Kiffmeister’s #Fintech Daily Digest (06/22/2021)*

What Is and Isn’t a Central Bank Digital Currency?

I’ve set out my definition of what is and isn’t a retail central bank digital currency (CBDC) in a new post. It may be obvious to most, but you’d be surprised how many people misspecify various privately- and sovereign-issued crypto as CBDC. Comments welcome!

Stablecoin inflows to exchanges dip as traders watch Bitcoin from the sidelines

USDT issuance has begun to stagnate while the circulating supply of USDC continues. There has also been an increase in USDC deposited onto exchanges while the amount of USDT has declined. This is significant because Tether printing has historically been the impetus for major market moves, but its continued legal challenges and questions regarding assets held in reserve have made holding the token more of a liability as regulators increasingly crackdown on the cryptocurrency market. 

*For those interested in intra-day updates and news that didn’t make the Daily Digest cut, please check out my Diigo fintech bookmarks: