New Stage in Development of Digital Money

The new stage in the development of digital money is linked to the appearance of stablecoins, whose exchange rate is fixed in relation to the dollar, gold, digital currencies and oil. Increasing the stability of the exchange rates of digital currencies will open up the possibility of using them as a medium of exchange and accumulation. The creation of central bank digital currency has not yet become a widespread phenomenon. More than 85 per cent of central banks consider that in the short term, it would be largely or completely impossible for them to create any form of such a currency. Nevertheless, the development of contacts between central banks and non-bank financial-technical firms is proceeding at a rapid pace. The creators of stablecoins have received access to the central bank reserves, and have acquired the ability to carry out deals with stablecoin assets