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Former US Secretary of the Treasury on Global Digital Currency

CEO of crypto financial services firm behind the USD Coin (USDC) stablecoin, Circle, Jeremy Allaire, and Lawrence H. Summers, Charles W. Eliot University Professor & President Emeritus at Harvard, Former US Secretary of the Treasury for President Clinton, discuss the current global economic landscape, recent shifts in monetary policy and central banking based on the global economic crisis, including a discussion on the structural and systemic political and economic risks that exist in the current dollar-driven Western fiat banking system. Read More

The two also discuss the current global economic landscape, recent shifts in monetary policy and central banking based on the global economic crisis, including a discussion on the structural and systemic political and economic risks that exist in the current dollar-driven Western fiat banking system.

Allaire and Summers also talk about the rise of digital currency, including global stablecoins, and the potential they offer for changes in not just how payments and value exchange takes place, but ultimately on the prospects for a new post-Bretton Woods international monetary system anchored in synthetic digital currencies, including how such as global digital currency system might begin to reconcile the growing polarisation between Western economies and China.

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