A currency operator is an entity responsible for managing the issuance, circulation, and redemption of a specific currency, whether fiat or digital. This role typically involves maintaining the currency’s stability and ensuring its proper function within an economic system. Central banks serve as currency operators for national fiat currencies. In the digital realm, particular protocols or organizations might fulfill a comparable function for digital assets.
Context
The concept of a currency operator becomes prominent in discussions surrounding central bank digital currencies (CBDCs) and regulated stablecoins. Debates often focus on the degree of centralization and control an operator should hold over a digital currency. The operator’s actions directly influence monetary policy, financial stability, and user privacy. Understanding this role is key to analyzing governance structures in new digital monetary systems.
DLT implementation on commercial bank money delivers compliant, near-real-time settlement rails, drastically improving capital efficiency and operational uptime.
DLT on Google Cloud Universal Ledger enables compliant, 24/7 interbank fiat settlement, drastically reducing counterparty risk and unlocking capital efficiency.
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