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Consultation report seeks confirmation that the principles for PFMI apply to stablecoin
The Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) has published, for public consultation, preliminary guidance that confirms and clarifies that stablecoin arrangements... read more
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Visa launch stablecoin and CBDC Universal Payments Channel
Visa has announced the launch of a Universal Payments Channel that will support transactions between stablecoins and CBDCs. It an ambitious idea from Visa at this time as it hopes... read more
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CBDC beyond borders: BIS results from a survey of central banks
Central bank digital currencies (CBDCs) could ease current frictions in cross-border payments – and particularly so if central banks factor an international dimension into CBDC design from the outset. Based... read more
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Diem drops Swiss license and heads to US for stablecoin trial
Facebooks cryptocurrency Diem has been forced to abandon plans to gain a license in Switzerland via its financial regulator FINMA and is instead going to set up operations in the... read more
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Visa first to settle transactions in USD Coin (USDC)
Visa says it has nailed a major industry first in bridging the worlds of digital and traditional fiat currencies: the use of USD Coin (USDC), a stablecoin backed by the US... read more
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