Explainer | The World Is Going All in on Stablecoins. Is China’s Digital Yuan Any Different?

Explainer | The world is going all in on stablecoins. Is China’s digital yuan any different?

While the two appear similar, China’s digital currency is quite different from the cryptocurrencies many economies are rushing to regulate.

Central Bank Digital Currency (CBDC) – Global Officials Look at New Era of Digital Finance - The Daily Hodl

HodlX Guest Post  Submit Your Post The world of finance is shaking up as central banks worldwide speed up exploration and creation of CBDCs (Central Bank Digital Currencies). The process that started as a somewhat tentative exploration of digital solutions has become an all-out race to update monetary infrastructures among various global nations. More than 100 countries are currently studying or testing their digital currencies. CBDC revolution …

South Korea Pauses CBDC Testing as Banks Eye Stablecoins

Key Insights: South Korea pauses CBDC testing as banks express concerns. Several major South Korean banks to launch a won-pegged stablecoin. The surge in stablecoin stocks fuels a 30% rally in the Kospi index. South Korea has witnessed the most dramatic change in its digital finance strategy, as the central bank moved to halt the pilot CBDC. However, while the country’s major commercial banks work hard to build and launch their own pegged stabl…

South Korea Pauses CBDC Project as Banks Pivot to Stablecoins

South Korea's central bank has temporarily paused its wholesale central bank digital currency (CBDC) and tokenized deposit project following pushback from participating commercial banks, according to multiple Korean press reports on Monday. The Bank of Korea's Project Han River, which involved seven major banks in digital currency trials, has been put on hold as the same institutions pivot toward launching their own stablecoin consortium.The pau…

CoinStats - CBDC on Ice: Korean Banks Pivot to Won-Backed...

South Korea's central bank abruptly halted its retail central bank digital currency (CBDC) pilot, while the nation's largest commercial banks accelerate their entry into Korean won-pegged stablecoins. The move is a sudden shift in the nation's digital finance direction and begins a new chapter in the international stablecoin-CBDC war.Political Winds and Industry PushbackThe Bank of Korea (BOK) told participating banks that it was putting on hold…