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 […]
CBDC: an opportunity to re-think AML regulations?
On 6th December 2023, the Digital Pound Foundation hosted an in-person roundtable consisting of a selection of our Privacy and Identity Working Group members and external participants. The purpose of the roundtable was to share our thinking around the implementation of AML regulations in the digital age and gather feedback from the external participants. This […]
HM Treasury Publishes Comprehensive Review on the Future of Payments in the UK
In an in-depth review initiated on July 10th, the HM Treasury has conducted a thorough analysis of the UK’s payments landscape and published their Future of Payments Review. Over three months, the review team, led by a seasoned executive with diverse experience in the financial sector, engaged with about 150 stakeholders, including financial institutions, Fintechs, […]
New Zealand Dollar-Pegged Stablecoin NZDD Debuts on Crypto Exchange
A stablecoin pegged to the New Zealand dollar has been launched in a collaboration between New Zealand’s Easy Crypto exchange and Australian blockchain developer Labrys. Announced on November 22, the NZDD is backed on a 1:1 basis with cash in trust and is under the regulatory oversight of New Zealand’s Financial Markets Authority. Initially available […]
From NFTs to Smart Contracts: The Digital Pound’s Role in Modernising Car Purchases
Executive Summary The Digital Pound Foundation Use Case Working Group led by William Lorenz has been working together to identify, develop and refine a series of key use cases that can be used to illustrate the potential of a retail digital Pound for the UK citizen. At the time of producing this article, the Use […]
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 […]
UK to Introduce New Regulatory Framework for Stablecoin-Based Payment Systems
The Bank of England has released a detailed discussion paper focusing on the integration of these digital assets into the country’s financial system, underscoring the critical nature of public confidence in money as a cornerstone of economic and financial stability. This initiative comes at a time when two predominant forms of money circulate in the […]
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 […]
Blockchain for Europe Partners with the Digital Pound Foundation to Explore the Geopolitical and Monetary Implications of New Forms of Digital Money
We are pleased to announce that Blockchain for Europe (BC4EU), the membership organisation for companies driving innovation, integrity and empowerment through blockchain, has joined the Digital Pound Foundation as a new strategic partner. Based in Brussels, BC4EU works with policymakers, academics and its member companies to develop a European regulatory framework to support and promote […]
