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PGIM Fixed Income

2023 Top 500 ranking: 29

Behind the ECB’s Digital Currency Push

Behind the ECB’s Digital Currency Push

When Facebook announced its plan to launch Libra in 2019, the news caused a collective outcry from central banks and finance ministers around the globe. Officials were concerned that stablecoins1 would pose a threat to global financial stability and weaken the transmission mechanism of monetary policies, ultimately undermining the ...

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