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…