Animoca Brands brought its digital money thesis to one of the world’s most influential policy stages. Group President Evan Auyang spoke at the World Economic Forum’s Annual Meeting of the New Champions in Dalian, China, during a session titled “Digital Money in a Divided World.”
The core argument: central bank digital currencies, stablecoins, and tokenized deposits aren’t rivals. They’re complements, each carving out its own lane depending on the use case.
Three flavors of digital money
Auyang laid out a framework that sorts the future of money into three buckets. CBDCs, which are issued and backed by central banks. Tokenized deposits, which are essentially bank deposits moved onto blockchain rails. And stablecoins, the privately issued tokens pegged to fiat currencies that have already gained massive traction in crypto markets.
Sharing the stage was Mu Changchun from the People’s Bank of China, whose institution has been one of the most aggressive central banks in the world when it comes to CBDC development.
