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Bitcoin News / Bitcoin.com - 3 years ago

China-backed Blockchain Project Proposes SWIFT Alternative for Stablecoins and CBDCs

The company developing China’s blockchain network wants to create a system for international settlements with stablecoins and state-issued digital currencies. The plan is to establish a platform facilitating the use of these two fiat-based digi...

Cryptocoins News / The Cointelegraph ​ - 3 years ago

Chinese blockchain project aims to be the 'SWIFT' of stablecoins and CBDCs

A SWIFT-style system for bank-issued and regulated digital currencies was launched by a firm with a tenure building China’s national blockchain project. A Hong Kong-ba...

Cryptocoins News / The Cointelegraph ​ - 3 years ago

Davos-launched blockchain project aims to be the ‘SWIFT’ of stablecoins and CBDCs

A SWIFT-style system for bank-issued and regulated digital currencies was launched by a firm involved in building China’s national blockchain project. A Hong Kong-base...

Cryptocoins News / Blockchain  - 3 years ago

National Australia Bank to Launch Ethereum-Based Stablecoin

NAB will introduce an Ether-based Australian dollar-pegged stablecoin. Reports say the AUDN stablecoin streamlines cross-border transfers and carbon credit trading. (Read More)

Cryptocoins News / The Cointelegraph ​ - 3 years ago

6 ways the stablecoin space can improve stability in volatile periods

Tightening reserves and offering real-time pricing data to the market are among the ways the stablecoin space could better weather volatility. With a value pegged to a...

Cryptocoins News / The Cointelegraph ​ - 3 years ago

Aussie 'Big 4' bank mints stablecoin for carbon trading and remittances

This marks the second “Big Four” bank in Australia to launch an Australian-dollar pegged stablecoin in a bid to boost the digital economy. National Australia Bank (NAB...

Bitcoin News / Bitcoinist - 3 years ago

Stablecoins And CBDCs Are The Future Of Money, Bank Of America Says

The continuous growth of stablecoins and cryptocurrency worldwide in terms of recognition and usage has caught the attention of the Bank of America. The second largest bank in the country, the bank’s analysts believe that crypto can revolutionize the...

Bitcoin News / Bitcoin.com - 3 years ago

Iran and Russia Consider Issuing Gold-Backed Stablecoin, Officials Unveil

Tehran and Moscow are discussing the possible launch of a stablecoin for international settlements, the Russian press revealed. In order to mint the gold-backed currency, however, authorities would need to first regulate crypto assets, a lawmaker not...

Bitcoin News / Bitcoinist - 3 years ago

Stablecoin Backed By Gold To Be Reportedly Launched By Russia And Iran

To better enable international transactions, the governments of Russia and Iran are reportedly considering working together to develop a new stablecoin. Iran is working with the Russian government to create a “token of the Persian Gulf region&#...

Bitcoin News / Bitcoin.com - 3 years ago

Cornell Professor Warns of Disruption to US Bond Market From Potential Collapse of Major Stablecoin

A professor from Cornell University has warned about the potential effects a collapse of a major stablecoin could have on the U.S. bond market. Eswar Prasad said that if large stablecoins face a collapse, the number of Treasury bonds they would need...

Cryptocoins News / Blockchain  - 3 years ago

Iran and Russia Seek A Gold-Backed Stablecoin

Iran and Russia are planning a gold-backed cryptocurrency. In Astrakhan, Russia began accepting Iranian goods, a stablecoin would function. Instead of utilizing dollars, rubles, or rials, the initiative would allow cross-border transactions. (Read Mo...