NY Fed On Stablecoins

The Future of Payments Is Not Stablecoins

Rod Garratt, Michael Lee, Antoine Martin, and Joseph Torregrossa

To Sum Up

The emergence of DLTs has led to a proliferation of new types of money, such as stablecoins, and other types of financial instruments, as in decentralized finance. In this post, we argue that if DLT platforms are the transfer mechanism of th…