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Crypto News: Ripple XRP The Banks Are Coming In FULL FORCE



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7 Comments

  1. OORDINATING THE INTRODUCTION

    OF GLOBAL OFFICIAL-SECTOR

    STABLECOINS

    Carney (2019) has raised the question of whether a

    globally coordinated “systemic hegemonic currency”

    could dampen the spillover shocks associated with the

    dominance of the US dollar as a reserve currency. A

    systemic hegemonic currency could, for example, be

    a stablecoin backed by a basket of deposits at different central banks. It is possible that such a stablecoin

    could be valuable for cross-border payments, serving

    a function similar to that offered in the private sector

    by Ripple, a real-time gross settlement system, currency exchange, and remittance network whose digital

    currency, XRP, leapfrogs slow and expensive correspondent banking.

    The Group of Thirty

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