One word sums up this past week: a bloodbath. After the TerraUSD (or UST) algorithmic stablecoin and Luna collapsed, the market lost around $270 billion in a cryptocurrency sell-off. Luna’s value is now zero and at one point it was worth more than $100. Luna’s was created to maintain the UST peg. UST was supposed…
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Here is our pick of the 3 most important Stablecoin news stories during the week. Regulate it and they will come! That was the big announcement this week. The White House announced that President Biden had signed a long-anticipated Executive Order (EO) on digital assets. Initial market response included a rally, as it highlighted the lack…
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Here is our pick of the 3 most important Stablecoin news stories during the week. Build it and they will come! This seems to be the week when Central banks have got serious about actually building CBDC’s. First, the ECB is seeking through it’s procurement procedure to acquire strategic partners for consultancy services that allow the…
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Here is our pick of the 3 most important Stablecoin news stories during the week. Will the horrors of Ukraine speed up the transition of Crypto and Stablecoins from a niche to the future of money? In a horrific week, when we witnessed a full scale invasion of Ukraine and scenes many of us thought would…
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Here is our pick of the 3 most important Stablecoin news stories during the week. In an unstable world, Stablecoin market growth continues as Crypto goes sideways. With Russia menacing Ukraine and the world potentially facing the largest conflict since World War 2, our small sector of stablecoins is growing and working as intended, stable! Cryptocurrencies,…
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Here is our pick of the 3 most important Stablecoin news stories during the week. CBDC development and research continues. CBDC is the ultimate stablecoin, but the design and operational choices are not straightforward and involve substantial implementation risk (unless of course you are China). So we will not be seeing any Silicon Valley “move fast…
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Here is our pick of the 3 most important Stablecoin news stories during the week. Will stablecoins and CBDC’s help or hinder Crypto? Some would argue that CBDCs will cancel out the need for cryptocurrencies like bitcoin. After all, how many different digital currencies do we really need? This article argues that in fact, the opposite…
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Here is our pick of the 3 most important Stablecoin news stories during the week. Facebook exits the stablecoin business, or has it? This week the news was dominated by the news that Facebook has exited the stablecoin arena. Or has it? Certainly on the face of it (no pun intended) it looks like a clean…
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Is it Libra or is it Diem, is it Facebook or is it Meta? Hard to keep up with all the name and brand changes, but whatever way you look at it, the news just in about the sale to a US based VC called Silvergate for $200m represents a significant fail. To try and…
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Here is our pick of the 3 most important Stablecoin news stories during the week. Here comes the Fed! Well not really, but this week we got a lot more insight into what the Fed’s is thinking with the release of a discussion paper that examines the pros and cons of a potential U.S. CBDC. Federal…
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