The Fed and the ECB are getting backed into a corner on digital currencies (Premium)

Central banks are now forced to take stablecoins, or Central Bank Digital Currencies, seriously. The impetus for this is Facebook’s Libra project, but other initiatives are taking on lives of their own. Can the Federal Reserve and the European Central Bank (ECB) sit idle as the People’s Bank of China (PBOC) gears up and market participants themselves expect global stablecoin adoption?
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