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Tether (USDT) is the world’s largest stablecoin with a market capitalization of more than $9 billion USD today, displaying its strength in staying ahead of the curve in a competitive cryptocurrency market. The leading stablecoin recently hit another milestone on decentralized lending platform Compound, with USDT supply surging past $230 million as reported over the last weekend.

As banks look to tokenize currency and USDT volume rises, experts see a bright future for stablecoins.

A vital function of the financial sector is to provide efficient ways for households and businesses to make and receive payments. A sound and well functioning payment system facilitates economic activity and supports long-run economic growth.1

Sweden's central bank just released a massive report on central bank digital currencies.

China’s planned CBDC rollout is expected to see the digital yuan dovetailing with the country’s electronic payment systems.

China is not playing catch-up, but rather exploring aggressively pragmatic ways to deploy a digital infrastructure for the whole economy with the blockchain tech implementation.

Hyun Song Shin, Economic Adviser and Head of Research, and Benoît Coeuré, Head of BIS Innovation Hub

The Italian Banking Association announced it would be ready to start work on a European central bank digital currency.

The world’s attention is on China who has recorded a great advancement in the development of its central bank digital currency (CBDC). The Chinese CBDC project, also known as digital currency elect

Central bank digital currency (CBDC) is one of the hottest trends in the crypto industry at present and as we see greater digital currency developments worldwide, the progress of China’s digital yuan is of particular importance in a time when other regional powers and superpowers are playing catch-up in the CBDC race. Trials for the digital yuan, also known as the Digital Currency/Electronic Payment (DC/EP) across several cities in China are still ongoing with no set launch date. On June 20, Zhongmin Wang, former Deputy Chairman of the China Social Security Fund Board, elaborated on the changes the DC/EP will bring.

The Italian Banking Association, Associazione Bancaria Italiana (ABI) has decided to participate in projects and experimentations of a European central bank digital currency, recently known as the

President Trump’s opposition to Bitcoin and cryptocurrencies is well documented as is his determination to maintain the US Dollar's global status. According to a passage from ex-national security a

CBDCs promise to speed up existing systems but are unlikely to change the direction central banks have already been taking.

A former senior official of the People’s Bank of China said that the country has completed the backend architecture development of its digital currency.

Singapore is considering a partnership with China as it works on developing a Central Bank Digital Currency dubbed Project Ubin