Tag: Treasury-backed digital instruments
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Treasury-Backed Digital Instruments: The New Foundation of Programmable Finance
The most important development in digital finance may not be Bitcoin, meme coins or even central bank digital currencies. It may be something far more conventional: U.S. Treasury securities moving onto digital rails. A new financial architecture is emerging in which Treasury bills, Treasury-backed money market funds and stablecoin reserves are becoming the collateral foundation…
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Beyond Banks: Dan Awrey’s Blueprint for the Future of U.S. Payments in a Digital World
The next monetary revolution may not be about replacing the dollar. It may be about rebuilding the infrastructure that moves it. For years, the debate over digital money has been framed as a contest between banks and cryptocurrency, the Federal Reserve and stablecoins, or the dollar and some future central bank digital currency. Cornell Law…