Isabel Schnabel 🇪🇺🇺🇦 @Isabel_Schnabel · 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 https://t.co/1pA36nUM5P
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