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Brian Brooks and Charles Calomiris: Stablecoins Can Keep the Dollar the World’s Reserve Currency
Blockchain-based assets could be to finance what Voice of America has been to U.S. diplomacy. Stablecoins, blockchain-based assets backed by bank deposits and Treasury securities, are at the heart of a dollar-based revolution happening throughout the developing world. Their price is supposed to stay steady, often at $1. Think of them as
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Posted: August 9, 2023 Wednesday 12:35 PM