Fiat Money News

Fiat money is an assent without intrinsic value that is established as money by government regulation. Fiat money is worth something only while the government maintains it. Monetary economists define fiat money as an intrinsically-valueless object that is widely accepted as a means of payment. Fiat money is mostly under the jurisdiction of central banks that are the issuers of new currency while also being its main regulator. Fiat money is not necessarily a physical asset. Today most of the value of fiat money is stored in digital form. The supply of fiat currency is one of the most important macroeconomic tools for monetary authorities to manage inflation, stimulate intensive economic growth, and reduce unemployment. The purchasing power of fiat money is glued to the state’s authority and any damage to that authority leads to a decrease of fiat money’s value and results in inflation.

News
The EIB has reportedly hired banks like Goldman Sachs and Société Générale to explore a digital bond registered and settled via blockchain.
European Investment Bank reportedly to issue bonds with blockchain tech
Helen Partz
2021-04-13T09:44:03+01:00
15382
News
Binance founder and CEO Changpeng Zhao is placing his bets on crypto.
CEO of biggest crypto exchange has ‘close to 100%’ of net worth in crypto
Helen Partz
2021-04-07T11:46:17+01:00
23065
News
The ECB will decide whether to proceed with digital euro pilots by mid-2021, Lagarde said.
Digital euro could take four years, says ECB president Christine Lagarde
Helen Partz
2021-03-31T12:05:39+01:00
6188
News
Tether’s reserves for its USDT stablecoin exceed the amount required to redeem the digital asset tokens, according to auditing firm Moore Cayman.
Tether stablecoin is fully backed, says new assurance report
Helen Partz
2021-03-30T14:54:54+01:00
14081
News
The digital ruble will become an integral part of national settlements by 2023 or 2024, Anatoly Aksakov of the Russian State Duma predicted.
Digital ruble is ‘highest form of money,’ Russian Bitcoin critic says
Helen Partz
2021-03-30T10:59:46+01:00
6163
News
Cryptocurrency exchanges continue accumulating massive amounts of stablecoins like Tether and USDC.
Stablecoin reserves on crypto exchanges hit new historic high of $10B
Helen Partz
2021-03-29T13:22:53+01:00
10389
News
Visa’s partners will be able to exchange USDC over the payment network to clear transactions made in fiat currency.
Visa plans to allow partners to settle fiat transactions with crypto
Turner Wright
2021-03-29T09:52:52+01:00
28204
News
The People’s Bank of China intends to enable anonymous digital yuan transactions of small amounts in order to protect “reasonable” anonymity needs.
China’s digital yuan will offer best privacy protection, says official
Helen Partz
2021-03-22T17:00:00+00:00
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