Bloomberg · Jonathan Levin ·

Global central banks are pushing CBDCs to defend monetary sovereignty against USD stablecoins, but are struggling to find demand for the digital currencies

Cryptocurrencies emerged in part as a protest against central banks flooding the global economy with money during the financial crisis 18 years ago.

Global central banks are pushing CBDCs to defend monetary sovereignty against USD stablecoins, but are struggling to find demand for the digital currencies

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Bloomberg — Global central banks are pushing CBDCs to defend monetary sovereignty against USD stablecoins, but are struggling to find demand for the digital currencies ↗

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Aug 24Aug 25

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Cointelegraph: Cointelegraph

Blockonomi: Blockonomi

Bitcoin Insider: Bitcoin Insider

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Wall Street Journal: Banks are warming up to launching their own stablecoins as nonbank companies enter the market; sources: JPMorgan Chase evaluated launching its own stablecoin

The Guardian: Bank of England Governor warns that advanced AI could destabilize the highly interconnected global financial system via cyber disruption across jurisdictions

Financial Times: The UK Treasury tells the Bank of England to boost innovation in payment systems and digital money, as it seeks to promote the UK as a hub for stablecoins

Financial Times: Iran's central bank has quietly relaxed foreign currency controls and encouraged traders to repatriate funds via cryptocurrencies to bypass sanctions

Wall Street Journal: A consortium of 21 banks, including Bank of America, Citigroup, and Goldman Sachs, says it will establish a company and launch its stablecoin venture in H1 2027

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