Fiat Money News

Bitcoin may not cause the current monetary and financial system to go extinct, though its usage will likely vary depending on one’s location.

After banning crypto payments back in 2017, Indonesia is looking to allow payments in a digital rupiah currency.

Massive volatility on crypto markets has been always associated with an uptick on stablecoin markets, a Tether exec noted.

While CBDCs could help central banks address the decline in cash payments, some risk factors remain.

According to Galaxy’s estimates, the annual energy usage of Bitcoin stands at 114 TWh, while the banking industry consumes over 260 TWh each year.

The Bank of England's deputy governor has argued that, with the possible rise of non-bank actors issuing currency, public money in digital form could serve as a crucial anchor for confidence in money as a social convention.

Billionaire Stanley Druckenmiller thinks some kind of crypto-derived ledger system may replace the U.S. dollar as the world’s reserve currency in the future.

The EIB has reportedly hired banks like Goldman Sachs and Société Générale to explore a digital bond registered and settled via blockchain.

Binance founder and CEO Changpeng Zhao is placing his bets on crypto.

The ECB will decide whether to proceed with digital euro pilots by mid-2021, Lagarde said.

Tether’s reserves for its USDT stablecoin exceed the amount required to redeem the digital asset tokens, according to auditing firm Moore Cayman.

The digital ruble will become an integral part of national settlements by 2023 or 2024, Anatoly Aksakov of the Russian State Duma predicted.

Cryptocurrency exchanges continue accumulating massive amounts of stablecoins like Tether and USDC.

Visa’s partners will be able to exchange USDC over the payment network to clear transactions made in fiat currency.

The People’s Bank of China intends to enable anonymous digital yuan transactions of small amounts in order to protect “reasonable” anonymity needs.