archiveDigital Currency

Listen to this article As decentralized digital assets, cryptocurrencies like Bitcoin currently require real-world comparisons to understand their actual valuation. The United States dollar is one of the most widely used currencies in such comparisons, as it serves as a global reserve currency. As such, investors must be aware of the Bitcoin price USD conversion rate, which provides real-world insight into the token’s market strength. Simply by comparing Bitcoin to the dollar, investors gain an accurate sense of the cryptocurrency’s actual purchasing power and market standing. A price comparison to...

The official also claimed the ECB has recently been hyping the stablecoin menace to bolster political support for its controversial digital euro project, an effort to build a pan-European payment system that, it says, would shield Europe's financial infrastructure from crypto-assets. Stablecoins denominated in dollars, which are backed primarily by U.S. treasuries, account for 99 percent of the $240 billion market, according to Frankfurt. The central bank fears that allowing dollar-backed stablecoin issuers to offer their product in both the U.S. and the EU could also favor “existing non-EU stablecoin...

Everyone has been hyping up Central Bank Digital Currency (CBDC), and rightly so. Governments worldwide are betting big on digital currencies, but here’s the reality—most of them have struggled. China’s Digital Yuan isn’t seeing real adoption, Nigeria’s eNaira flopped, and Europe is still debating the Digital Euro. So, does India stand a chance? Absolutely but with some changes. And here’s why—India already cracked the code with UPI.If we apply the same logic and build CBDC into the existing financial ecosystem rather than competing with it to open new avenues where...