Casting Light on Central Bank Digital Currencies

This discussion note proposes a conceptual framework to assess the case for Central Bank Digital Currencies (CBDC) adoption from the perspective of users and central banks. It discusses possible CBDC designs, and explores potential benefits and costs, with a focus on the impact on monetary policy, financial stability, and integrity. This note also surveys research and pilot studies on CBDC by central banks around the world.

Shining Light on The State of Stablecoins

The report by and Dr. Garrick Hileman is the first of its kind to take a full look at the current state of the stablecoin market - an under-discussed but increasingly important part of the cryptocurrency ecosystem. And a space where we expect to see significant innovation in the coming years.

Interview with Stasis

Interview Gregory Klumov, CEO & Founder of Stasis, a fiat-backed stablecoin based in Malta. This June, they introduced a euro-pegged stable coin, EURS, and outlined their aim of bridging the gap between decentralized finance and off chain markets. The Maltese Prime Minister, Joseph Muscat, was at the launch event.

Interview with Preston J. Byrne

Preston J. Byrne has written critically about stablecoin projects, and is an outspoken and often-quoted critic of the current state in cryptocurrency , which we really need. Also: he loves marmots. Actually, that’s how we got in touch, through a marmot meme, but that’s another story.

On The (in)Stability of Stablecoins

This piece aims to prove that the only workable stablecoins are those that are composed of a simple (weighted) average of assets, more commonly called a “basket” or simply, “diversification of your portfolio”. It encourages regulators to focus on the topics of rehypothecation and commingling so as to not bring the failure modes of traditional finance into our crypto-financial future.

-By Bob McElrath