Circle launches euro-backed stablecoin EUROC
Demand for stablecoins continues to rise as businesses look to on-chain liquidity to improve their operations. Go to Source Powered by WPeMatico
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Demand for stablecoins continues to rise as businesses look to on-chain liquidity to improve their operations. Go to Source Powered by WPeMatico
“Keeping total digital euro holdings between one trillion and one and a half trillion euro would avoid negative effects for the financial system,” said Fabio Panetta. Go to Source Powered by WPeMatico
Strong euro and overbought readings could pressure the dollar further, showing signs of topping out—Bitcoin at risk of falling. Go to Source Powered by WPeMatico
The survey took place in the EU’s major economic areas such as France, Germany, Italy, Spain, Belgium, and the Netherlands. Go to Source Powered by WPeMatico
Commenting on the recent market volatility, Fabio Panetta also said stablecoins were still “vulnerable to runs,” just as investing in cryptocurrencies carried certain risks. Go to Source Powered by WPeMatico
Pressure from the Kremlin and sanctions from the West have forced Russian news outlet Meduza to increasingly rely on cryptocurrency donations to fund its independent journalism. As the restrictions imposed over Moscow’s invasion of Ukraine have prevented its Russian readers from contributing in fiat currency, the Riga-based website now accepts several digital coins. Meduza Pulls … Read more
The European Central Bank (ECB) leans toward a “transparent” digital euro over one that ensures a higher level of privacy for its users, a presentation devoted to the project has indicated. In the document, the monetary authority explores different privacy options for the eurozone’s digital fiat. User Anonymity Not Desirable for Digital Euro, ECB Says … Read more
Transactions via the EU’s prospective CBDC could be transparent to intermediaries, as any non-crypto digital transactions are. Go to Source Powered by WPeMatico
Eurozone’s monetary authority, the Eurosystem, is looking to enlist financial companies willing to develop front-end solutions for the digital euro. The plan is to carry out a “prototyping exercise” this year to test transactions to the back-end developed by the regulator. Eurosystem to Select Front-End Providers for Digital Euro Project Within the ongoing investigation into … Read more
In an interview, the sitting French president voiced his support for MiCA regulation and the digital euro project. Go to Source Powered by WPeMatico