Stablecoins and the international monetary system
Stablecoins have the potential to promote financial inclusion and bring efficiencies to payment systems. However, they also challenge the effectiveness of current supervisory frameworks and raise questions about the future of the international monetary system. Brent McIntosh, adjunct senior fellow for international economics and finance at the Council on Foreign Relations and between 2019-2021 under secretary of the US Treasury for international affairs, discusses the response of national authorities and multilateral institutions to the rise of stablecoins, their involvement in promoting or hampering innovative payment systems, the wider geopolitical implications, and the potential threat to the monetary hegemony of the US dollar.
Speaker:
Brent McIntosh, Adjunct Senior Fellow for International Economics and Finance, Council on Foreign Relations, Under Secretary for International Affairs, US Treasury (2017-2021)
Timings:
14:00-15:00 (London)
09:00-10:00 (New York)
This meeting will be conducted under the OMFIF Rules.
This virtual discussion is part of the OMFIF Digital Monetary Institute. OMFIF, the global central banking think tank, proudly announces the launch of the OMFIF Digital Monetary Institute on 5 May. The OMFIF Digital Monetary Institute creates a high-level college which convenes key policy-makers, technologists, financiers and regulators to explore the challenges, opportunities and implications of digital finance in the 2020s. See more information on OMFIF’s DMI here. Please contact julia.demidova@omfif.org directly for membership details or register your interest below and we’ll be in touch.
Registration for this event has closed.