Building a CBDC
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@yamara.bsky.social i wanted to say that I am a big fan of the set-up of Continuum.
Wishing you the best in your ventures
@yamara.bsky.social i wanted to say that I am a big fan of the set-up of Continuum.
Wishing you the best in your ventures
As you said, this requires some minimum holding and positive interest rates to work
As you said, this requires some minimum holding and positive interest rates to work
Shared some thoughts on the prior version here.
Precious « full backing by CBs unremunerated CB reserve » is china approach to systemic emoney issuers (Alipay and WeChat pay).
HOWEVER this work because WeChat pay and Alipay charge merchants +-0.6% on transaction fees.
If you look closely they speak of systemic stablecoin for payment systems
Principle 9 of the PFMIs recommends settlement in central bank money and if not possible, second best is money backed by central bank money
Shared some thoughts on the prior version here.
Precious « full backing by CBs unremunerated CB reserve » is china approach to systemic emoney issuers (Alipay and WeChat pay).
HOWEVER this work because WeChat pay and Alipay charge merchants +-0.6% on transaction fees.