The Transformation of the Global Monetary and Financial System Under Tokenization

Global banks and their affiliated business-support institutions are predicting a rapid increase in the capitalization of digital financial assets. The signing of the Guidance and National Innovations for Uniform Stablecoins Act (GENIUS) in the United States directly affects the ongoing processes transforming the global monetary and financial system (GMFS). On the one hand, the law legalizes the financing of U.S. government debt through the issuance of private ...