Ripple: Demystifying Central Bank Digital Currencies
Source: Ripple Central Bank Digital Currencies (CBDCs) have been making waves in the world of finance, offering a groundbreaking intersection between traditional fiat currencies and the digital realm. In this first piece of a broader series, we will delve into the world of CBDCs, explaining what they are, how they work, and why they are becoming […]
S&P Global Ratings Unveils New Stablecoin Stability Assessment
S&P Global Ratings has today unveiled a new stablecoin stability assessment framework which evaluates stablecoins on a scale from 1 (very strong) to 5 (weak), considering asset quality risks, including credit, market, and custody risks. The framework also examines overcollateralisation requirements, liquidation mechanisms, governance, legal and regulatory frameworks, redeemability, liquidity, technology, third-party dependencies, and track […]
The Future of Finance: BIS General Manager Highlights Cybersecurity in CBDC Development
In a significant gathering convened by the Bank for International Settlements (BIS) in Basel, Switzerland, Agustín Carstens, the General Manager of BIS, underscored the pivotal role of cybersecurity in the realm of Central Bank Digital Currencies (CBDCs). Addressing a global assembly of financial experts, Carstens heralded CBDCs as the cornerstone of a rapidly approaching digital […]
The Truth About Stablecoins: Are They as Stable as Promised?
In the dynamic world of cryptocurrency, stablecoins have emerged as a promising bridge between traditional finance and the novel crypto market. A new paper from the Bank for International Settlements delves into this growing sector, questioning the ‘stability’ of stablecoins—a key selling point that distinguishes them from their more volatile counterparts. Stablecoins, designed to be […]
Stablecoins and the future of finance | Poundcast Episode 12
In this episode of Poundcast, host Jannah Patchay is joined by Ramy Soliman, Policy Lead and Co-Founder of Stablecoin Standard and President at GMO Trust – a New York regulated stablecoin issuer, as he discusses his journey into the world of stablecoins and his interest in the space. Ramy shares his experience working in the […]
Stablecoin Standard Partners with the Digital Pound Foundation to Help Educate and Promote Acceptance of New Forms of Digital Money
We are pleased to announce that Stablecoin Standard, the industry body for stablecoin issuers globally, has joined the Digital Pound Foundation as a new strategic partner. Stablecoin Standard brings together industry experts from some of the biggest names in stablecoin development and crypto, expertise from liquidity providers and regulatory and compliance professionals and other ecosystem […]
Preserving the Singleness of Money in a Future Digital Currency Ecosystem
This event was jointly hosted with Fireblocks on 7 November 2023. During this webinar, Varun Paul announced a new paper entitled ‘Achieving Uniformity of Tokenized Money Through Smart Contracts’. You can download this paper here. About the webinar In the future, multiple different forms of money – both public and private, and both those currently […]
Quant Elevates Blockchain Security with its New Central Bank-Grade Key Management Solution
In a significant development for the banking and financial sector, a pioneering solution called Overledger Authorise has been launched to bolster the security of blockchain-based transactions. Historically, financial institutions have banked on advanced key management systems to shield data, applications, and transactions. The dawn of blockchain and digital assets posed a challenge: the prevailing key […]
HKMA: Project mBridge set for minimum viable product by the middle of 2024
The Hong Kong Monetary Authority (HKMA) has unveiled that the mBridge project is expected to introduce a minimum viable product by the middle of 2024. If mBridge’s implementation is successful, it may pose a challenge to Swift’s leading payment system and could influence similar shifts in payment methods across different regions. Developed in partnership by […]
Abu Dhabi’s DTR Introduces Dirham-Backed Stablecoin
Distributed Technologies Research Limited (DTR), a decentralized finance (DeFi) startup headquartered in Abu Dhabi Global Market (ADGM), has unveiled a new stablecoin named DRAM, anchored to the UAE dirham. Akshay Naheta, founder and CEO of DTR, has expressed that the motivation behind creating a dirham-backed stablecoin is to carve out a space in the massive […]
