BIS: CBDCs Will Be the Future of Monetary Systems, Are Better than Crypto
BIS takes the ongoing bear market, as well as the collapse of stablecoin as an affirmation that crypto and DeFi cannot be the foundation of monetary systems.
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Stablecoin
Justin Sun’s Stablecoin USDD is Showing Signs of Depegging
Justin Sun, Tron CEO, explained that the firm is “actively buying crypto” to manage the stablecoin.
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What are Algorithmic Stablecoins?
Not all stablecoins are the same. It’s time to learn what makes algorithmic stablecoins unique and concerns about their “stability”.
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Another Stablecoin – DEI from DEUS FINANCE Collapses, Loses $1 Peg
DEI, which is a hybrid algorithmic stablecoin from DEUS FDinance, lost its 1 = 1 peg to the US dollar on Sunday.
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BSP To Pilot CBDC for Wholesale Transactions
The initiative is part of its aim to promote the stability of the country’s payment system.
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Reminder: Upcoming NFT 101 Livestream for Filipino Artists (March 31, 2021)
Plus Axie Infinity account got suspended, community rallies support.
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Monday Markets Wrap-up: Portfolios Should Still Be Green Today
PayPal creates a crypto business unit, while Visa will launch crypto-related APIs.
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Counterweight: The Case for Bitcoin as Central Bank Reserve Asset by Atty. Rafael Padilla
Rafael proposes that bitcoin, a new asset class, should be considered as a strategic reserve asset that can function as systemic hedge that will help maintain financial stability amid the economic havoc that is COVID-19 Pandemic, and to insulate the domestic financial system from the vulnerabilities of the current U.S. dollar-centric international monetary system.
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Wednesday Watch: Pounding on Resistance
A little over two weeks left and we bid this year goodbye.
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Legal and Regulatory Aspects of Stablecoins by Atty. Rafael Padilla
While the use of stablecoins could implicate several aspects of the law, three areas attained some level of prominence within legal and policy circles: securities regulation, anti-money laundering (AML), and financial service licensing.
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