BIS Researchers Grapple With Implications of Interoperable CBDCs
Central bank digital currencies would largely benefit countries if they work together to eliminate traditional banking frictions, a research note said.
The Diem white paper suggests the company would be open to discussions with central banks about providing this service.
Disparte will help Circle's global expansion efforts, CEO Jeremy Allaire wrote in a blog post.
The pilot would see a single stablecoin pegged to the U.S. dollar.
“We believe the case for intervention in the wider cryptocurrency markets is less immediately pressing,” Economic Secretary to the Treasury John Glen said Tuesday.
"We’re not a bank and we don’t want to become a bank and we don’t want to compete with our customers who are banks," said Brad Smith.
A Bank of America report on a possible mass-adopted digital euro noted that such movement could spell difficulty for commercial banks that could see some of their deposits migrate to the European Central Bank.