X8 AG and X8 Group Inc. would like to share our latest progress update with you.
This is a cross-divisional thought-leadership report issued by S&P Global with contributions by S&P Global Ratings, S&P Global Market Intelligence and Coalition Greenwich, a division of CRISIL, an S&P Global Company.
Digital currencies have many potential uses, and public demand for programmable money is thus growing fast. It is likely to be issued primarily by central banks or supervised intermediaries. Helping to shape the ideal monetary system for the future is a priority for the SBA.
Record inflation has left Americans worried. Typical inflation hedges such as gold have disappointed among the panic. The way to beat inflation could potentially be in a new technology known as stablecoins.
Fiat-backed stablecoins are cryptocurrencies pegged to the value of real-world currencies, such as the U.S. dollar or euro, and backed by reserves in that currency.
There is a reason that “cash is king,” and people around the world want a digital form of cash that is private, offers final settlement, and cannot be “turned off” by a central party, argued Jeremy Allaire, co-founder and CEO of digital payments company Circle.
People should distinguish between stablecoins backed by hard currencies like the dollar and those like TerraUSD, according to the IMF’s top official.
X8 begins testing wallet-to-wallet and onboarding process for company’s stablecoins.
As an imminent player in the global stablecoin sector, X8 AG hereby issues this statement as a way of supporting the development of regulated stablecoins and their broader applicability to the way the world transacts.
During today’s BIS conference on DeFi, a considerable proportion of the panel on DeFi and stablecoins was spent discussing compliance and anonymity.