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#QOTD -- #Stablecoins

Today's speech by Federal Reserve Governor Brainard in Germany at an ECB Colloquium illustrates how much credibility cryptocurrencies and stablecoins have gained with policymakers since the start of 2019.

Policymakers are now raising the possibility that these payment tokens could generate "dollarization" effects in small economies....just as we suggested last summer when we first evaluated the Libra proposal (read our analysis published in Medium's AltCoin magazine HERE).

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