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Joined June 2019
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Diem Association retweeted
1/13 Four years ago we came together as the founding team of ≋Libra to use crypto to democratize access to the financial system. As the last person from the original ≋ founding team involved in this phase of Diem, here are some personal thoughts and reflections on the journey.
Diem Association retweeted
1/ Following yesterday's @SenateBanking hearing on #stablecoins, here's a summary of the opportunities and challenges (w/@alonsodegortari & @theshah39): papers.ssrn.com/sol3/papers.…
Diem Association retweeted
1/ What should stablecoin reserves look like? The President's Working Group solution limits innovation to incumbents. With the amazing @theshah39 we offer a solution that can protect consumer and financial stability without stifling competition and innovation!
Diem Association retweeted
1/13 "For competition to thrive, a truly interoperable payment system is needed [...] Today, consumers and merchants are locked into "walled gardens". Moving money between banks is expensive, and moving it between digital wallets is often impossible."
Diem Association retweeted
Which are the opportunities and challenges for CBDC, and how should CBDC and Stablecoins be designed?
We will explore these questions and more in tomorrow's Meeting bit.ly/3Ce27qX at 5:45 PM (BST) with @HesterPeirce,@ccatalini,@natacha_valla,
@fnality,@jonnyfry175
Diem Association retweeted
It's time to knock down the walled gardens of the payments system.
My take with @ccatalini in @AmerBanker: americanbanker.com/opinion/i…
Diem Association retweeted
#Stablecoins are #cryptocurrencies designed to trade at par with a reference asset, typically the #USD.
@ccatalini @DiemAssociation & @alonsodegortari @Princeton surface the dimensions that underpin the economic design of stablecoins:
spkl.io/60184O1Ao
#EconoTw #Crypto
Diem Association retweeted
Looking forward to discussing robust stablecoin design and how Diem can contribute to financial inclusion, competition, and innovation in payments and financial services at the Digital Euro Summit @bitkom_block @bitkom_finance bitkom.org/EN/Topics/Digital…
Diem Association retweeted
1/6 Three non-mutually exclusive paths to "upgrading" money to achieve more competition, inclusion and innovation in financial services: (1) True Stablecoins, (2) Deposit (Stable)coins, (3) CBDCs on multiple rails hbr.org/2021/08/stablecoins-…
Diem Association retweeted
While the pros and cons of stablecoins may be debatable, their rise isn’t. hbr.org/2021/08/stablecoins-…
Diem Association retweeted
What would it take to make stablecoins... actually stable? w/@alonsodegortari papers.ssrn.com/sol3/papers.…
Diem Association retweeted
1/8 The word stablecoin has become somewhat of a misnomer, as it is currently being used for a range of coins with drastically different economic properties. We discuss robust economic design w/@alonsodegortari: papers.ssrn.com/sol3/papers.…
Diem Association retweeted
What would it take to make stablecoins... actually stable? w/@alonsodegortari. Plus talks by @DuffieDarrell, @glenweyl, Civelli, Schilling, Veneris... @ Workshop on Distributed Ledger & Economics organized by @silviomicali & J. Chen @SBUeconomics youtube.com/watch?v=Imh3W-AH…
Diem Association retweeted
1/4 Why is the United States Lagging Behind in Payments? With @andrewlilley_au, we argue that while the US plays a key role in the global financial system, its payments system lags behind the global frontier. papers.ssrn.com/sol3/papers.…
Diem Association retweeted
"The goal of private money is to be accepted at par with no questions asked" - while Gorton and Zhang's WP gets some of the facts about #stablecoins wrong, their solutions are very consistent with how we've been designing Diem all along, including replacing ≋USD with a CBDC.
Diem Association retweeted
Diem’s changing role was described at Mediobanca’s 1° RegEvent by @ccatalini, Diem's Chief Economist: a new vision for digital currencies, a potential partner of Central Banks. youtu.be/3mo2FA6IFro
Diem Association retweeted
Diem is designed to complement public sector innovation in payments and CBDCs, increase competition in payments, and reduce costs and frictions for consumers and businesses @DiemAssociation youtube.com/watch?v=3mo2FA6I…
Diem Association retweeted
Diem says it will ‘fade out’ stablecoin if Fed issues CBDC centralbanking.com/7838461
Diem Association retweeted
Lifting stablecoins' quality standards for consumer protection, financial stability and compliance will require a public-private partnership. Which is why we've committed to phasing out ≋USD when a CBDC becomes available @DiemAssociation @Luohan_Academy youtu.be/iesRiLdQsic?t=80
Diem Association retweeted
Diem is a public-private project, said @ccatalini @DiemAssociation.
"We are the only issuer of a stablecoin, to my knowledge, that committed publicly to phasing out our own token and replacing it with a CBDC token."
#Consensus2021
@baidakova reports
trib.al/UNzC7eh