Kiffmeister’s #Fintech Daily Digest (20220413)

Brazil Says It Will start Its Pilot Test for a CBDC in Q4 2022

Central Bank of Brazil President Roberto Campos Neto confirmed that the Digital Real central bank digital currency (CBDC) pilot launch will go live later this year. [Read more]

TON Foundation In Talks With Three African Countries To Launch Stablecoins

Three African country governments are working on a cross-border stablecoin-based payment system with The Open Network (TON), a blockchain designed by the founders of the Telegram messaging platform. The three countries are Republic of Congo (Ministry of Posts, Telecommunications and Digital Economy) Cameroon (Ministry of Posts and Telecommunications), and the Democratic Republic of Congo (Ministry of Digital Economy). Cameroon and the Republic of Congo are part of the Central African Economic and Monetary Community (CAEMC), a six-nation union that shares a common currency (CFA franc) and central bank. [Read more]

Circle Announces $400M Funding Round

Circle Internet Financial, a global internet finance firm and the issuer of USD Coin (USDC) has entered into an agreement for a $400 million funding round with investments from BlackRock, Fidelity, Marshall Wace LLP and Fin Capital. The funding round is expected to close in the second quarter. In addition to its corporate strategic investment and role as a primary asset manager of
USDC cash reserves, BlackRock has entered into a broader strategic partnership with Circle, which includes exploring capital market applications for USDC. [Read more]

Upcoming events I’m affiliated with:

The CBDC Think Tank is hosting several webinars over the next month:

Satoshi Capital Advisors is hosting a virtual workshop on wholesale CBDC, stablecoins and digital capital markets on May 24 (starting at 08:00 EST). [Register here with the passcode: CBDC]