Tag: Central Bank Digital Currencies
The Future of Stablecoins: Allaire Predicts Trillion-Dollar Expansion in 10 Years
The future of stablecoins looks promising, according to Circle CEO Jeremy Allaire. He predicts that stablecoins could capture 5%-10% of the global money supply over the next decade. This growth could lead to the...
Challenges in Fiat System Exposed by Global Regulators’ Bitcoin Elimination Talks
Global regulators are stepping up their efforts to crack down on Bitcoin, with researchers from the Federal Reserve Bank of Minneapolis and economists at the European Central Bank (ECB) suggesting bold measures to "eliminate"...
Exploring Tokenization for Cross-Border Payments: 40+ Firms Join Central Bank Group
More than 40 financial firms have recently joined the Bank for International Settlements (BIS) in a collaborative effort to explore the potential of tokenization in enhancing wholesale cross-border payments. This initiative, known as Project...
Boost Financial Inclusion and Payment Efficiency in the Middle East with CBDCs
The International Monetary Fund (IMF) recently conducted a survey in the Middle East and Central Asia region regarding Central Bank Digital Currencies (CBDCs) and their impact on financial inclusion and payment efficiency. The survey...
