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A New Zealand dollar-pegged stablecoin has gone live through a partnership with New Zealand crypto exchange Easy Crypto and Australian blockchain development firm Labrys.In a Nov. 22 announcement, Labrys and Easy Crypto said the NZDD will be backed 1:1 with cash in trust and regulated by the New Zealand Financial
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Blast boasts prominent investors Paradigm and eGirl Capital among others, but there’s no way to withdraw funds until February. Source
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A pilot program for a live Singapore dollar-based central bank digital currency (CBDC) was unveiled by Singapore’s central bank with a wholesale CBDC to be used by local banks for settlements. “I am pleased to announce that MAS will pilot the ‘live’ issuance of wholesale CBDCs to instantaneously settle payments across
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The Monetary Authority of Singapore (MAS) is set to launch a live pilot of a CBDC for wholesale interbank settlements, marking a significant step in the integration of digital currencies into mainstream banking operations. The Monetary Authority of Singapore (MAS) has announced plans to implement a live central bank digital currency
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MAS’ Orchid Blueprint sets out the technology infrastructure required for digital money transfers in the future, and a new set of four trials involving industry players looks to test various components. One, looking at tokenized bank liabilities for retail payments, will first be trialed at the Singapore FinTech Festival 2023,
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“We've taken a collateral mirroring agreement and embedded that so we can trade the full suite of OKX products in the derivatives platform,” said Fellas in an interview. “This is a lot more complicated, because you've got margin financing, you have to deal with risk mitigation on the downside, for
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An XRP and crypto enthusiast on X (formerly Twitter) has announced the launch of the newest version of the XRP Ledger, highlighting
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Polygon ID Release 5 comes with exciting new features including on-chain issuer, issuer node, along with the addition of a new credentials marketplace. In a groundbreaking development, Polygon ID has unveiled Release 5, a significant stride toward constructing a dynamic decentralized identity ecosystem. This latest release introduces a host of features
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A recent report by the Bank for International Settlements raises concerns about stablecoins’ ability to maintain parity with their pegged assets, challenging their stability and reliability as a digital currency. In a recent report by the Bank for International Settlements (BIS), stablecoins, a type of cryptocurrency pegged to assets like the
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For stablecoins to be able to be used as a means of exchange they should be able to maintain their value during the day, economists at the Bank for International Settlements said. Source
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