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Will the US dollar be replaced by a global digital currency?

October 04, 2019 | Digital Currency

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Will the US dollar be replaced by a global digital currency?

Last month, in front of a gathering of central bankers in Jackson Hole, Wyoming, the Bank of England governor, Mark Carney, made a speech about the future of money. A timely topic in retrospect of #Sibos 2019 which featured the topic on its agenda.

He challenged the US dollar’s position as the world’s reserve currency and proposed an alternative: a new global digital currency. 

He believes a universally recognised “stablecoin” would end a savings glut and a decade of low inflation and even lower interest rates. 

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