STABLECOIN DIGEST 29.03.2020

European CCPs Call for Single EU Classification of Digital Assets

In COVID-19 Stimulus, US Congress Eyes Digital Dollar to Send Aid to the Unbanked

Amid contentious debate over the massive stimulus package in response to the coronavirus pandemic, Democrats in the United States House of Representatives look to implement the digital dollar to streamline payments to U.S. citizens outside of the traditional financial system.

Russian Ministry Wants to Test Crypto and Blockchain in Regulatory Sandboxes

Regulatory Roundup: Crypto Regulations Advance Despite Global Crisis, Cash Shortages, Bank Closures

Digital Dollar And Digital Wallet Bill Surfaces In The U.S. Senate

A bill has surfaced in the Senate called the ‘Banking For All Act’, sponsored by the Ranking Member of the Senate Banking Committee, U.S. Senator Sherrod Brown (D-OH). In the press release, Senator Brown lays out the details of his bill as well as how he looks forward to urging his colleagues to include it as part of the coronavirus economic stimulus package.

Turning A Crisis Into An Opportunity, China Gets One Step Closer to CBDC

As central banks around the world are cutting interest rates to zero and taking aggressive action against the economic recession due to the coronavirus pandemic, China’s central bank is accelerating its central bank digital currency (CBDC) plan.

Global Stablecoins May Be Subject to Securities Regulation, Says IOSCO

Europe leads institutional crypto-adoption as concerns continue to hold market back

IOSCO Board Unveils Report Detailing Stablecoins and Securities Regulations

The board of the International Organization of Commissions, or IOSCO, recently unveiled a write-up on stablecoins as they may overlap with current market regulations, including securities laws.

How MakerDAO’s Stablecoin Survived the Crash, Smart Contract Bugs and Full Decentralization

Why Circle’s (USDC) Is Best Placed To Challenge Tether’s (USDT) Stablecoin Dominance

Blockchain Africa Conference: Education Is Key Crypto Adoption Driver

Cryptocurrencies have seemingly taken a backseat due to a concerted focus on blockchain technology in Africa, but there is still a growing interest and demand for trading on the continent. This was one of the main takeaways from the Blockchain Africa conference held in Johannesburg in the middle of March 2020.

China and UK’s Planned Digital Currencies Appear to Have Little in Common

As major central bank digital currency (CBDC) projects develop apace, it is becoming clear that not all digital coins will look, or even function the same way.

Alipay Patents Reveal More Details About China’s Forthcoming CBDC

In the past month, Chinese payments platform Alipay has disclosed a number of patents relating to and revealing more details of China’s planned central bank digital currency (CBDC), the digital yuan.

Will Stablecoins Be the New International Currency?

Coin Metrics Report Shows Stablecoin Transfer Value Hit $444 Million

Can CBDC Help Recover From Coronavirus Recession And Lead To Bitcoin?

Stablecoins Will Have to Adapt to Survive Coronavirus Recession

Tone Vays Says Proposed Digital USD Is Nothing New

Retail Investors Can Now Use Paxos Gold as Collateral Against Loans

Swiss Crypto Bank Sygnum Launches Digital Swiss Franc (DCHF)

Pioneering Crypto Bank Launches CHF-Backed Stablecoin

Pioneering Swiss crypto bank Sygnum unveiled a stablecoin pegged to the Swiss franc on March 20. Sygnum’s ‘DCHF’ “settlement token” is backed 1:1 by funds held with the Swiss National Bank.

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