CBDCs may need to replace stablecoins – Treasury committee

US advisory body calls for creation of unified ledgers under central bank auspices

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Central bank digital currencies (CBDCs) “will likely need to replace stablecoins” as the foundation for tokenised transactions, according to the US Treasury Borrowing Advisory Committee.

In a presentation to the Department of the Treasury on October 30, the committee said there was a need for a unified ledger, “or at least a highly interoperable set of integrated ledgers that work together seamlessly”, to fulfil the tokenisation potential of legacy assets such as Treasuries.

“These ledgers will

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