Your checking account is already private money. Economist Garrett Jones breaks down why bank deposits are privately created through the money multiplier, just like stablecoins. The difference? Heavy regulation makes banks look like government entities. Now stablecoins face the same regulatory pressure. UAE is launching government-backed stablecoins. The line between public and private money keeps blurring. Save this if you’re tracking the future of monetary policy. 💰 #fintok #stablecoins #fintech #moneytok
@stabledash_ Your checking account is already private money. Economist Garrett Jones breaks down why bank deposits are privately created through the money multiplier, just like stablecoins. The difference? Heavy regulation makes banks look like government entities. Now stablecoins face the same regulatory pressure. UAE is launching government-backed stablecoins. The line between public and private money keeps blurring. Save this if you’re tracking the future of monetary policy. 💰 #fintok #stablecoins #fintech #moneytok
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