CBDC

Cointelegraph predictions for the first 5 CBDCs of 2021-2022

2021 & 2022 touted to be the most important years for the development of CBDCs Central Bank Digital Currencies (CBDCs) have been an integral part of progressive discussions within the cryptocurrency community. CBDCs are virtual representations of the fiat currency of a particular country. They are often based on blockchain technology and are issued and […]

Will CBDCs replace stablecoins?

The growth of stablecoins within the crypto industry has surged in the past year, with the total supply reaching $31.7 billion at the time of writing. Source: The Block Most of the growth has been driven by USDT and USDC, the two largest stablecoins by total supply, accounting for 75% and 14% of the stablecoin […]

Ukraine’s CBDC, the Digital Hryvina, Will Run on Stellar’s Blockchain

Besides working on a central bank digital currency, Stellar Development Foundation (SDF) will also help with the development of digital assets and regulation of stablecoins in the country. The Ministry of Digital Transformation of Ukraine signed a Memorandum of Understanding and Cooperation with Stellar Development Foundation (SDF) on Dec. 28. SDF announced on Monday, this […]

BSN architect firm eyes CBDC with two new projects

The company behind China’s Blockchain Services Network revealed two projects to build infrastructure for central bank digital currencies (CBDCs) and stablecoins, promising a BSN payments layer, and a public chain in which “gas fees” can be paid without buying cryptocurrency. He Yifan, CEO of Red Date Tech, spoke at a TechNode-sponsored webinar recorded Dec. 21.  […]

Norway Evaluates CBDC, Concludes Only 4% Of Country Uses Cash

Ida Wolden Bache stands as the deputy governor of the central bank of Norway, Norges Bank, and spoke at an event on Thursday. Bache described a decline in cash payments within the country, at the same time detailing the finer points regarding central bank digital currencies, or CBDCs. Highlighting Significantly Low Cash Use In her […]

Brazil Becomes The Latest Country To Confirm Plans to Launch A CBDC

Brazil’s Economy Minister recently spoke during the celebration of the Caixa Economica Federal’s 100 millionth digital savings account, and he used the opportunity to announce Brazil’s own CBDC. The Central Bank Digital Currency (CBDC) trend is larger than ever, with countries worldwide announcing their intention to create their own digital currency, one after another. The […]

Canada, UK, Japan and US release joint CBDC report

A group of central banks from some of the biggest global economies have released a joint report assessing the feasibility of central bank digital currencies. The seven partnered with the Bank for International Settlements (BIS) on the report which seeks to offer insight into what is needed for a central bank to roll out a […]

Bank of China’s CBDC trials crossed 3 million between April and August

1.1 billion RMB worth of CBDC transactions were conducted between April and August. The Chinese government plans on testing out the CBDC in the upcoming Winter Olympic Games. The Deputy Governor of the People’s Bank of China (PBoC), Fan Yi Fei, shared some insights about the country’s CBDC (central bank digital currency) trials during the […]

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