Chapter 1
The magic trick of the steady dollar
Chapter 2
The global rescue line
Chapter 3
The giant digital vault
Chapter 4
The future of digital wallets
Ch 4 · The future of digital wallets
nic Europe's MiCA rules and the US GENIUS Act require stablecoin issuers to hold safe reserves and undergo regular independent audits.
Quiz
What is the main goal of new government regulations like the US GENIUS Act regarding stablecoins?
Quiz
What is the name of Europe's comprehensive regulatory framework for crypto-assets, which went into effect to govern stablecoins?
nic Central banks issue these official digital tokens directly to rival private stablecoins.
Quiz
What does the acronym 'CBDC' stand for in the context of future government-backed digital money?
Fun Fact
Digital cash race: Over 130 countries, representing 98% of global GDP, are currently exploring or developing their own official central bank digital currencies.
Quiz
What feature of physical paper cash is hardest to replicate in a fully digital currency system?
Quiz
Why do privacy advocates worry about the transition from physical cash to government-run digital currencies?