One of the key questions is whether VCs could become a settlement asset in payments and settlement services or be used in the clearing domain. Existing standards for FMIs, for example, refer to the usage of “a settlement asset with little or no credit and liquidity risk12”.
Hence the importance, for us, of: (i) assuring our fellow citizens that we are able to ensure price stability and thereby defend their purchasing power; and (ii) convincing firms that the financial environment will continue to incorporate a low level of inflation in the years to come, which will be reflected in medium and long-term market interest rates.