Fiat Freeway: China’s DCEP Progress in H2 2020

Last week, ‘Fiat Freeway’ reviewed an ECB Board Member’s stablecoin speech in Frankfurt, Circle’s blog post on using stablecoins for US foreign policy in Venezuela, and a BIS paper on “rigid stablecoins” from the late Bank of Amsterdam.

To date, we’ve mostly covered CBDC updates, including the ECB’s ‘digital euro’ initiative, the Fed’s classification of CBDC literature, and Norges Bank’s study on CBDC ‘Safe Asset’ Funding, as global monetary authorities appear to be on a PR campaign. Put simply, if 2019 was the ‘Year of the Stablecoin,’ then 2020 will likely be remembered in digital assets history as the ‘Year of the CBDC.’