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CZ says stablecoins have defeated CBDCs globally, how come?
News
In July, the stablecoin market hit a record $261 billion, with non-USD stablecoins quietly surpassing $1B in total market cap. However, CBDC developments showed a mixed picture, with some countries advancing pilots while others pushing back. As reported in the…
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News
Bank of China Hong Kong is moving forward with its central bank digital currency (CBDC) project and has completed another phase of testing the digital Hong Kong dollar. According to local media on August 5, the Bank of China Hong…
News
ECB advisor Jürgen Schaaf warns that the rapid rise of dollar-backed stablecoins threatens Europe’s financial stability and the euro’s global standing unless strategic action is taken. In a new blog post on the European Central Bank’s website titled “From Hype…
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USDC
Opinion
We’ll have to wait and see, based on the pilot program, whether decision makers in Australia find enough reasons to justify a wider rollout.
News
The Bank of England is considering halting plans to create a digital pound as the global focus shifts to stablecoins. Though, the final decision has remained undecided. According to a recent Bloomberg report, the Bank of England has seen its…
Feature
Every day, the media are telling us how various countries take legal steps to embrace cryptocurrency. However, not the entire humanity is moving in the same direction in this regard. On July 14, 2025, Hungary introduced the law turning “unauthorized…
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Bitcoin
News
The Reserve Bank of Australia is advancing a pilot to test digital money and tokenized settlements, with regulatory relief granted to participants to enable testing beyond current regulatory frameworks. Australia’s central bank, in partnership with the Digital Finance Cooperative Research…
Follow-up
Even as Russia gears up to launch its digital ruble, some of the country’s top bankers still aren’t sold on the idea. As Russia moves closer to launching its own digital currency, questions are starting to grow louder about whether…
Feature
Bank of Japan officials are beginning to acknowledge what once seemed outlandish: that cryptocurrencies could one day become a major part of everyday payments in Japan—and perhaps even challenge the yen itself. While they stress that such a shift won’t…
News
BOE Governor has cast doubt on the case for a digital pound for consumers, questioning its necessity even as the central bank moves ahead with developing a wholesale version for use between financial institutions. Bank of England Governor Andrew Bailey…
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Bitcoin
News
Shanghai’s new e-CNY operations center is China’s answer to the stablecoin-led disruption of cross-border finance, signaling that the digital yuan isn’t just for domestic trials anymore, but for an open audition on the global economic stage. On June 18, People’s…
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The Reserve Bank of India wants to roll out new functionalities for the digital rupee and test its use in cross-border payments with international partners. India‘s central bank said it will introduce new features and use cases for the digital…
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Cecilia Skingsley will leave her role as head of the BIS Innovation Hub next month, cutting short her five-year term by two years amid a broader leadership reshuffle at the central bank body. The Bank for International Settlements digital currency…
News
Binance has partnered with Kyrgyzstan’s National Agency for Investments to implement crypto payment infrastructure and launch blockchain education programs. On May 4, during the inaugural meeting of the Council for the Development of Digital Assets, the Kyrgyz government reaffirmed its…
Follow-up
Zimbabwe is reviving gold coins to support its embattled currency, as earlier efforts with gold-backed digital tokens failed to curb economic instability. Zimbabwe is yet again turning to gold to defend its embattled currency, as the Reserve Bank of Zimbabwe,…
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