Gold-collateralized stablecoin approach ensures long-term security and trust in the evolving digital economy.
CBDC News
A central bank digital currency, or CBDC, is a digital version of a region’s fiat currency, put out by the region’s monetary authority. CBDCs gained a significant spotlight in 2020, with numerous countries expressing interest in their own versions of the asset type. Some countries pushed faster than others toward their own native digital currency. China, for example, moved quickly toward the prospect of its own CBDC, called the digital yuan.
The Bahamas burst on the central bank digital currency market in 2020 with the first CBDC. Called the Sand Dollar, the country’s CBDC is a national digital currency for the region, holding the same value as the Bahamian dollar. CBDCs differ from crypto-native stablecoins put out by crypto industry entities. Such stablecoins aim to track the value of underlying assets, such as the U.S. dollar, although the stablecoins themselves are not official regional currencies and are often overseen by companies.
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A new ECB survey reveals significant consumer reluctance toward adopting a digital euro, with Europeans seeing little value in the CBDC.
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Emmer called CBDCs a “threat to American values” and reintroduced the Anti-Surveillance State Act to block a federal digital dollar.
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European Stability Mechanism managing director Pierre Gramegna says a potential flood of US dollar-denominated stablecoin payment solutions could impact Europe’s monetary sovereignty.
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European lawmakers have yet to respond to Trump’s Bitcoin reserve order as the ECB pushes ahead with its digital euro plans for an October 2025 launch.
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Majority Whip Tom Emmer first proposed banning Federal Reserve banks from using or issuing a digital dollar in 2022.
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As El Salvador struggles with Bitcoin adoption, Kyrgyzstan embraces a gold-backed stablecoin and organized blockchain strategy.
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The Bank of Israel released a preliminary design for a digital shekel, detailing its ecosystem, technical framework and regulatory considerations.
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Kyrgyzstan launches a gold-backed stablecoin that prioritizes transparency, financial inclusion and real-world utility over centralized control.
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European Central Bank leaders insist on greater centralization and tighter regulations amid macroeconomic challenges.
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Deutsche Börse CEO Stephan Leithner calls for a permanent digital euro, citing its role in financial stability, efficiency and EU autonomy.
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A survey from a central bank-focused think tank found that fewer than one in five central banks are inclined to issue a central bank digital currency, compared to 38% in 2022.
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Jerome Powell, who has served as chair of the Federal Reserve since 2018, made a guarantee to lawmakers in the Senate regarding a US central bank digital currency.
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Learn how Stellar (XLM) enables seamless transactions, promotes financial inclusion, and supports a decentralized digital economy.
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Trump’s executive order may be a “game-changer” for institutional crypto adoption, signaling a presidential bet on the existing crypto ecosystem.
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