QSI Weekly Wednesday Panel Call - Changing the Banking System: from LIBOR to SOFR (June 7, 2023)

LIBOR has been the most widely used interest rate benchmark in today’s financial system since the 1970s and is being phased out and replaced by the Secured Overnight Financing Rate (SOFR) by June 30, 2023. LIBOR, which determines interest rates for various financial products, has been criticized for its vulnerability to manipulation. In contrast, SOFR is based on real transaction data, making it more transparent and reliable. Join us to learn how this transition affects all the banks and other financial institutions around the world

Topics:
- What is LIBOR and banks manipulating this and use it to money launder
- What are the implications of transitioning from LIBOR to SOFR
- How are banks decentralizing through SOFR
- SOFR forces all currencies in all countries to be collateralized so you are not trading air-backed fiat for asset-backed currency
- June 30, 2023 SOFR transition deadline will affect $60 trillion USD contracts
- SOFR works in conjunction with Basel 3 & 4 to guarantee capital and stability to minimize risk and interest rates
- How wBTC (wrapped BTC) and XRP will be used in the QFS
- SOFR, PBFT, and Stellar French Onion Soup
- How does SOFR tie into the Quantum Matrix being built for the QFS through Stellar?

Link to 11-7-2022 QSI + Nick Declas on The Fed, Central Banks, and CBDCs All Under White Hat Control: https://rumble.com/v29p2g6-11-7-2022-qsi-nick-declas-on-the-fed-central-banks-and-cbdcs-all-under-whit.html

Transcript: https://docs.google.com/document/d/e/2PACX-1vR6iQNn7FG9gpdVl1WYdiWMJvobEHmOjY51GLycroMuaiqbcBVx0F4APSt-pvpW2w/pub

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