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IMFS Conference on "Stablecoins, Tokenized Deposits and the Look Ahead"

November 5-6, 2026

Campus Westend
Goethe University Frankfurt

Stablecoins and tokenized deposits are moving from the margins of crypto markets into the core debate on money, payments, banking, and financial stability. This two-day conference, hosted by the IMFS and Goethe University Frankfurt, brings together legal scholars, economists, regulators, and market participants to examine how EU and U.S. stablecoin legislation, tokenized bank deposits, and CBDCs will shape the future of digital money. The program focuses on prudential safeguards, singleness of money, run and disintermediation risks, geopolitical competition, and Europe’s role in a rapidly evolving monetary architecture.

November 5, 2026

12:30–13:00

Registration, Light Lunch
13:00–13:30

Welcome and Introduction

Katja Langenbucher, Institute for Monetary and Financial Stability
What are Stablecoins? What are Tokenized Deposits? What is tokenized commercial money?

Alexander Meyer-Gohde, Institute for Monetary and Financial Stability
Why We Care: Bank Funding, Monetary Policy, and Financial Stability
 
13:30–16:00

Stablecoin Panel/1 – The Prudential Framework

Moderated by Alexander Meyer-Gohde, Institute for Monetary and Financial Stability

Rhys Bidder, King’s College
Par at Par? Stablecoins, Tokenised Deposits, and Monetary Integrity

Dan Awrey, Cornell Law School
GENIUS After Enactment: Stablecoin Issuers, Resolution, and the U.S. Payments Perimeter

Filippo Annunziata, Bocconi University
MiCAR in Comparative Perspective: E-Money Tokens, Prudential Safeguards, Regulatory Perimeter, and Monetary Sovereignty
 
16:00–16:30

Coffee Break
16:30–18:00

Stablecoin Panel/2 – The Geopolitical Competition

Moderated by Joachim Wuermeling, A&O Shearman

Howell Jackson, Harvard Law School
Can Stablecoins Be Regulated Globally? Tether, Circle, and the Limits of Territorial Supervision

Ulrich Bindseil, TU Berlin
The Long-Term Impact of Stablecoins on the Global Financial System – A European Perspective

Cornelia Woll, Hertie School of Government
Stablecoins as Geoeconomic Infrastructure: Private Platforms, State Power, and Strategic Autonomy

November 6, 2026

08:30–09:00

Morning Coffee
09:00–11:00

The Multi-Issuer Problem and the Market for Tokenized Money – Panel Discussion

Moderated by Klaus Löber, ESMA

Rhys Bidder, King’s College
Co-Pierre Georg, Frankfurt School of Finance & Management
Rhomaios Ram, Fnality International
11:00–11:30

Coffee Break
11:30–13:00

A Glance Ahead – What is Next?

Klaus Löber, ESMA
Beyond DORA – Cybersecurity and more

Rosa Lastra, Queen Mary School of Law
Supervising the New Money – the Role of Regulators

Joachim Wuermeling, A&O Shearman
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Volker Wieland, Institute for Monetary and Financial Stability
Stablecoins, the Dollar, and the Limits of a “Euro Moment”
13:00

Farewell

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