New York Fed Researchers: Stablecoins Are Not the Future of Payments February 8 News, researchers at the Federal Reserve Bank of New York said in a paper published Monday that stablecoins are not paid for

New York Fed Researchers: Stablecoins Are Not the Future of Payments February 8, researchers at the Federal Reserve Bank of New York said in a paper published Monday that stablecoins are not the future of payments, and tokenized deposits are a better option. The researchers were rod Garratt, a professor of economics at the University of California, Santa Barbara, Michael Lee and Antoine Martin, members of the New York Fed's research and statistics team, and Joseph Torregrossa of the law group. They argue that stablecoins are not the best way to transfer funds if distributed ledger technology (DLT) is integrated into traditional finance. "Stablecoins bundled with secure and current assets mean they cannot be used for other purposes, such as helping banks meet regulatory requirements to maintain adequate liquidity," the report reads. The paper argues that tokenized deposits are a better way to pay, and while some practical details need to be worked out, the principle behind it is simple. Bank depositors will be able to convert their deposits into digital assets (tokenized deposits) that can circulate on the DLT platform. These tokenized deposits will represent claims against depositors' commercial banks, just like ordinary deposits. (CoinDesk) #比特币 [super talk] #