Coinbase Launches the Coinbase 50 Index (Coinbase)
Coinbase launched the Coinbase 50 Index (COIN50), a benchmark representing the top 50 digital assets listed on Coinbase Exchange that meet the index’s fundamental criteria for inclusion. Crypto traders can use the COIN50 as a benchmark to track broader market trends and gain insight into the overall performance of the crypto economy. Eligible traders can trade this index via a COIN50 perpetual future (COIN50-PERP) with up to 20x leverage on Coinbase International Exchange and Coinbase Advanced. [Read more on Coinbase]
The impact of the digital euro on Austrian banks (ONB)
The Oesterreichische Nationalbank (ONB) published a paper that studies the impact the introduction of the digital euro might on Austrian banks from a financial stability perspective, based on the premise that the digital euro will not bear interest and will be subject to a holding limit. With respect to bank liquidity risk and profitability, it finds substantial effects only for extreme scenarios and high holding limits. Lower holding limits effectively contain adverse outcomes both with respect to interest income losses and liquidity risk. Overall, it concludes that the introduction of a digital euro would not pose a threat to the stability of the Austrian banking system provided the digital euro is subject to a carefully designed holding limit and remuneration model. From a purely financial stability perspective, low holding limits would be preferable to higher ones. [Read more at the ONB]
EIB issues €100m digital bond settled with wholesale CBDC (Ledger Insights)
The European Investment Bank (EIB) issued €100 million of digital bonds that will be settled using the Banque de France’s pilot wholesale central bank digital currency (CBDC) as part of the European Central Bank (ECB) wholesale distributed ledger technology (DLT) settlement trials. (The Banque de France actually refers to the wholesale CBDC tokens issued on its DL3S DLT platform as “tokenized representations of central bank money (CeBM)”.) The bonds will be issued on the HSBC Orion platform. [Read more at the EIB]
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Upcoming Speaking Engagements:
- Digital Euro Conference 2025, Frankfurt, March 27, 2025. The DEC25 conference will explore the future of money with a focus on CBDCs, stablecoins, tokenized deposits, and the intersection of AI and digital ID. When you register, get 20% off the regular ticket price by using the Kiffmeister20 code! [Find out more and register here]
And just a reminder that I produce a monthly digest of central bank digital currency (CBDC) developments exclusively for the official sector. So (only) if you work at a central bank, ministry of finance or international financial institution (e.g., the BIS, IMF, OECD, World Bank) and who would like to receive it by email on the first business day of every month, please DM me on LinkedIn or email me at john@kiffmeister.com.
