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Stablecoins: Current and Future Utility for Banks

Stablecoins: Current and Future Utility for Banks

This session covers the trends and outlines the differences between the three monies, with a particular focus on how banks are already using stablecoins. (Rec. 12/15/21)

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Webinar Description

Recorded: December 15, 2021     

Cryptocurrency...CBDC...Stablecoin...What are the differences between these digital currencies? What are the advantages and drawbacks of each, and should we welcome the eventual launch of bank-issued digital currencies? The differences between digital currency types are critical and, as we progress toward ever-greater integration of all types into the global economy, we must have a deeper understanding of any potential future institutional interactions with blockchain technology.

Stablecoins in particular are becoming increasingly more adopted and utilized by financial institutions for payments settlements and high interest savings. In the US, this increased adoption led to the President’s Working Group (PWG) releasing the ""Report on Stablecoins"" in November 2021, which urged Congress to draft and pass a new federal legislation to address the concerns and recommendations outlined in the report. This includes subjecting stablecoins to many of the same rules as banks. In response, US Federal Reserve Board Governor Christopher Waller openly disagreed with some of the recommendations made in the PWG report, as well as the idea that the US needs to create its own government-backed CBDC. Cryptocurrency only continues to grow in popularity and adoption, and with approximately $4.3 trillion in transactions in 2020, it does not show signs of slowing down. This session covers the trends and outlines the differences between the three monies, with a particular focus on how banks are already using stablecoins.

  • Your registration includes:
  • A copy of the presentation materials
  • Unlimited video replay

 

Refund Policy:

If you will have any issues with attending the simulcast, we offer a No Questions Asked Refund Policy any time before the start of a live simulcast.

 

CBANC Complaint Policy:

The goal of CBANC Education is to provide quality educational content and excellent service to our users.  If you have any questions or concerns regarding the quality of our content or service, please contact us at support@cbancnetwork.com.

Webinar Description

Recorded: December 15, 2021     

Cryptocurrency...CBDC...Stablecoin...What are the differences between these digital currencies? What are the advantages and drawbacks of each, and should we welcome the eventual launch of bank-issued digital currencies? The differences between digital currency types are critical and, as we progress toward ever-greater integration of all types into the global economy, we must have a deeper understanding of any potential future institutional interactions with blockchain technology.

Stablecoins in particular are becoming increasingly more adopted and utilized by financial institutions for payments settlements and high interest savings. In the US, this increased adoption led to the President’s Working Group (PWG) releasing the ""Report on Stablecoins"" in November 2021, which urged Congress to draft and pass a new federal legislation to address the concerns and recommendations outlined in the report. This includes subjecting stablecoins to many of the same rules as banks. In response, US Federal Reserve Board Governor Christopher Waller openly disagreed with some of the recommendations made in the PWG report, as well as the idea that the US needs to create its own government-backed CBDC. Cryptocurrency only continues to grow in popularity and adoption, and with approximately $4.3 trillion in transactions in 2020, it does not show signs of slowing down. This session covers the trends and outlines the differences between the three monies, with a particular focus on how banks are already using stablecoins.

  • Your registration includes:
  • A copy of the presentation materials
  • Unlimited video replay

 

Refund Policy:

If you will have any issues with attending the simulcast, we offer a No Questions Asked Refund Policy any time before the start of a live simulcast.

 

CBANC Complaint Policy:

The goal of CBANC Education is to provide quality educational content and excellent service to our users.  If you have any questions or concerns regarding the quality of our content or service, please contact us at support@cbancnetwork.com.