Diem, most typically associated with Facebook, is being pitched as a counterweight to DCEP. This is the start of a big conversation. The systemic implications extend to crypto, CBDC and USD as well.
I'm thrilled that CH gave me an introduction to you and so your newsletter.
Great articles on CBDCs (and Diem as a proxy).
DCEP, a market event with so many implications.
If no Western central bank is ready with an alternative and Diem stands in place, it is time to consider all the ways that "my" market expands to the entirety of the FB (monthly) user base, becoming an economic block orders of magnitude larger than simply the contiguous USA.
This an outstanding piece Grant, thanks
So, interesting.
I'm thrilled that CH gave me an introduction to you and so your newsletter.
Great articles on CBDCs (and Diem as a proxy).
DCEP, a market event with so many implications.
If no Western central bank is ready with an alternative and Diem stands in place, it is time to consider all the ways that "my" market expands to the entirety of the FB (monthly) user base, becoming an economic block orders of magnitude larger than simply the contiguous USA.