Will Fed Digital Dollar Replace Stablecoins Or Would Both Coexist?

Macro realities offer yuan bulls hope against dollar

Currency traders betting on a rising dollar and sliding yuan may be missing a significant shift in the trajectories of the worlds two biggest economies...

• More

Chongqing reports US$43 mln digital yuan trading volume in debut month

Chongqing recorded 288 million yuan (US$43 million) in total digital yuan trading volume across 1.576 million transactions as of May 15, Peoples Bank of China said.

• More

Letter: An intermediated form of CBDC makes sense

• More

Biden's pick for Fed vice chair for supervision calls for congressional action on stablecoins

Michael Barr, the prospective Fed vice chair for supervision, said innovative technologies including crypto had some potential for upside in terms of economic benefit but also some significant risks, citing the need for a regulatory framework on stablecoins to prevent the risk of runs.

• More

SWIFT, Capgemini team up to test using the international network for CBDC transfers

SWIFT, the messaging service commonly used in international money transfers between banks, is getting ready for the age of central bank digital currencies...

• More

SWIFT Plans To Interlink All CBDCs, Heres Why

Even as central banks of various economies explore CBDCs, SWIFT is advancing cross-border payments involving digital currencies. While most of the central bank digital currency (CBDCs) focus on achieving digitalization of fiat currencies, SWIFTs latest move aims at cross-border payments.

• More