Cornell's Eswar Prasad says stablecoins are reinforcing dollar dominance, not threatening it

Cornell's Eswar Prasad says stablecoins are reinforcing dollar dominance, not threatening it

Stablecoins' reinforcement of dollar dominance could accelerate dollarization in emerging markets, challenging local currencies and CBDCs. The post Cornell’s Eswar Prasad says stablecoins are reinforcing dollar dominance, not threatening it appeared first on Crypto Briefing.

Kansas City Fed: Dollar Stablecoins Could Reinforce U.S. Currency Dominance

BitcoinWorld Kansas City Fed: Dollar Stablecoins Could Reinforce U.S. Currency Dominance A new report from the Federal Reserve Bank of Kansas City argues that dollar-pegged stablecoins are more likely to strengthen the U.S. dollar’s global position than to undermine it. The analysis, authored by Circle executive Gordon Liao, Cornell University economist Eswar Prasad, and economist Tony Zhang, points to the dominant role of dollar-based stablecoi…