Isabel Schnabel 🇪🇺🇺🇦

@Isabel_Schnabel

Executive Board of the European Central Bank, University of Bonn (on leave), #NieWiederIstJetzt

41 267Followers

2 726Following

6 940Posts total

14.9KViews on collected posts

Against accounts of the same size

18 posts from the last 90 days, next to the 10K–100K follower range. below its peers on both reach and engagement.

Median views220this account1 637median for 10K–100K

Reach, %0.53%this account5.01%median for 10K–100K

Engagement, %0.98%this account1.81%median for 10K–100K

Metric	This account	Median for 10K–100K	Ratio
Median views per post	220	1 637	0.13×
Reach (views ÷ followers)	0.53%	5.01%	0.11×
Engagement rate	0.98%	1.81%	0.55×

Others in this range → Compare with another account → How these benchmarks are built →

Growth & engagement

How the posts we collected actually performed: views and reaction rate post by post, what the audience did with them, and where the follower count goes.

Views per post

3K31 Aug

1.8K

236

203

198

179

169

166

150

163

512

533

67

105 Sep

Last 14 collected posts, oldest on the left. The scale is logarithmic: one post can outrun the rest a hundred times over.

Engagement rate per post

0.10%31 Aug

0.55%

0.42%

0.49%

1.52%

1.12%

1.18%

1.20%

1.33%

1.23%

0.39%

0.94%

0.00%

0.00%5 Sep

Reactions — likes, reposts, replies and quotes — divided by views. Median for 10K–100K accounts is 1.81%.

What the audience does

Likes53.5%84 in total

Reposts12.7%20 in total

Replies14.6%23 in total

Quotes1.3%2 in total

Bookmarks17.8%28 in total

Share of every reaction we collected for this account. Replies mean argument, reposts mean endorsement, bookmarks mean the post was worth keeping.

The follower curve appears once this account has two daily snapshots — we take one a day, and this one is on its first.

Latest posts

@Isabel_Schnabel The “free banking era” in the US was fragmented by state-legislated restrictions. No interstate branching allowed. Varying collateral requirements. Not a good analog to unrestricted stablecoins. 10 views · 0 likes · 0 reposts · 0 replies 05 Sep 2026 @Isabel_Schnabel Spoiler: tokenised markets need tokenised central bank liabilities. The rest is secured lending. 67 views · 0 likes · 0 reposts · 0 replies 31 Aug 2026 Taken together, there is a strong case for central banks going on-chain, tokenising central bank money and modernising policy implementation. This is where the ECB is heading with its Pontes and Appia projects, paving Europe’s path towards a tokenised financial system. 16/16 533 views · 4 likes · 1 reposts · 0 replies 31 Aug 2026 The greater the interoperability across platforms and environments, the lower the risk of fragmentation – and the weaker the case for shifting to a single, fully integrated platform. 15/16 512 views · 0 likes · 0 reposts · 2 replies 31 Aug 2026 But #ProjectPontes will also feature a Eurosystem-operated DLT platform for settling DLT transactions in central bank money. So, Pontes will bring native tokenisation and programmability onto the Eurosystem’s own platform. 14/16 https://t.co/4L8yBuF3bM 163 views · 1 likes · 0 reposts · 1 replies 31 Aug 2026 #ProjectAppia is exploring different architectural choices to inform the further development of the Eurosystem’s #ProjectPontes, which already connects TARGET Services with market DLT platforms. 13/16 150 views · 1 likes · 0 reposts · 1 replies 31 Aug 2026 If central bank reserves reside on the same ledger as financial assets, settlement can be strictly atomic and programmability can be enhanced. A single unified ledger could replicate the two-tier monetary system. 12/16 https://t.co/m6f1W9FibI 166 views · 1 likes · 0 reposts · 1 replies 31 Aug 2026 This is essential as tokenisation changes the speed at which liquidity needs can propagate through the system, implying that central banks need to supply liquidity faster. This speaks in favour of making central bank money itself a native programmable asset. 10/16 169 views · 1 likes · 0 reposts · 1 replies 31 Aug 2026 Tokenised reserves could be issued in different ways: on a single unified European ledger, on a Eurosystem ledger with tokenised reserves that is connected to private DLT networks, or within an ecosystem of multiple interconnected ledgers. 11/16 https://t.co/mq5v61UvJq 179 views · 0 likes · 0 reposts · 2 replies 31 Aug 2026 Only if the central bank issues tokenised reserves itself, it can conduct monetary policy operations natively on the DLT platform, using smart contracts, making monetary policy implementation more efficient. 9/16 198 views · 1 likes · 1 reposts · 1 replies 31 Aug 2026 In the third model, banks transfer reserves into an “omnibus account” of a private intermediary at the central bank, against which tokens are issued on DLT platforms. The settlement asset’s value then depends on the soundness of the intermediary. 8/16 https://t.co/ZBoEmK8isf 203 views · 0 likes · 0 reposts · 1 replies 31 Aug 2026 Tokenised central bank money can be made available in three ways: (1) issuing tokenised reserves natively on-chain, (2) linking current payment systems to ledgers, and (3) having a private intermediary tokenise reserves on behalf of the central bank. 7/16 https://t.co/qtAJhcRA3s 236 views · 0 likes · 0 reposts · 1 replies 31 Aug 2026 This is why banks today settle claims on one another using central bank reserves that do not carry credit or liquidity risk. Stablecoins cannot play that role as their supply cannot expand elastically, which could contribute to financial instability, as suggested by history. 6/16 1.8K views · 4 likes · 1 reposts · 4 replies 31 Aug 2026 This architecture emerged because it helped to solve coordination, trust and stability problems. The free banking era in the United States resulted in a fragmented monetary system in which notes issued by state-chartered banks at times traded at discounts as high as 60%. 5/16 ht 3K views · 0 likes · 0 reposts · 2 replies 31 Aug 2026 In order to unlock the benefits of tokenisation, one needs a trusted settlement asset. Modern fiat monetary systems are built on a two-tier structure where central banks issue central bank money, while commercial banks issue money-like claims that circulate at par. 4/16 https://t 261 views · 1 likes · 0 reposts · 1 replies 31 Aug 2026 In the euro area, tokenisation presents an opportunity to foster integration of its highly fragmented financial infrastructure, in line with the objectives of the European savings and investments union. 3/16 https://t.co/7T44d1VvBe 775 views · 5 likes · 1 reposts · 2 replies 31 Aug 2026 Tokenisation in wholesale finance has emerged as one of the most promising applications of distributed ledger technology, with two key benefits: atomicity, eliminating settlement risk, and programmability, allowing for conditional settlement. 2/16 https://t.co/zEsxELMGTO 641 views · 10 likes · 3 reposts · 1 replies 31 Aug 2026 At this year’s #JacksonHoleSymposium, I had the pleasure to discuss Darrell Duffie’s paper, which analyses the benefits of tokenisation in financial markets and different ways of how to introduce a safe settlement asset in a tokenised environment. 1/16 https://t.co/DfjqsMiIlV 5.9K views · 55 likes · 13 reposts · 2 replies 31 Aug 2026

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