CBDCs can work with private stablecoins – research


CBDCs can work with private stablecoins – research

A wholesale CBDC could successfully work with private stablecoins, shows research from the Hong Kong Monetary Authority and BIS Innovation Hub.

CBDC Update: Rules to come within weeks? Stablecoins and CBDC’s

I predict at least five major countries will release Central Bank Digital Currencies this year (2022). Perhaps Singapore and Switzerland will be among them. How will this change the general public’s perception of blockchain, stablecoins and crypto?
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CBDC map: https://www.atlanticcouncil.org/cbdctracker/

All opinions are my own. Leave yours below

Visa Working on Interoperability Platform for Stablecoins and CBDCs

Payments behemoth Visa has proposed a platform to enable interoperability between central bank digital currencies (CBDCs) and other stablecoins. The “universal payments channel” (UPC) aims to allow the cryptocurrencies to be transferred between different blockchain networks. “The Hash” panel discusses Visa’s continued bets in crypto and the implications of its latest product for the future of crypto transactions and blockchain interoperability.

#cryptocurrency #digitalfinance #finance #bitcoin #crypto
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Panel on the Value of crypto assets & stablecoins: CBDC vs private solutions

Over the last years there has been much debate around the possible emergence of global stablecoins that could compete with existing central bank money. Despite ever increasing demands for crypto assets, the use of and demand for stablecoins remains for now nascent. Those that are being developed are tagged to existing currencies questioning the unique value that stablecoins could bring. Adding to this, central banks are working on their own central bank digital currencies which could potentially be cheaper, safer and have the benefit of being recognised legal tender.

Has the heyday of stablecoins passed before they even saw the light of day and will CBDC’s crowd out the need for stablecoins? We are seeing increasing demand for crypto assets with underlying price volatility. What are the expected future use cases for stablecoins? Are there market segments where stablecoins are expected to replace existing crypto assets? What should be the appropriate policy and regulatory response to stablecoins and how is this thinking impacted by their expected future use cases? How do we ensure a consistent international approach to the regulation and supervision of stablecoins?

The Economics of Digital Currency Policy with Stanford Prof Darrell Duffie

#research #finance #digitalpayment #cryptocurrency #cbdc

Globally, there is a debate over how to develop payment systems. Effective approaches are far from settled. Emerging digital currencies, in particular, have significant implications for commercial banking and currency competition. In this video, Darrell Duffie  of Stanford University outlines the related policy concerns and approaches, together with Swedish experts.

– Darrell Duffie, Professor of Finance, Stanford University.
– Paula da Silva, Chief Executive Officer, P27 Nordic Payments.
– David Vestin, Senior Advisor, Riksbank.

00:00 – Introduction
02:00 – Darrell Duffie
04:30 – A bank-railed payment
06:47 – CBDC payment
08:16 – Private stablecoins
11:32 – Fast payment systems
18:30 – Bank-funding costs and credit provision
21:08 – Domestic competition policies
23:50 – Paula da Silva
31:27 – David Vestin
39:30 – Panel discussion

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