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 […]
CBDC vs US Dollar: Will Argentina Adopt a CBDC or Dissolve their Central Bank in Favour of the US Dollar?
On October 22, Argentinians will cast their votes to select their new president. One prominent candidate, Sergio Massa, who currently serves as the Minister of the Economy, has proposed introducing a central bank digital currency (CBDC) if elected. Massa is contesting under the banner of the Union for the Homeland (Unión por la Patria). Argentina’s […]
CBDCs: A New Chapter in Global Banking
Source: Ripple The emergence of blockchain technology, coupled with real-world use cases and the dramatic free fall in global cash usage have led to a surge in CBDC research and development today. Nine out of ten central banks are actively exploring CBDCs, and Juniper Research predicts CBDC payments will reach $213 billion by 2030. This boom is […]
The Evolution of Finance: The Role of Digital Settlement Assets in Transforming Financial Markets
In this webinar, our panellists discuss the role of wholesale settlement assets in the financial services ecosystem, looking at questions such as: Panellists include:
BIS: Stablecoins vs. Tokenized Deposits – Implications for the Uniqueness of Currency
The modern monetary system rests upon a fundamental concept known as the “uniqueness of currency.” This principle ensures that monetary transactions are not subject to fluctuating exchange rates between various forms of money, whether they are privately issued (e.g., deposits) or publicly issued (e.g., cash). The uniqueness of currency establishes an unequivocal unit of account […]
