Ultimately, however, the shape of the international monetary and financial system would be determined by two factors: the citizens’ appetite for being part of global networks, or not, and differences in tastes and preferences, including about privacy.
Conclusion Wherever our journey takes us, and with this I would like to conclude, global “stablecoin” initiatives, such as Libra, will prove disruptive in one way or another. They are the natural result of rapid technological progress, globalisation and shifting consumer preferences. But how we respond to these challenges is up to us.