Descrição do livro
Stablecoin design matters! Policymakers care about defending their currency and expanding credit in their country. Customers and users care about the true stability and liquidity. They will love the consumer protections that make a well-designed stablecoin superior to Zelle. Community banks can actually increase their deposits by participating in a deposit-backed stablecoin.
This third edition addresses the GENIUS Act and explains how that law's requirements are all met by a stablecoin design as recommended in this book. This third edition also explains deposit tokens, their value proposition, and their shortcomings, especially for community banks. It discusses the "stablecoin trilemma" and how to optimize the tradeoffs in designing a stablecoin. The book talks about how to structure a sponsor and a token for bankruptcy remoteness to ensure credibility in the market and to protect user funds.
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