BIS report flags stablecoins’ flaws, dollarization risk
A BIS report warns stablecoins are ill-suited as money due to trust issues and dollarization risks, while highlighting…
Browsing Tag
dollarization
35 posts
UK eases stablecoin cash deposits; US wants to ID stablecoin customers
Stablecoin regulation gains momentum in the United Kingdom, the United States, and Canada, while the IMF cautions Nigeria…
Europe is actively trying to stop the dollar stablecoin takeover
Europeans conduct 38% of global stablecoin transactions, but euro-denominated tokens account for just 0.3% of the total stablecoin…
EU irked by US dollar stablecoins, China stifles stable talk
Dollar-backed stablecoins are weakening the EU’s control over the euro, while China’s offshore yuan token hopes to grow…
BRICS eyes cross-border payment system, but there’s no need
BRICS seeks to break free from dollarization, but instead of devising a currency, the organization sees the widespread…
This Week in Crypto: Stablecoins return, GameStop eyes BTC
Stablecoins retake the spotlight as institutions plan to make these assets a revenue machine; meanwhile, GameStop eyes BTC…
Deep dive: Argentina and Brazil blockchain landscapes
Brazil and Argentina set the pace for blockchain adoption with distinct approaches, opening new possibilities in financial, social,…
Cambodia’s Bakong app boosts tourism by enabling payments for 3.3M locations
The National Bank of Cambodia confirmed a commitment to setting up QR locations nationwide to streamline payments using…
Cambodia’s central bank uses CBDC to stifle dollarization of local economy
Riel payments via Bakong are up by over 50% since the launch of the offering, encouraged by several…
Zimbabwe to Unveil De-Dollarization Roadmap, Says Government Official
The Zimbabwean Cabinet has approved a de-dollarization roadmap outlining “modalities to operationalize the Zig currency as legal tender…