Will there be a need for stablecoins, once CBDCs are out


Stablecoins are hotter than ever, with Tether’s trade volume surpassing Bitcoin’s by 55% in the past 24 hours. Led by surges in the USDC and USDT, the total number of stablecoin daily active addresses has topped 265K.  The above chart by Coinmetrics is smoothed using a 7-day rolling average. Total active addresses for Tether hit […]

PBoC proposes revised banking law to legalize digital yuan CBDC


People’s Bank of China (PBoC) published a notice today stating that the country’s central bank has provided various channels such as email, fax and letter to acquire public opinions, or feedback on a revised draft that under Article 19, under Section 3, the draft proposes to include:  Renminbi includes both a physical form and a […]

XRP, XRPL will be ‘bridge’ between CBDCs, says Ripple exec


David Schwartz, CTO at Ripple, recently delivered a lecture at Berkeley, a lecture during which he shared his views on how he sees XRP and XRPL fitting into the broader picture of a world with CBDCs. CBDCs have been quite the rage recently, especially since the United States’ Fed Chair Powell confirmed that the U.S […]

These stablecoins define 2020 performance


Even though Tether [USDT] had been the popular choice among cryptocurrencies with a large fraction of supply share, other stablecoins have all been witnessing growing prominence. Among these was Dai, created via the Maker Dao stablecoin system and USDC. Although the use of Dai was mainly limited to the Defi ecosystem it has been witnessing […]

Stablecoin regulation can be U.S’s masterplan against China’s E-Yuan


The importance of this current week has been fairly downplayed. Years down the line, the global payments system might look back at this particular period and suggest that this is where it all started. Let’s jog our memories on what actually happened. In two ‘un-correlated’ announcements, the People’s Bank of China-controlled finance magazine stated the importance […]

Stablecoins’ ties to traditional finance – A problem for transparency?


Stablecoins have seen their importance in the crypto-market grow rather dramatically over the past year. For Tether, the world’s most popular stablecoin, the past few months have seen it surge past XRP to occupy the third position in terms of market capitalization. Tether’s growth since its launch in 2014 has enabled even greater adoption for […]