CBDCs may need to replace stablecoins – Treasury committee
US advisory body calls for creation of unified ledgers under central bank auspices
Central bank digital currencies (CBDCs) “will likely need to replace stablecoins” as the foundation for tokenised transactions, according to the US Treasury Borrowing Advisory Committee.
In a presentation to the Department of the Treasury on October 30, the committee said there was a need for a unified ledger, “or at least a highly interoperable set of integrated ledgers that work together seamlessly”, to fulfil the tokenisation potential of legacy assets such as Treasuries.
“These ledgers will
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