https://www.ecb.europa.eu/press/key/date/2019/html/ecb.sp190917~9b6... 18.09.2019  Digital challenges to the international monetary and financial system  Page 2 of 8  In my remarks this evening, I would like to discuss whether Libra, or similar global “stablecoin” initiatives, may be a contender for the Iron Throne of the dollar. I will start by discussing the factors that distinguish the discussion today from previous discussions.
I will argue that, in specific circumstances, and if allowed to develop, private digital forms of money could challenge the supremacy of the US dollar more easily, and faster, than currencies issued by other sovereigns.