Coinbase Announces Plans to Introduce Canadian Dollar Stablecoin

Coinbase Announces Plans to Introduce Stablecoin Linked to Canadian Dollar

Coinbase has announced plans to introduce a stablecoin tied to the Canadian dollar on its platform. This move follows shortly after the company received a license to operate in Canada. The exchange revealed on Twitter that it plans to add QCAD to its list of offerings. QCAD is a stablecoin pegged to the Canadian dollar, […]

Canadian Securities Authorities Soften Stance on Stablecoin Trade

Canadian Securities Authorities Soften Stance on Stablecoin Trade

Canadian securities officials have recently elaborated on their preliminary approach to stablecoin trading, referring to them as value-based digital assets. The Canadian Securities Regulators (CSA), a collective of provincial and territorial regulators, highlighted the potential benefits of stablecoins to Canadian investors. With this, the CSA has indicated its inclination towards endorsing the trade of specific […]

The Decline of Cash: CBDC’s Potential Role in Modern Canadian Banking

The Decline of Cash: CBDC's Potential Role in Modern Canadian Banking

The Bank of Canada recently released a study delving into the challenges related to financial inclusivity that a potential Central Bank Digital Currency (CBDC) might face. This study highlighted obstacles prevalent among rural residents, indigenous groups, low-income households, and individuals with disabilities. Interestingly, a previous report had expressed doubts about the need for a CBDC, […]

CBDCs on the horizon: The current state of CBDC initiatives around the world

CBDCs on the horizon: The current state of CBDC initiatives around the world

Source: Cointelegraph Central bank digital currencies (CBDCs) have long been a topic of contested discussion, having often been met with a predominantly negative response in the crypto community. However, despite the skepticism, CBDCs undeniably serve as a significant use case for blockchain technology. BDCs distributed through blockchain technology can provide cheaper, faster and possibly more […]

Snapshot: Which countries have made the most progress on CBDCs so far in 2023

Snapshot: Which countries have made the most progress on CBDCs so far in 2023

Source: Atlantic Council 2023 is already shaping up to be a major year in central bank digital currency (CBDC) exploration. As of March 1, sixty-five countries are in the advanced stage of development, and over twenty central banks have launched their pilots, including Brazil, Japan, and Russia. To dive deeper into these countries, follow our CBDC […]

Successful testing paves way for CBDC use cross-border

Successful testing paves way for CBDC use cross-border

Source: Swift Central and commercial banks see “clear potential and value” in Swift’s pioneering CBDC interoperability solution, following successful testing in a sandbox environment. Central bank digital currencies (CBDCs) are clearly gaining momentum. But as central banks around the world continue to explore the potential use of central bank-backed digital money in their local markets, […]

The State of Global CBDC Adoption with Darrell Duffie

The State of Global CBDC Adoption with Darrell Duffie

Source: Ripple Each quarter we’ll be going under the hood with professors from Ripple’s University Blockchain Research Initiative (UBRI) to gain a deeper understanding of trending topics in crypto and blockchain, and highlight their insights and key takeaways.  There seem to be almost as many opinions about the viability and best use of Central Bank Digital Currencies […]

Bank of Canada plans 2023 CBDC consultation as it moves to development

Bank of Canada plans 2023 CBDC consultation as it moves to development

Source: Ledger Insights Bank of Canada Governor Tiff Macklem spoke yesterday about a potential Canadian central bank digital currency (CBDC). Next year the bank plans to consult the public on a potential CBDC. Particularly they want to find out what the public’s expectations of a digital currency and what features would be important to them. As […]

Canadian central bank identifies retail CBDC archetypes in theory-heavy analysis

Canadian central bank identifies retail CBDC archetypes in theory-heavy analysis

Source: Cointelegraph Five patterns that recur in retail central bank digital currency (CBDC) designs were identified in a new Bank of Canada staff analytic note. The research focused on information organization and compared software rather than real or proposed CBDCs, and it examined the practical implications of its findings for retail payment systems.  The author, Sriram Darbha, […]