- Isabel Schnabel said bringing central-bank money on-chain would preserve its role as the foundation of settlement.
- She linked distributed-ledger programmability to modernization of monetary-policy implementation, collateral management and liquidity provision, with financial-stability benefits.
Quotes
“It would also enable central banks to leverage the programmability of distributed ledgers to modernize monetary-policy implementation, collateral management and liquidity provision, thereby also fostering financial stability.”