Why is the dominance of US dollar denominated stablecoins a risk for other nations?
Replied byCoen Jonker
Founder & CEO at Tyme Group
Niche: Finance
Revenue: Not Publicly Disclosed/month
Location: Singapore
Started: 2012
US dollar stablecoins have become a new way for the Federal Reserve to channel liquidity into the dollar, which threatens currency sovereignty. We should think about this risk more smartly. We need more private sector development of stablecoins denominated in trustworthy currencies like the Singapore dollar or Euro.
0
From the Full Interview
This answer is part of a full interview with Coen Jonker, Founder & CEO at Tyme Group.
Share this Answer
Found this insight valuable? Share it with your network to help others learn from Coen Jonker's experience.
Cite This Answer
Use this answer in your research, article, or academic work
Related Answers
How are stablecoins and artificial intelligence shaping your expansion strategy?
By Coen Jonker
Finance
Not Publicly Disclosed/mo
How should public market investors approach trillion dollar private valuations like SpaceX and OpenAI?
By Bill Ackman
Finance
Not Publicly Disclosed/mo
Why do some startups hold onto corporate risk rather than purchasing insurance?
By Emily Yuan
Finance
Approx. $3.3 Million/mo
What is the role of stablecoins in global financial transactions?
By Mike Novogratz
Finance
Not Publicly Disclosed/mo
How did your upbringing in a large military family influence your risk tolerance?
By Mike Novogratz
Finance
Not Publicly Disclosed/mo
Beyond efficiency, what other benefits does AI provide?
By Chris Aiken
Finance
/mo
How do you manage risk for investors?
By Pärtel Tomberg
Finance
$1M+/mo