The Digital Dollar Is No Longer Needed: Cryptocurrency and Blockchain News
10.12.2019
The Russian authorities decided to finalize Rostec's roadmap for blockchain and quantum sensors (microscopic sensors of ultra-high sensitivity). It is not yet known what kind of improvements will be included. These roadmaps have not passed stress tests. In July, the government signed a number of agreements with large companies within the framework of the digital technology development program. A curator was assigned to each technology, for example, Sberbank was assigned to artificial intelligence technology, and Rostec was assigned to blockchain and Internet of Things technologies.It's cool, we hope that this is not another hyperloop.
The US Treasury and the Federal Reserve System (FRS) did not see the need for a digital dollar. This was stated by US Treasury Secretary Steven Mnuchin in response to questions about Libra. Earlier, the head of the European Central Bank, Christine Lagarde, reported that the digital euro will help stabilize the global financial system, but a hasty issue can only do harm by cutting off the ECB's connection with other banks.
And now for those who still do not believe in digital currencies:
The Central Bank of Lithuania, meanwhile, announced the release of collection tokens dedicated to the signing of the Act of Independence. When purchasing a token, users will receive 6 randomly selected coins, after which they can order a physical silver coin. In total, it is planned to issue 24 thousand tokens.
Another country plans to consider a law on the regulation of cryptocurrencies. The South Korean government is determined to tax transactions with cryptocurrencies, but first you need to determine the exact meaning of the concept of crypts. And they will also take data from crypto exchanges, so many will have to forget about anonymity.
Course dynamics
Current Articles
USDT, often dubbed as the gold standard of stablecoins, remains a stalwart in the volatile realm of cryptocurrencies. Tethered to the value of the US dollar at a 1:1 ratio, USDT boasts a digital fortress backed by equivalent dollar reserves for every single unit in circulation. Unlike its volatile counterparts, USDT, along with its ilk, endeavors to maintain an unwavering value, rendering them indispensable for both trading and storing wealth.
USDD, a product of TRON DAO Reserve, represents an advanced ecosystem of stablecoins meticulously designed to reflect the value of the US dollar, initiating a transition towards a reliable, decentralized digital currency infrastructure aimed at seamless blockchain transactions.
In a realm characterized by the volatility and instability of the cryptocurrency market, Tether serves as an island of tranquility and reliability. But what exactly is Tether?
Tether is a cryptocurrency pegged to a fixed exchange rate with a fiat currency, most commonly the US dollar. Its primary objective is to ensure stability and reliability in the realm of cryptocurrency transactions. In other words, one Tether token is always equivalent to one US dollar.