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European Union policymakers are debating whether to launch the digital euro on public blockchains as they accelerate work on the CBDC in response to the passage of the Genius Act in the US and fears that it could see dollar-baked stablecoins dominate cross-bo…
The European Union is accelerating work on a digital euro and is weighing public blockchains, including Ethereum and Solana, for issuance and settlement, per the Financial Times. The move follows passage of U.S. stablecoin legislation and a market dominated b…
The provision introduced by House Republicans highlights America’s outlier stance as global adoption of CBDCs accelerates.
EU officials are working on a digital euro. They had previously intended to release the digital currency on a private network. But the US’ passage of the...
The European Union is speeding up its digital euro project and, in a notable shift, officials are weighing whether to issue the token on a public blockchain—specifically Ethereum or Solana—instead of a closed, private system. The reassessment follows the rece…
The Philippines has moved a step closer to joining the ranks of nations stockpiling Bitcoin after Congressman Miguel Luis Villafuerte introduced the...
China is reportedly considering allowing yuan-pegged coins, but experts warn the crypto industry shouldn’t get too excited.
China is considering a yuan-backed stablecoin to boost its global currency influence. On this week’s Byte-Sized Insight episode, industry experts explain the hurdles of adoption, liquidity and trust.
In separate meetings, executives from Shinhan, Hana, KB Financial and Woori Bank will explore the role of dollar-pegged and won-pegged stablecoins in the country.
The EU is exploring Ethereum and Solana for its digital euro, marking a shift toward public blockchains over private models like China’s CBDC.
House leaders have added a ban on the Federal Reserve issuing or studying a CBDC to a must-pass defense policy bill, a similar version of which the chamber passed in July.
The GENIUS Act's passage caught many in Europe off guard and sparked concerns dollar-backed stablecoins could tighten America’s grip on cross-border payments.
Tether and Circle are set to meet with the CEOs of South Korea’s four largest banks this week to discuss potential partnerships.
The US Treasury Department is putting the GENIUS Act into action with a 60-day comment period to gather ideas on detecting illicit crypto activity. By establishing a stablecoin framework and seeking input, the Treasury is working to shape the Web3 sector. Und…
Circle president Heath Tarbert discusses how stablecoins could potentially revolutionize global payment systems in this special series on the “Future of Finance.”…Read More