Stablecoins As a Backdoor Implementation of the Chicago Plan
In this post I discuss how stablecoins, designed for fast and low-cost transactions, may inadvertently align with the principles of the Chicago Plan, a historical proposal advocating for 100% reserve banking to enhance monetary stability. It suggests that the rise of stablecoins could effectively implement aspects of this plan by requiring full reserves, potentially transforming the financial system and reducing systemic risk.
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