Battle not over for crypto-native stablecoin issuers despite BIS chief’s doomsaying
Source: IFLR Crypto-native stablecoins are the hotseat as the race for the future of money rages on Rome was not built in a day and neither was the crypto-native stablecoin industry. Despite Bank of International Settlements (BIS) chief Augustin Carstens proclaiming the “battle has been won” for fiat, crypto-natives will not lay down their swords. […]
Wholesale CBDCs: Fostering Interoperability and Standardisation in Global Financial Markets
In March 2023, the Digital Pound Foundation (DPF) and Association for Financial Markets in Europe (AFME) hosted our first joint roundtable, with representatives from both organisations alongside industry specialists and external observers. This article highlgihts some of the discussions we had. “As we cross the threshold from proof of concept to real traction, this joint […]
The Making of a Digital Pound: Exploring the Creation of a UK CBDC | Poundcast Episode 7
In episode 7, our host Jannah Patchay, Policy Lead at the Digital Pound Foundation is in conversation with Varun Paul, Central Bank Digital Currency and Market Infrastructure Director of Fireblocks. They discuss private sector objections to retail Central Bank Digital Currency – how does the recent Bank of England and HM Treasury consultation address these […]
Commercial stablecoin issuance – Part II: Risks and long-term vision
Source: Quant Banks around the world – including some well-known global brands – have begun issuing their own digital currency known as commercial stablecoins. In part II of our use case, we consider some of the risks involved and outline a longer-term vision. Understand the risksAs we outlined in part I, there are plenty of benefits […]
Why Does an Economist Care About CBDCs? | Poundcast Episode 6
In episode 6, our host Jannah Patchay, Policy Lead and one of the originating members of the Digital Pound Foundation, speaks to James Pomeroy, Global Economist at HSBC. In a time where many regions around the world are increasingly moving away from cash, Central Bank Digital Currencies can offer people similar levels of privacy and […]
BUSD Drama Sets Stage for Stablecoin Market Reshuffling
Source: Coindesk The uncertain future for embattled stablecoin Binance USD (BUSD) is stirring discord in the dollar-pegged crypto markets that one analyst says could accelerate into a dramatic reshuffling of the sector’s big winners and losers. With regulators this week forcing the issuer of BUSD to cease minting new tranches of the coin, Binance, the […]
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 […]
Digital Currencies “Undoing the Internet’s Original Sin” | Poundcast Episode 5
In episode 5, Jannah Patchay, Policy Lead and one of the originating members of the Digital Pound Foundation, speaks to Nick Philpott, COO of Zodia Markets. In this episode, Jannah and Nick discuss how digital currencies could help undo “the internet’s original sin”, explore his experiences with the Libra project and talk about how the […]
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 […]
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 […]
