In today’s episode, Noelle Acheson and Izabella Kaminska discuss:
the overlooked business model, regulatory and jurisdictional significance of Sony’s trust charter
what does SWIFT’s blockchain platform actually change?
stablecoins included in monetary aggregates (per the Miran/Roubini/Ireland Hudson Bay paper: A Return to Monetarism)
and how stablecoins add to the money supply - Noelle dives into this CEPR paper by Claudio Borio, Piti Disyatat and Nikola Tarashev: Stablecoins and the exorbitant privilege of money creation
