Bank of Amsterdam Archives - New Money Review

Tag: Bank of Amsterdam

A 400-year-old stablecoin (and why it failed)

October 21, 2021 Comments are Disabled

Stablecoins—digital currencies pegged to existing money, like the dollar, euro, pound or gold—are the hottest topic in finance. From crypto-market dollars like Tether and Circle to Facebook’s Diem project and […]

Tether has to open its vaults

February 18, 2021 Comments are Disabled

Stablecoins—digital money backed by assets of stable value—are in vogue. But for a stablecoin to function, its users have to trust in its backing. And history is full of examples […]

Stablecoin design is difficult and dangerous

November 19, 2020 Comments are Disabled

Too strict a reserve policy makes asset-backed money of limited use. But too lax a policy may be the first step on a slippery path to destruction. Since US President […]

Private stablecoins won’t work as money, says the BIS

November 10, 2020 Comments are Disabled

Privately issued stablecoins—digital money backed by fiat currency like the US dollar—won’t work in the long term as they lack the government support implicit in central bank money, say researchers […]

Where’s my money? Wirecard and tether

June 26, 2020 Comments are Disabled

When you place money on deposit you expect to get it back. Many people say that’s the original concept of banking: you pass your funds across a desk into safe […]