Fiat Freeway: Visa adds a novel CBDC Protocol to its Growing Digital Ecosystem

Last week, ‘Fiat Freeway’ examined Paxos’ $142M Series C fundraising and FinCEN’s newly proposed KYC rules for digital wallets.

We’ve also previously covered the influx of applications by digital asset firms seeking to obtain banking licenses, recent digital asset industry backlash from Capitol Hill, China’s Digital Currency Electronic Payment (DC/EP) progress in the second half of 2020, the ECB’s ‘digital euro’ initiative, the Fed’s classification of CBDC literature, Norges Bank’s study on CBDC ‘Safe Asset’ Funding, 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.