wallet privacy designs and zero‑knowledge proofs for selective disclosure, and whether interoperability and regulatory clarity actually reduce runs and systemic risk.
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chapters (16)
- 0:00Intro
- 0:20Topic Overview
- 3:20Alex
- 3:58Dante
- 4:32Josh Lipsch
- 5:28Simon Chantry
- 6:27The Debate
- 7:57Innovation is best left to the private sector
- 12:30Responding to Alex
- 18:40Simons Response
- 26:10Debunking Myths
- 30:27Stable Coins
- 32:47Insurance
- 37:22Stable Coins and CBDCs
- 39:57Open Source Innovation
- 43:39Final Thoughts
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