The Blind Spot in Modern Finance: Why Central Banks Need Visibility Into Agentic Dollar Flows with David Parsons

<p>The traditional financial system, for all its complexities, has historically provided central banks and state treasuries with a relatively clear picture of economic activity. Commercial banks, payment processors and regulated financial institutions act as intermediaries, generating data trails that enable comprehensive oversight, facilitate monetary policy transmission and ensure tax compliance. However, the advent of <a href="https://phemex.com/academy/what-is-gentic-finance-machine-economy">agentic USD stablecoins</a>, i.e. US dollar stablecoins being used by autonomous, goal-driven <strong>AI agents </strong>operating on decentralised or semi-decentralised blockchain networks, is rapidly eroding this visibility.</p>