Former Canadian prime minister Stephen Harper has mentioned bitcoin alongside gold as assets that can possibly act as alternative reserve currencies. However, the former premier still argues that despite the growing questions about the dollar’s reserve status, he does not see any real prospect of that changing anytime soon. Instead, he envisions these alternatives becoming […]
Category: Euro
EU Seeks to Curb Reliance on US Dollar After American Sanctions Exposed Financial Infrastructure Vulnerabilities
The European Union (EU) is reportedly planning to reduce its reliance on the U.S. dollar-based financial system, after American sanctions on Iran exposed the vulnerabilities of the bloc’s financial infrastructure. According to officials, who are now determined to challenge the dollar’s supremacy, the renewed desire to boost the role of the euro currency is also […]
Cointelegraph predictions for the first 5 CBDCs of 2021-2022
2021 & 2022 touted to be the most important years for the development of CBDCs
Bitcoin Lightning Startup Zap Goes Global, Adding Multiple Fiat Pairs, Stablecoins
Visa partner Strike is adding support for multiple fiat currency pairs plus stablecoins as part of its journey to become a “Bitcoin neo-bank.”
The US Dollar’s Share of Global Reserve Currencies Drops as Japanese Yen’s Share Increases
The U.S. dollar’s dominant position as the reserve currency of choice may be in peril, as its share of global currencies held in reserves continues to decline. International Monetary Fund (IMF) data shows, the dollar’s share of reserves dropped from 66% in Q3 of 2014 to just above 60% in Q3 of 2020. This means […]
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Spanish Municipality Creates Its Own Cryptocurrency to Boost Economy Hurt by Coronavirus Crisis
A municipality in the province of Sevilla, Spain, has launched its own cryptocurrency, which aims to encourage residents and merchants to arrange transactions with it in the midst of the coronavirus-driven economic impact. Spain’s Sevilla Municipality Launches ‘Elio’ Cryptocurrency to Boost Local Economy According to Europa Press, the City Council of Lebrija created “Elio,” a […]
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Curve Finance wants to promote euro stablecoins in DeFi
New pool allows European and Asian users to avoid US dollar exposure.
EU firm’s head trader explains why euro stablecoins are hard to come by
The crypto world does not have a major euro-pegged stablecoin yet.
Euro stablecoin launched on Stellar by one of Europe’s oldest banks
The EURB is fully regulated and backed 100% by Euros, allowing banks and institutional investors to use the cryptocurrency without exposure to counterparty risk.
EURST Stablecoin – The Cost of Answering the Call of the Economic Times
The technological developments brought about by the invention of blockchain, bitcoin, and cryptocurrencies are rapidly transforming the financial landscape with the nascent industry failing to fit any conventional classification to become an asset class of its own. Stablecoins Are the Solution Tumultuous as it was in its journey towards the mainstream, the digital currency industry […]
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