showcase Stablecoin Domains - Showcase and Discuss

Big news about GSCS about to drop!

BIS steps up encouragement for CBDCs, says they can coexist with private stablecoins

The Block as to whether governments issuing CBDCs would put up with the private competition, Cœuré said, “What you call competition, I would call it choice for the customer. If you go out after this press conference and buy a beer, you would be choosing between cash, a card, or your mobile phone. That’s exactly the kind of choice that we want to preserve when talking about CBDC — provided that the stablecoin is properly regulated as a means of payment, of course.”


https://www.theblockcrypto.com/post...ays-they-can-coexist-with-private-stablecoins

#Stablecoins #CBDC

I had about 15 CBDC domains but I dropped most of them because they were not high quality. Keeping these 4 for the long run though:

CBDC + Consulting dot com
CBDC + Gobal dot com
CBDC + Labs dot com
CBDC dot Finance

Also a 5th one which I'll reveal when/if it sells.

Few understand that Stablecoins are about to go mainstream. They are now getting regular exposure on mainstream media outlets. This is just the beginning. Once regulation hits before the end of 2022 there’s going to be a Tsunami of interest in Stable/Stablecoin domains from institutional investors.

Live on Bloomberg: Benefits of Regulating Stablecoin

Stablecoins Need to Build Trust for Mainstream Adoption: Paxos CEO Cascarilla

https://www.bloomberg.com/news/vide...ainstream-adoption-paxos-ceo-cascarilla-video

The USDC market cap is now over $25 billion, with an average growth rate of more than $200 million per day over the past six weeks.

From the NY Fed Research blog today -

Central Banks can and will get behind private digital currencies

https://libertystreeteconomics.newyorkfed.org/2021/06/central-banks-and-digital-currencies.html

Fortune.com now getting in on the Stablecoin action.

Will the Fed embrace a de facto digital dollar?

Fidelity-backed Circle aims to win converts to its dollar-backed USD Coin, including the Fed.

https://fortune.com/2021/06/24/crypto-stablecoin-us-fed-digital-dollar-circle/

Basel Committee outlines tough stance on cryptocurrencies

Global regulator proposes high risk-weight for bitcoin and ethereum, in contrast to reserve-backed #cryptoassets such as #stablecoins.

https://www.thebanker.com/Transacti...tee-outlines-tough-stance-on-cryptocurrencies

From WSJ

Some Federal Reserve officials are slowly starting to sketch out how a prospective Fedcoin might work as the central bank cautiously moves forward with its digital dollar project.

Fed policy makers have said a digital dollar could make it faster and cheaper to move money around the financial system, bring people who lack bank accounts into the financial system, provide an efficient way for the government to distribute financial aid, and even let merchants avoid fees to credit card processors.

But...

https://www.wsj.com/articles/fed-of...to-explain-how-fedcoin-might-work-11624641404

Fedcoin // app

DomainWolf said:

From WSJ

Some Federal Reserve officials are slowly starting to sketch out how a prospective Fedcoin might work as the central bank cautiously moves forward with its digital dollar project.

Fed policy makers have said a digital dollar could make it faster and cheaper to move money around the financial system, bring people who lack bank accounts into the financial system, provide an efficient way for the government to distribute financial aid, and even let merchants avoid fees to credit card processors.

But...

https://www.wsj.com/articles/fed-of...to-explain-how-fedcoin-might-work-11624641404

Fedcoin // app

Click to expand...

Fedcoin sounds like a dystopian nightmare.

Levi_charlz said:

Fedcoin sounds like a dystopian nightmare.

Click to expand...

True. But that has never stopped governments in the past.

Judging by the lack of support on this forum for Stablecoins I presume the same for the U.S in general. It doesn’t look good tbh. Not exactly the vibrant free market upon which America was built.

A Central Bank Digital Currency Would Be Bad for the US

‘The fastest way to disrupt the very financial system that has made the U.S. the economic and political envy of the world would be to succumb to the pressures of launching a centralized digital currency. While the U.S. banking and financial system can improve how it deals with rampant cyberthreats and an impossible digital transformation agenda that favors the largest banks in the country, CBDCs would disrupt the two-tiered banking system, while providing uncertain outcomes for consumers and markets.

The two-tiered banking system is the structure that enables household-name banks to interface directly with a country’s central bank, enhancing consumer protection and regulations, while at the same time enabling central banks to convey monetary policy.’

https://www.coindesk.com/a-central-bank-digital-currency-would-be-bad-for-the-us

Then again, USDC’s growth of $200 Million per day over the last 6 weeks is a pretty good indicator of where US Dollar Stablecoins are heading.

I would think that stablecoins are at this moment of interest for the USA.
The amount of stablecoins pegged to the Dollar as Tether, USD Coin, Paxos, DAI, Binance all with huge market caps, benifits the dollar use (also as a saving currency in plenty of countries were there coin is worth close to nothing)
China is taking big moves to protect its coin, and keep on developing its digital Yuan and USA does not seem to decide to go all in.
Still holding on to Stablecoins(.)ai and its translation in spanish dot com.

M.Rovert said:

I would think that stablecoins are at this moment of interest for the USA.
The amount of stablecoins pegged to the Dollar as Tether, USD Coin, Paxos, DAI, Binance all with huge market caps, benifits the dollar use (also as a saving currency in plenty of countries were there coin is worth close to nothing)
China is taking big moves to protect its coin, and keep on developing its digital Yuan and USA does not seem to decide to go all in.
Still holding on to Stablecoins(.)ai and its translation in spanish dot com.

Click to expand...

Many people only talk about El Salvador while de-dollarization is happening globally.

The global share of US-dollar-denominated exchange reserves dropped to 59.0% in 4th quarter.

This is a 25 year low.

The US needs Global Stablecoins like Facebook’s Diem sooner rather than later.

US Fed Official Calls Tether a ‘Challenge’ to Financial Stability

Eric Rosengren included the stablecoin among what he termed new disruptors to short-term credit markets.

“I do worry that the stablecoin market that is currently, pretty much unregulated as it grows and becomes a more important sector of our economy, that we need to take seriously what happens when people run from these type of instruments very quickly.”

https://www.coindesk.com/us-fed-official-calls-tether-a-challenge-to-financial-stability

Circle and Global Exchange Crypto.com Announce Partnership

Hong Kong-based Crypto.com will leverage Circle APIs to onramp fiat funds, giving their more than 10 million customers access to funds settled in USD Coin (USDC). Using international wire transfers, Crypto.com users can easily add value to their digital asset accounts to buy Bitcoin, Ethereum, and 100 other crypto assets.

In addition, Crypto.com’s global customer base will be able to use USDC for Decentralized Finance (DeFi) investments and to power collecting and trading non-fungible tokens (NFTs).

https://www.circle.com/blog/circle-and-global-exchange-crypto.com-announce-partnership

Boston’s Circle drives the next big thing in digital money — stablecoin

https://www.bostonglobe.com/2021/06/27/business/bostons-circle-drives-next-big-thing-digital-money-stablecoin

The Federal Reserves latest release

Parachute Pants and Central Bank Money

Vice Chair for Supervision Randal K. Quarles

“In my judgment, we do not need to fear stablecoins. The Federal Reserve has traditionally supported responsible private-sector innovation. Consistent with this tradition, I believe that we must take strong account of the potential benefits of stablecoins, including the possibility that a U.S. dollar stablecoin might support the role of the dollar in the global economy. For example, a global U.S. dollar stablecoin network could encourage use of the dollar by making cross-border payments faster and cheaper, and it potentially could be deployed much faster and with fewer downsides than a CBDC. And the concern that stablecoins represent the unprecedented creation of private money and thus challenge our monetary sovereignty is puzzling, given that our existing system involves—indeed depends on—private firms creating money every day.”

https://www.federalreserve.gov/newsevents/speech/quarles20210628a.htm

Mark Carney: stablecoins should have access to central bank balance sheet

In Carney’s view stablecoins should have the same protection accorded to commercial money, as the capability to be paid on demand in fiat currency, to be supported from the central bank during times of stress, and a depositor protection fund. However, to receive these protections, stablecoins should comply with strong requirements both on capital and liquidity.

About the role of Commercial Banks, Mark Carney stated:

“Banks are a means to an end, not ends in themselves. And will have to adapt to a much more competitive environment.” This is similar to recent comments by his former colleague Sir John Cunliffe, Deputy Governor of the Bank of England: “The Bank of England doesn’t have the responsibility or brief to preserve the current model of banking. We have a responsibility to preserve financial stability. And the current role of banks and financial stability is not the same thing.”

https://www.ledgerinsights.com/mark-carney-stablecoins-access-to-central-bank-balance-sheet/

Levi_charlz said:

The Federal Reserves latest release

Parachute Pants and Central Bank Money

Vice Chair for Supervision Randal K. Quarles

“In my judgment, we do not need to fear stablecoins. The Federal Reserve has traditionally supported responsible private-sector innovation. Consistent with this tradition, I believe that we must take strong account of the potential benefits of stablecoins, including the possibility that a U.S. dollar stablecoin might support the role of the dollar in the global economy. For example, a global U.S. dollar stablecoin network could encourage use of the dollar by making cross-border payments faster and cheaper, and it potentially could be deployed much faster and with fewer downsides than a CBDC. And the concern that stablecoins represent the unprecedented creation of private money and thus challenge our monetary sovereignty is puzzling, given that our existing system involves—indeed depends on—private firms creating money every day.”

https://www.federalreserve.gov/newsevents/speech/quarles20210628a.htm

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This will be remembered as a landmark speech.

Is this the Global U.S Dollar Stablecoin network the Federal Reserve recently name dropped in their latest speech?

Announcing USDC on Ten New Blockchain Platforms

https://www-centre-io.cdn.ampproject.org/c/s/www.centre.io/blog/announcing-usdc-on-ten-new-blockchain-platforms

The digital euro: Something Europe can’t afford to get wrong

Europe must recognize not only the importance of the digital euro for the future of the European economy but also the need for different types of a digital euro. Ideally, this should include not only a euro central bank digital currency (CBDC) but also separate, euro-referenced stablecoins and other modes.

https://cointelegraph.com/news/the-digital-euro-something-europe-can-t-afford-to-get-wrong

NameFu said:

I had about 15 CBDC domains but I dropped most of them because they were not high quality. Keeping these 4 for the long run though:

CBDC + Consulting dot com
CBDC + Gobal dot com
CBDC + Labs dot com
CBDC dot Finance

Also a 5th one which I'll reveal when/if it sells.

Click to expand...

CBDC dot finance is my fav.