Stablecoin

China Flag
Proposed Chinese Law Outlaws All Yuan-Pegged Tokens – Except for Its CBDC
The new version will essentially also clear the way for the digital yuan to be the one and only official yuan-pegged token in mainland China.
China Flag

Rep. Brad Sherman (D-Calif.) created a "Zuck Buck" graphic to describe his view of Libra. (House Financial Services Committee)
Fed Economists Call Fears of Original Libra Stablecoin ‘Overstated’
Economists at the Federal Reserve suggest Libra – in its original, basket-backed stablecoin form – might not have had as severe an impact on financial stability as policymaker...
Rep. Brad Sherman (D-Calif.) created a "Zuck Buck" graphic to describe his view of Libra. (House Financial Services Committee)

Chinese legislators heard a proposal for a pan-Asian digital currency Thursday during the Two Sessions, the largest political gathering of the year. (Credit: Shutterstock)
Chinese Government Advisers Propose Regional Stablecoin for 4 Asian Countries
The stablecoin would help facilitate trade among four Asian countries, which is key to economic recovery in the region after coronavirus, proponents said.
Chinese legislators heard a proposal for a pan-Asian digital currency Thursday during the Two Sessions, the largest political gathering of the year. (Credit: Shutterstock)

(itti ratanakiranaworn/Shutterstock)
Interest in Gold-Backed Token Trading Grows Amid Supply Disruptions
On Thursday, hourly trading volume in Tether Gold climbed to over $13 million, up from roughly $1 million the day before.
(itti ratanakiranaworn/Shutterstock)

Despite sending the Libra Association multiple questionnaires, the EU doesn't have enough information yet to proceed, says EC Executive Vice-President Valdis Dombrovskis. (Image via Alexandros Michailidis/Shutterstock)
EU Official: We Can't Regulate Libra Without More Details
The European Union is still trying to figure out what to do about Libra, according to a new memo.
Despite sending the Libra Association multiple questionnaires, the EU doesn't have enough information yet to proceed, says EC Executive Vice-President Valdis Dombrovskis. (Image via Alexandros Michailidis/Shutterstock)

Dante Disparte image via CoinDesk video
Libra Vice Chair Not Worried About the Leavers
Libra Vice Chair Dante A. Disparte said some departing Libra partners left the door wide open for an eventual return. They will be welcomed back when they're ready.
Dante Disparte image via CoinDesk video

“It doesn’t matter what technology you are using," said BoE exec Christina Segal-Knowles. "Same risk, same regulation.” Image via Shutterstock
Bank of England's Stablecoin Ruling Targets Financial Stability, Exec Says
Financial stability was a key factor in the Bank of England's decision to hold stablecoin payment systems to the same regulatory standards as existing payment chains.
“It doesn’t matter what technology you are using," said BoE exec Christina Segal-Knowles. "Same risk, same regulation.” Image via Shutterstock

Federal Reserve. Credit: Shutterstock
Stablecoin Crisis Could Wreck Global Finance, Fed Warns in New Report
The Fed warned that a stablecoin crisis could wreak havoc on the global economy and outlined the steps issuers must take to protect the status quo. 
Federal Reserve. Credit: Shutterstock

The Bank of France is one of Europe's leading voices on CBDCs.
French Central Bank Job Posting Reveals Digital Currency Program
Banque de France is seeking a blockchain analyst who will help the bank define a program for implementing digital currency.
The Bank of France is one of Europe's leading voices on CBDCs.