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Tehran and Moscow are discussing the possible launch of a stablecoin for international settlements, the Russian press revealed. In order to mint the gold-backed currency, however, authorities would need to first regulate crypto assets, a lawmaker noted. Russian, Iranian Representatives Talk Using Gold-Backed Stablecoin in Foreign Trade Iran’s central bank is considering the possibility of […]Powered by WPeMatico
The proposed distributed ledger technology-backed “Asian yuan” token would supposedly help reduce Asia’s dependence on the U.S. dollar for international business.
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National security experts have raised the alarm bells over the “IS-NEWS #01″ NFT, which is being seen as the first case of an NFT created and shared by a “terrorist sympathizer.”
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Gold has historically been a reserve currency for many countries and an important wealth metric for economies. Today, it still plays an important role in each of these factors, but the issue of digitization of the precious metal has been rather slow and mostly confined to long-term storage solutions and not transactions themselves. With the advent of blockchain technology and distribution ledgers, bullion traders, investors and exchange companies have been anticipating a blockchain-based gold trading and ownership solution. Distributed ledger technology’s innate capability to make transactions safer, faster and free from adulteration in the future paves the way. Digital Gold,
The post Real Gold Can Now Be Digitalized for the Crypto Market appeared first on The Merkle Hash.
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