Long Take: Role of Central Banks in DeFi, Stablecoins, and the Web3 economy

A discussion hosted by the BIS Innovation Hub bringing together DeFi and Central bank agendas

Gm Fintech Architects —

Today we are diving into the following topics:

• Summary: In this analysis, we describe the conversation at a DeFi conference hosted by the BIS Innovation Hub that we attended. In particular, we list the most impactful ideas from its 4 panels, and highlight our own contribution. Those focus on correcting the mis-framing of payments and investment cash as the same thing in the context of CBDCs and stablecoins, as well as the shifting importance of the Web3 economy relative to the DeFi sector that supports it.

• Topics: CBDC, stablecoins, DeFi, Web3, scalability, central banking, macro economics, narrow banking

• Tags: Liquity, Curve.fi, Ethereum, Circle, Tether, USDC, DAI, PIX, Polygon, Bank of International Settlements, Swiss National Bank, FCA, HM Treasury

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