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Single-minded? Rethinking our approach to the ‘singleness of money’ could help to reap the benefits of stablecoins

A new paper on stablecoins and the singlness of money discussing:

  • How different forms of money have evolved over time;
  • How singleness is defined, its history, and the distinction between singleness in theory and in practice;
  • The implications that the interplay of stablecoins and traditional forms of money may have for singleness, including the nature of stablecoins;
  • The implications for the integration of stablecoins into the financial services ecosystem;
  • The mechanisms by which singleness in practice is currently achieved today; and
  • Recommendations for the role of policy in preserving
  • singleness.

Press date : 23.01.2025