A stablecoin is a type of cryptocurrency whose value is tied to an outside asset, such as the U.S. dollar or gold, to stabilize the price.
Mass Adoption of a Digital Euro Could Be a ‘Clear Negative’ for Europe’s Banks: BofA
A Bank of America report on a possible mass-adopted digital euro noted that such movement could spell difficulty for commercial banks that could see some of their deposits migrate to the European Central Bank.
Rebranded Libra Still a ‘Wolf in Sheep’s Clothing’: German Finance Minister
German Finance Minister Olaf Scholz took aim at the rebranded lDiem and said it would take more than cosmetic changes to smoothen regulatory concerns.
Spotify Looking for Associate Director to Lead Activity on Libra Project, Other Crypto Efforts
The world’s largest audio streaming service is on the hunt for a new associate director to lead its activity within the Libra stablecoin project.
Libra Rebrands to ‘Diem’ in Anticipation of 2021 Launch
The Libra Association is rebranding itself to “Diem” to distance itself from the original multi-currency stablecoin vision as it prepares for a possible 2021 launch.