PayPal Launches U.S. Dollar Stablecoin
PayPal, a prominent player in the payments industry, has unveiled its new U.S. dollar stablecoin, signaling its entry into the realm of digital currencies for payments and transfers. This move has been met with cautious optimism and has given a modest 2.66% boost to PayPal’s shares. Unlike the volatility witnessed in cryptocurrencies, stablecoins are designed […]
Palau Government Launches US Dollar-Backed Stablecoin Pilot on XRP Ledger
On July 26, the government of Palau will commence a pilot project for a new United States dollar-backed stablecoin, set to be issued on the XRP Ledger. The Palau Stablecoin (PSC), also known as the Kluk, will be initially distributed to government employees after undergoing testing with volunteers making purchases using various devices. The PSC […]
An Interview with Susan Friedman, Head of Policy at Ripple, about the digital Pound
In the third of our member video series, we talk with Susan Friedman of Ripple about the potential benefits of a digital Pound, what frameworks might need to be put into place for CBDCs not only in the UK but globally, and why Ripple chose to become a member of the Digital Pound Foundation. Are […]
Policy drivers for a retail CBDC
Source: Digital Bytes | Written by Jannah Patchay Executive Director and Policy Lead at the Digital Pound Foundation (DPF) Central bank digital currencies (CBDCs) – a digital form of central bank-issued fiat currency – have seen an explosive growth in interest over the past four years. At the start of 2023, 114 countries, representing 95% of […]
Fireblocks joins Digital Pound Foundation’s membership community
We are very pleased to announce the addition of Fireblocks to the Digital Pound Foundation’s membership community. Fireblocks joins the Foundation as a corporate member and will also take part in the Policy, Legal and Regulatory Working Group. Fireblocks, an enterprise platform to manage digital asset operations and build innovative businesses on the blockchain, is […]
Quant launches Overledger Platform
Source: Quant Today, we unveiled Overledger Platform, making the same enterprise-grade technology that has underpinned our projects with institutional and central bank customers to-date, accessible to large enterprises, SMEs and developers for the first time. We are proud to unveil Overledger Platform: the infrastructure used in Project Rosalind – the Bank of England and Bank for International Settlements’ […]
Amazon Collaborating in Pilot Program for New CBDC Proposed by IMF and Central Banks
Source: The Daily Hodl The Monetary Authority of Singapore (MAS) has published a whitepaper that proposes conditions for the use of central bank digital currencies (CBDCs), tokenized bank deposits and stablecoins. The whitepaper was produced in collaboration with the International Monetary Fund (IMF), Banca d’Italia, and the Bank of Korea, and is currently paired with […]
IMF promotes XC platform for tokenized cross border payments
Source: Ledger Insights Yesterday, the IMF published a paper building on last year’s proposal for XC, a platform to create a global centralized ledger for cross-border payments. The platform would allow commercial banks and other payment providers to participate alongside central banks and likely forgo the need for multiple wholesale central bank digital currency (CBDC) projects. Although a […]
IMF working on global central bank digital currency platform
Source: Reuters The International Monetary Fund (IMF) is working on a platform for central bank digital currencies (CDBCs) to enable transactions between countries, IMF Managing Director Kristalina Georgieva said on Monday. “CBDCs should not be fragmented national propositions… To have more efficient and fairer transactions we need systems that connect countries: we need interoperability,” Georgieva […]
Quant collaborates with BIS and the Bank of England on Project Rosalind
Source: Quant We’re proud to announce our role as part of the vendor team for Project Rosalind. The project, led by the Bank for International Settlements and the Bank of England, explored how application programming interfaces could be used for central bank digital currency systems. Project Rosalind, directed by the BIS Innovation Hub London Centre, […]
