The Currency Analytics
By Maheen Hernandez
While cryptocurrency might be the future, there are questions as to whether it is possible to sustain itself with mining and all other maintenance parameters.
Ex-CFTC heads proposed a blockchain-based digital dollar given the Decline of the USD. They were talking about a government-sanctioned blockchain technology-based…
The digital dollar that they are talking about will be backed by the USD and will function as a stable coin usable for daily transactions domestically and abroad.
This proposed monetary system will hold advantages over the existing financial system. However, the system will be reliable on “trusted, regulated intermediaries to…
Giancarlo and Gorfine are the pilots of this proposal, and they state that this system will provide for higher transaction speeds and will facilitate micropayments.
In the current scenario, the pilots of the project proposal have a clue on whether there is a “no perfect solution exists to address the challenges and promises of digital…
De-dollarization is an evolving trend. Several countries are focusing on less dollar usage for international transactions.
The battle between the Libra and the USD is brewing and continuing underway. In the current scenario, the question is not whether the digital coins will go mainstream.
The US government has a fear about the progress of China in the process of launching a Chinese Yuan. The Federal Reserve might be issuing a digital currency of its own.
A lot of stable coins which are collateralized with the stable coins are becoming popular. And decentralized enthusiasts are happy about a stable exchange media.
Governments, corporations, and decentralized projects are competing with each other to take a dominant control over the future of the cryptocurrency.