Can Stablecoins Revolutionize Foreign Aid? The UN Thinks So.
Source: Blockworks If only stablecoins had been around in the late aughts. The likes of USDC and USDT would have provided a viable — and, potentially, game-changing — alternative for cash aid disbursements in Iraq and Afghanistan following the US’ invasion of both Middle Eastern countries, according to the chief investment officer of a crypto […]
Indonesia Wants to Counter ‘Shadow Central Banking’ With CBDC
Source: Blockworks In Indonesia, the central bank has formally laid out plans for a central bank digital currency (CBDC), pitched to combat what it calls rising “cryptoization” of the country’s digital economy. Bank Indonesia’s new CBDC white paper outlines how “shadow currencies” and “shadow central banking” are furthering unregulated credit creation around the world through crypto. Two […]
Q&A: Bank of England Vet Says CBDCs Will Be a “Centerpiece to a Wider Ecosystem of Stablecoins”
