BRICS Bloc Mulls Stablecoins, CBDC-Based System for International Settlements
Russian Deputy Foreign Minister Sergey Ryabkov revealed BRICS has been considering the use of stablecoins for its common payment system.
CBDCRussian Deputy Foreign Minister Sergey Ryabkov revealed BRICS has been considering the use of stablecoins for its common payment system.
CBDCThe Reserve Bank of New Zealand launched its first consultation in 2021, which focuses on principles and design options for the digital dollar.
CBDC Digital DollarTokenised money is on the horizon in numerous countries. This week, the Bank of Englands Sarah Breeden announced that a discussion paper will be released in summer 2024 to draw on input from the private sector to complement the work being conducted on stablecoin regulation and retail central bank digital currency (CBDC).
CBDC Central Bank Digital CurrencyWhile emphasizing the potential of CBDCs in enhancing payments and securities transactions, the World Economic Forum also identified a number of industry challenges where the technology can be of good use.
CBDCTether, the stablecoin company, has launched native USDT, the largest dollar-pegged stablecoin, on The Open Network (TON).
Digital DollarThe Chinese yuan, often considered a potential rival to the U.S. dollar, currently falls short and is unlikely to dethrone the greenback.
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