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 […]

Universal Digital Payments Network launched at Davos

Universal Digital Payments Network launched at Davos

Source: Finextra A Universal Digital Payments Network (UDPN) for stablecoins and Central Bank Digital Currencies (CBDCs) was launched at the World Economic Forum (WEF) in Davos. The network aims to provide interoperability between these digital currencies. UDPN has been in development for the last two years with contributions from GFT, Red Date Technology, TOKO, and […]

Bank of Tanzania progress on central bank digital currency

Bank of Tanzania progress on central bank digital currency

Source: Bank of Tanzania In recent times, there has been a rapid increase of financial innovation globally due totechnological advancement. One of the innovations dominating contemporary policydiscussions is central bank digital currency (CBDC). Albeit defined in a variety of ways,CBDC is a digital or virtual form of a country fiat currency issued and regulated by […]

Nigeria to create legal framework for stablecoins and ICOs

Nigeria to create legal framework for stablecoins and ICOs

Source: Cointelegraph As one of the world’s pioneers in adopting its own central bank digital currency (CBDC), Nigeria also declares its readiness to accept the existence of private stablecoins. The necessity to create a legal framework for stablecoins is noted in the latest central bank strategy paper.  Published under the headline “Nigeria Payments System Vision […]

The Geopolitics of CBDCs

The Geopolitics of CBDCs

Written by Jannah Patchay, Policy Lead for the Digital Pound Foundation Central bank digital currencies (CBDCs) – a digital form of central bank-issued fiat currency – have seen explosive growth in interest over the past four years. At the start of 2023, 114 countries, representing 95% of global GDP, are currently exploring CBDC, of which 60 […]

Central bank of Egypt (CBE) studies using central bank digital currency

Central bank of Egypt (CBE) studies using central bank digital currency

Source: Daily News Egypt The Central Bank of Egypt (CBE) revealed that it is studying applying Central Bank Digital Currency (CBDC). CBE indicated that CBDCs are safe and stable, as an alternative to other types of cryptocurrencies and their risks regarding the digital economy, financial inclusion and digital financial services, as a continuation of the […]

Despite crypto crash, financial institutions are cautiously wading into digital assets

Despite crypto crash, financial institutions are cautiously wading into digital assets

Source: OMFIF This year will be remembered as one of reckoning for digital assets. After years of slushy and speculative asset price growth and the spread of numerous junk cryptocurrencies, with at best dubious value, the rapid collapse of the crypto world is something many economists had expected for a long time. Yet, amid such dynamics is […]

Adoption grows as more than $7T settled with stablecoins in 2022

Adoption grows as more than $7T settled with stablecoins in 2022

Source: CryptoSlate The ongoing bear market did little to curb the rising use of stablecoins. On the contrary, dollar-pegged coins like USDT and USDC saw a parabolic growth in market cap this year, becoming a defacto settlement currency of the crypto industry. Following the collapse of Terra and its algorithmic stablecoin UST, the two stablecoin giants took over the majority of stablecoin […]