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Diem's Chief Economist: Diem is Intended to be a Stand-in for CBDCs
Summary: Chief economist Christian Catalini said that the Facebook stablecoin project Diem is intended to be a stand-in for CBDCs. According to Catalini, the main goal of the Diem Association is to build a cross-border payment structure around it to build a trustworthy market. Ultimately, the goal seems to be to replace the Diem stablecoin with ...
Chief economist Christian Catalini said that the Facebook stablecoin project Diem is intended to be a stand-in for CBDCs. According to Catalini, the main goal of the Diem Association is to build a cross-border payment structure around it to build a trustworthy market. Ultimately, the goal seems to be to replace the Diem stablecoin with CBDC in the system.
Diem sees the cooperation with the central bank as a future expansion of the network as a transitional measure until the launch of CBDC. Before the launch of these CBDCs, the Diem stablecoin will become a means of payment.
By Amy Liu
Tags: CBDC,Christian Catalini,Diem
Link: Diem's Chief Economist: Diem is Intended to be a Stand-in for CBDCs [Copy]
