Part 6/12:
However, the devil is in the details. Tokenizing debt could streamline market access and improve settlement speed but also introduces significant risks such as cyberattacks, smart contract errors, and regulatory chaos. Moreover, implementing a stablecoin or a digital dollar backed by gold involves delicate balancing to avoid blurring the lines between monetary and fiscal policy—something that could undermine investor confidence if not carefully designed.
The Gold Standard Dilemma