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 […]
Many observers argue that the imminent arrival of central bank digital currency (CBDC) could herald the biggest shake-up to the world’s monetary system for nearly a century. But, say the […]
The US government is turning to stablecoins—transferable digital tokens backed by fiat currency—as a way of speeding up its notoriously slow domestic payments system. Earlier this week the Office of […]
Central banks are braced for a world in which digital dollar tokens called stablecoins explode in value, posing a threat to governments’ ability to monitor the financial system. That’s one […]
The increasing adoption of cryptodollars—digital dollar tokens that can be passed hand-to-hand—is a sure sign of the revolution that’s taking place in money, says Nic Carter, our guest on the […]
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 […]
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 […]
Cryptocurrency networks help support a growing volume of dollar transfers taking place outside the traditional financial system. The growth of private stablecoins As central banks around the world debate whether […]
Post-Wirecard, the Bank of England has warned it will impose more stringent regulation on the payments sector in order to ensure the safety of the broader financial system. And, it […]