BIS Bulletin #73: Stablecoins vs. Tokenized Deposits
We are discussing BIS Bulletin #73: "Stablecoins vs. Tokenized Deposits: Implications for the singleness of money" by Rodney Garratt and Hyun Song Shin (April 11, 2023) https://www.bis.org/publ/bisbull73.htm Do "digital bearer instruments" suffer some of the same weaknesses as 19th-century banknotes? Why or why not?