On Innovation and the Coexistence of Stablecoins and Central Bank Digital Currencies

Symbolically Generalized Medium of Communication? On the Concept of Money in Recent Sociology, 17 ECON. & SOC'Y 285, 285 (1988) ("[E]ven love has not turned more men into fools than has meditation upon the nature of money."(citation omitted)).2. Although we will not discuss the nuances of public and private forms of money, for a general definition, see U.S. DEPT.OF TREASURY, THE FUTURE OF MONEY AND PAYMENTS, 1 (2022) https://home.treasury.gov/system/files/136/Future-of-Money-and-Payments.pdf[https://perma.cc/3CK7-5WXE](explaining that public money is a central bank liability whereas private money is the liability of banks); Tobias Adrian & Tommaso Mancini-Griffoli, Public and Private Money Can Coexist in the Digital Age, IMF BLOG (Feb.18, 2021), https://www.