How to insure against the risk of stablecoin runs
by Ezechiel Copic on May 26, 2022 10:28:01 AM
Deposit insurance would boost consumer confidence The news that TerraUSD, one of the largest algorithmic stablecoins with a market cap once above $18bn, broke its peg to the dollar has reverberated throughout financial markets. Although the variety of mechanics behind algorithmic stab …
It’s time to abandon the “Token vs. Account” discussion
by Ezechiel Copic on Mar 9, 2022 10:15:00 AM
Perusing any whitepaper or report on central bank digital currencies (CBDCs), the reader is almost certain to find a section devoted to the distinction between “token-based” and “account-based” CBDC, where ownership of the former is demonstrated by having knowledge of a private key (o …