Half of the reserves of the unregulated digital dollar, tether, are in the unsecured debt of unknown corporate issuers, according to details of the stablecoin’s reserve backing at the end […]
Tech giant Facebook is targeting a multi-trillion dollar pool of money market fund assets as it seeks to launch its new digital currency, Diem, in the US. Yesterday Facebook announced […]
Many large financial institutions have performed an about-turn in cryptocurrency during the last few years, moving from a position of outright hostility to one of acceptance and even enthusiasm. But […]
Political revolutions often go hand-in-hand with revolutions in money. Stores of value change, the way we make payments changes, our attitudes to credit change. According to Rebecca Spang, professor of […]
The biggest crises in financial markets happen when an asset previously assumed to be safe turns out not to be. Investors rush to sell it, they find they can’t get […]
John Kiff, our guest on the latest New Money Review podcast, prefers what he calls the ‘edgy’ areas of finance—from over-the-counter (OTC) derivatives to fintech and cryptocurrency. He also wants […]
The volume of tethers in issue has doubled since the end of 2020 to over $45bn, despite continuing uncertainty over the largest stablecoin’s asset backing. Tether is a cryptocurrency version […]
Encrypted communications app Signal is seeking to combine messaging and digital payments for users, following similar initiatives from Facebook and Telegram. According to Wired magazine, Signal is introducing support for […]
In an extended interview, media scholar Andrey Mir, author of “Postjournalism and the death of newspapers”, talks about the social media-driven polarisation in society and explains why our future money […]
Central Bank Digital Currencies (CBDCs) are on everyone’s agenda. Nations big and small are studying their advantages and disadvantages, examining retail, wholesale, and hybrid models and even deploying functioning systems. […]
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