2/4 One way to mitigate risks.
Stablecoin issuance must be conducted in a standalone chartered entity, separate from other insured depository institutions and other regulatory affiliates.
3/4 Stability, interoperability and separability are preliminary policy factors to consider in the architectural development. Other core values such as privacy, security and preventing illicit finance may also have architectural implications and warrant discussion. twitter.com/i/web/status/1…
4/4 The dollar is the reserve in real world and w/inertia that’s carrying over into the digital world. I don’t think that’ll last forever. What makes a currency influential?
It has to be trusted and used.