Stabilising stablecoins: What can we learn from the collapse of TerraUSD?
by Digital Pound Foundation on Jul 27, 2022 12:05:31 PM
Co-authored by Jannah Patchay, Claire Conby, and Jonathan Marriott In May 2022, TerraUSD (UST) – previously the third-largest stablecoin with a market cap of USD $18+ Billion – lost its peg to the US Dollar, falling almost 95 percent within a matter of days. In this article, we look a …
Event Summary: Is Digital Money an Effective Defense Mechanism in Times of Crisis?
by Luca Rose on Jul 5, 2022 10:10:00 AM
In this panel on “Digital Money in Times of Crisis”, the panelists discussed questions around the general role of money, CBDCs as a defense mechanism and the role of states to issue digital forms of money in times of crisis. For those who missed the panel, you can rewatch itl on YouTu …
Reflections on Europe’s Markets in Crypto-Assets Framework (MICA)
by Dante Disparte on Jul 4, 2022 9:45:00 AM
Europe’s upcoming crypto-assets policy framework will be to crypto what GDPR was to privacy. Setting a harmonized policy and regulatory standard for something as fundamental to the future of crypto-assets in the third largest economic zone in the world is a significant milestone. Whil …
Circle’s New Euro Stablecoin: Issued from the US and used Outside the EU?
by Philipp Sandner, Jonas Gross on Jun 24, 2022 9:59:17 AM
Since Circle launched the US dollar stablecoin (USDC), the stablecoin's market capitalization has grown to a significant size of more than $50B. As of today, there is no euro stablecoin of a similar size. Now, Circle has announced plans to launch a euro stablecoin, starting June 30, 2 …
DLT in Banking Virtual Conference 2022
by Digital Euro Association on Jun 20, 2022 10:47:05 AM
The advent of DLT is challenging banks to move from established business models to a more technology-based financial ecosystem that could spark real disruption and produce a new era of value. Such solutions can help traditional banks modernize their technology and internal processes ( …
DEA provides industry insights on digital euro design to ECB
by Digital Euro Association on Jun 14, 2022 2:53:38 PM
The Digital Euro Association (DEA) is delighted to have been invited by the European Central Bank (ECB) to the Civil Society Seminar Series “Shaping the Digital Euro”. The seminar was an internal, online, and invite-only workshop between the ECB Deputy Head of Public Communications Ro …
Build a winning API-first strategy at Reuters Events Payments Summit Europe 2022
by Digital Euro Association on Jun 10, 2022 7:30:00 AM
The payment experience for customers, merchants, and corporates has already been transformed by the digital acceleration of the last three years. Going forward, if banks and fintech want to leverage the opportunities of the emerging instant payments, digital identity, and Artificial I …
Join Klarna, Citi, Starling and more Payments leaders in London this June
by Digital Euro Association on Jun 1, 2022 10:15:00 AM
An Open Payments ecosystem is changing how retailers accept payments, how banks manage their data, and affirming the need for robust consumer protection. Reuters Events: Payments Summit Europe 2022 is a focused gathering for top payments stakeholders looking to modernize their infrast …
How to insure against the risk of stablecoin runs
by Ezechiel Copic on May 26, 2022 10:28:01 AM
Deposit insurance would boost consumer confidence The news that TerraUSD, one of the largest algorithmic stablecoins with a market cap once above $18bn, broke its peg to the dollar has reverberated throughout financial markets. Although the variety of mechanics behind algorithmic stab …
Payments Summit EU 2022
by Digital Euro Association on May 18, 2022 12:19:43 PM
Join Santander UK, Bank of England, Starling and more in London at Payments Summit EU 2022. Regulatory, technological, and geopolitical changes continue to affect the payments and fintech industry at warp speed. From the adoption of digital assets to the management of payments data, b …