
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...
e YuanToomey, on the other hand, highlighted an important and lingering question, can stablecoins and a Federal Reserve digital dollar coexist? Why do you need stablecoins if all Americans have retail accounts with the Federal Reserve, as Toomey proposed in what may have been an overblown Scenario, and the Fed becomes the retail lender to America? […]
The post Will Fed Digital Dollar Replace Stablecoins Or Would Both Coexist? appeared first on The Central Bank Digital Currency Insider.
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...
e YuanChongqing 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.
Digital YuanCBDC
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.
Central Bank Digital CurrencySWIFT, the messaging service commonly used in international money transfers between banks, is getting ready for the age of central bank digital currencies...
CBDCEven 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.
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