# Old Notes to New Coins: Collaborative Strategies for Small Issuers (Matthew Commons)

- Channel: [Stable Summit](https://streameth.org/stable_summit)
- Date: 2024-07-16
- Duration: 16:52
- Topics: cryptocurrency, stablecoins, blockchain, fintech, economics
- Watch: https://streameth.org/watch/6696aa00204c615d53abc5e0

## Description

Old Notes to New Coins: Collaborative Strategies for Small Issuers The video features Matthew Commons, president of the VerifiedUSD Foundation, speaking at an industry event. He discusses the history of stablecoins and private currencies, highlighting that while stablecoins are a recent development, private currencies have existed since ancient times. He introduces his organization's stablecoin, USDV, which is backed by real-world assets and utilizes technology for decentralized minting and tracking capital inflow. Commons then draws parallels between the current state of stablecoins and the free banking era in the United States (1837-1866), a time when private currencies flourished alongside significant economic growth. He emphasizes the importance of transparency and shared risk and reward in such systems, as demonstrated by historical practices like banknote reporters and interbank networks. The talk aims to provide insights on applying historical lessons to modern-day currency systems and fostering partnerships within the crypto community.