digital dollar News
Latest digital dollar News
During the 2024 presidential race, the discussion on a U.S. CBDC becomes more intense. Candidates’ contrasting views mirror wider concerns about privacy and government control. As of Jan. 2024, the situation regarding central bank digital currencies (CBDCs) in the U.S.…
Central bank digital currencies (CBDCs) are increasingly becoming the forefront of financial discussions. As of 2023, about 130 countries, representing 98% of global GDP, are exploring the implementation of CBDCs. This piece delves into the specifics of CBDCs, benefits, and…
Tether, the parent company to the world’s most significant stable coin, USDT has come out again to defend the coin’s backing with a new report. The controversial company claims that the consolidated assets of the USDT project are worth more than its current liabilities. The company explains that it now owns 21% less commercial paper than Q4 of 2021, alleviating concerns over the Evergrande debt.
Earlier today, reports regarding a split between the White House and the Treasury Secretary Janet Yellen surfaced. The reports claim that the feud will cause a delay in the release of the expected crypto executive order by the White House.
Jerome Powell has assured members of the United States Congress that the highly anticipated report on digital currencies will finally be released in the coming weeks. The Federal Reserve has yet to decide on whether to launch a central bank…
The House Financial Services Committee’s Task Force on Financial Technology is scheduled to hold a meeting on Thursday, June 9, 2020, to brainstorm and come up with the best way to deliver stimulus money during times of pandemic like the…
Enterprise-geared cross-border remittance blockchain network Stellar (XLM) wants to become the go-to platform for governments around the world to issue central bank digital currencies (CBDC) on. Stellar CEO, Denelle Dixon, hinted at the ambition during Consensus distributed. Stellar Wants a…
The Democratic Party-controlled U.S. House of Representatives has introduced draft legislation that includes the creation of a digital dollar to be used for stimulus payments to Americans due to the COVID-19 pandemic. House Democrats Want Digital Dollar for Stimulus Payments…