stablecoin | Bruegel

Policy Contribution

The next generation of digital currencies: in search of stability

Recent developments have re-opened the debate on the future of money. This Policy Contribution discusses two aspects: the implications of the rise of global private stablecoins, such as Facebook's Libra, and the role that public central bank digital currencies could play.

By: Grégory Claeys, Maria Demertzis and Bruegel Topic: Banking and capital markets, European Parliament, Testimonies Date: December 2, 2019

Blog Post

Libra: possible risks in Facebook's pursuit of a 'stablecoin'

Facebook’s new cryptocurrency has the potential to be both widely accessible and attractive to those countries that do not have strong sovereign currencies. So far regulators have treated such currencies as a minor risk to national economics, but the Libra could change everything.

By: Maria Demertzis, Jan Mazza and Bruegel Topic: Banking and capital markets Date: July 17, 2019