XRP Ledger Powers BIS Testing Initiative
Ripple CEO Brad Garlinghouse noted BIS research on XRPL’s data-verification system, emphasizing low fees and fast settlement. The test didn’t imply BIS adoption. #Update #Blockchain $XRP
BiS
Bitcoin Chief Dismisses Stablecoin Credibility
Pablo Hernández de Cos criticized stablecoins at Jackson Hole, noting issues like par redeemability and financial integrity. Global stablecoin supply reached $308B. #Update #Crypto $USDT
Visa JPMorgan Test Tokenized Bank Payments
The Bank for International Settlements tests blockchain payments with real money in Project Agorá, involving @JPMorgan, @UBS, and others to enhance cross-border transactions. #Update #Finance
XRP Surges Beyond $1K Pundit Predicts
Crypto analyst Remi suggests $XRP could surpass $1,000 due to potential use cases with DTCC and SWIFT, though current price is $1.42. #Update #Crypto $XRP
Stablecoin Market Flags $320B Stability Concern
BIS General Manager Pablo Hernández de Cos warns that the $320 billion stablecoin market, dominated by $USDT, poses financial stability and AML risks. #Update #Crypto $USDT
BIS Chief Questions Stablecoins as Money
Pablo Hernández de Cos, incoming head of the Bank for International Settlements, calls for strict regulation of stablecoins, citing risks to financial stability and challenges to global economies. #Update #Crypto $USDT $USDC
Crypto Revolution: Bridging TradFi with Real Assets
The Bank for International Settlements (BIS) reports that tokenizing real-world assets on blockchains strengthens crypto-TradFi links, potentially mainstreaming DeFi infrastructure. #Update #Crypto (+3) ↗
DeFi Dominated: Institutions Outpace Retail
Institutional traders dominate Uniswap, the largest DEX in DeFi, using advanced tactics that often outpace retail traders. This skill gap leads to higher profits for institutional players, challenging DeFi’s inclusivity and equal opportunity for all participants.