Later this quarter, Harvard Innovation Labs will incubate the New Bretton Woods Project or NBW. The NBW is a DeFi-powered initiative to tackle the global debt crisis. The DeFi infrastructure will be run on the Bitcoin Layer 2 Network or BeL2. The latter is a creation of Elastos foundation.
The New Bretton Woods program’s goal is to produce a BTC-backed stablecoin. One core part of the project is to ensure that the stablecoin is legal in all the states of America. This is a challenge because each state has its own laws.
The tokenomics of the BTC-backed stablecoin should be out in a couple of weeks’ time, Hargreaves said. The Coin Republic’s Editor-in-Chief, Varuni Trivedi, discussed Elastos’s vision, mission, decentralization, RWAs, and much more with Jonathan Hargreaves. Hargreaves leads the Business Development and ESG side of Elastos. Here are some interesting bits from the interview.
The Wait for a Decentralized World
Jonathan Hargreaves considers himself part o
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