A Better Way Forward for CBDCs, Stablecoins?
Tim Massad, former chairman of the CFTC, tackles the challenges in designing a U.S. central bank digital currency, including how not to disintermediate banks—and why policymakers need to accelerate their discussions. He also offers his take on recommendations for stablecoin supervision, and where regulators may have gotten it wrong in their recent report on the subject.
