cbdc:public:cbdc_omg:04_doc:20_comments:dsn:q17:start
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cbdc:public:cbdc_omg:04_doc:20_comments:dsn:q17:start [2022/05/16 22:08] nick |
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| | [[cbdc:public:cbdc_omg:04_doc:20_comments:dsn:start| Return to Design Considerations ]] | <WRAP> | | [[cbdc:public:cbdc_omg:04_doc:20_comments:dsn:start| Return to Design Considerations ]] | <WRAP> | ||
| <html><b> | <html><b> | ||
| - | <a href="mailto:[email protected]?Subject=OMG CBDC Response: | + | <a href="mailto:[email protected]?Subject=OMG's CBDC WG Response: |
| Question: 17. What types of firms should serve as intermediaries for CBDC? What should be the role and regulatory structure for these intermediaries? | Question: 17. What types of firms should serve as intermediaries for CBDC? What should be the role and regulatory structure for these intermediaries? | ||
| ">Provide Feedback</a></b> | ">Provide Feedback</a></b> | ||
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| <figure simpleCbdcFlow> | <figure simpleCbdcFlow> | ||
| - | {{ :cbdc:private:cbdc_omg:04_doc:15_common:70_dualnets:screen_shot_2022-04-20_at_2.53.28_pm.png?700 |}} | + | {{ cbdc:04_doc:15_common:70_dualnets:screen_shot_2022-04-20_at_2.53.28_pm.png?700 |}} |
| <caption>Theoretical Very Simplified Dual ACH-CBDC Network Concept.</caption> | <caption>Theoretical Very Simplified Dual ACH-CBDC Network Concept.</caption> | ||
| </figure> | </figure> | ||
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| Section [[cbdc:public:cbdc_omg:04_doc:15_common:30_stablecoins:start]] describes four types of Stablecoins with the **Fiat-Collateralized Stablecoins** as the most likely relevant to a U.S. CBDC. These are collateralized, or backed, by a [[https://www.omgwiki.org/dido/doku.php?id=dido:public:ra:xapend:xapend.a_glossary:f:fiat_currency | Fiat Currency]] and are generally backed at a 1:1 ratio, meaning 1 Stablecoin is equal to 1 unit of currency. So for each Stablecoin that exists, there is (theoretically) one real Fiat Currency being held in a bank account to back it up. | Section [[cbdc:public:cbdc_omg:04_doc:15_common:30_stablecoins:start]] describes four types of Stablecoins with the **Fiat-Collateralized Stablecoins** as the most likely relevant to a U.S. CBDC. These are collateralized, or backed, by a [[https://www.omgwiki.org/dido/doku.php?id=dido:public:ra:xapend:xapend.a_glossary:f:fiat_currency | Fiat Currency]] and are generally backed at a 1:1 ratio, meaning 1 Stablecoin is equal to 1 unit of currency. So for each Stablecoin that exists, there is (theoretically) one real Fiat Currency being held in a bank account to back it up. | ||
| - | Stablecoins could work with either [[https://www.omgwiki.org/CBDC/doku.php?id=cbdc:private:cbdc_omg:04_doc:15_common:08_currency_models:start | Digital Currency Model]] (i.e., [[cbdc:public:cbdc_omg:04_doc:15_common:08_currency_models:10_cash:start| Digital Cash Model]] or the [[cbdc:public:cbdc_omg:04_doc:15_common:08_currency_models:15_accounts:start| Digital Account Model). Regardless of which Digital Currency Model used, a Stablecoin Design will probably support all the existing Intermediaries as well as any new CBDC-only Intermediaries, especially if a [[cbdc:private:cbdc_omg:04_doc:15_common:70_dualnets:start | Dual Payment Network]] is adopted. | + | Stablecoins could work with either [[cbdc:public:cbdc_omg:04_doc:15_common:08_currency_models:start | Digital Currency Model]] (i.e., [[cbdc:public:cbdc_omg:04_doc:15_common:08_currency_models:10_cash:start| Digital Cash Model]] or the [[cbdc:public:cbdc_omg:04_doc:15_common:08_currency_models:15_accounts:start| Digital Account Model). Regardless of which Digital Currency Model used, a Stablecoin Design will probably support all the existing Intermediaries as well as any new CBDC-only Intermediaries, especially if a [[cbdc:public:cbdc_omg:04_doc:15_common:70_dualnets:start | Dual Payment Network]] is adopted. |
| **What should be the role and regulatory structure for these intermediaries?** | **What should be the role and regulatory structure for these intermediaries?** | ||
cbdc/public/cbdc_omg/04_doc/20_comments/dsn/q17/start.1652753321.txt.gz · Last modified: 2022/05/16 22:08 by nick
