There’s a chronic paradox at the heart of stablecoin-based payment systems that will render them cost-prohibitive.
By: Izabella Kaminska
Why the rest of the world could learn from developments over the past decade in Indian payments.
By: Claire Jones
When you unpack the structures, there’s not a lot of difference between an ETF and a stablecoin.
The financing of two East India Companies highlights the state’s role as monetary backstop.
Or when theories of money collide with trendy digital fads.
Benoît Cœuré to head coordinated central bank response to innovation challenge from the private sector.
Those who admire it say it’s the best thing for mankind. Those who fear it, think it will become more powerful than governments...
Why you can’t make a stablecoin out of a stablecoin.
And why stablecoins are less than revolutionary on many fronts.
David Marcus says Libra is an “instrument of development” that will (somewhat paradoxically) allow Western nations to preserve their influence.
By: Jemima Kelly
Stablecoins are dollarisation by proxy.
By: Claire Jones and Izabella Kaminska
Finance minister calls for ban on development on European soil.
Central bankers are now deploying the kind of attacks they’re used to receiving.
By: Thomas Hale
(And against Alphaville specifically, it would seem.)
Clegg has a “very substantive” role at Facebook, apparently.
The BIS outlines why the issue isn't whether big tech techniques are effective; it's whether they are desirable.
SWIFT gets right to the point.
If they want to help, just start a foundation, without the new currency.
By: Brendan Greeley
Y NO BLOCKCHAIN? (But also: Y BLOCKCHAIN?)
Is it transparent enough? And why is it called Libra anyway?
By: Colby Smith and Izabella Kaminska
We've done the reading so you can impress at dinner parties.
Facebook takes a page out of JPMorgan and the Fed’s playbook; attempts to create a global digital reserve.