The headline is our summary of a longer question about stablecoins raised by Agustín Carstens, the General Manager of the Bank for International Settlements (BIS) during a BIS conference in Mexico last week.
Following a panel entitled, “Is there a role for cryptocurrencies?”, Mr Carstens posed the question to Berkeley academic Christine Parlour:
“Do you think that a lot of the traction that crypto is gathering has to do with the fact that traditional finance and traditional money has not evolved at the speed of technology and responded to what people need?
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