CBDCs

“Cashless” Rich Turrin, DigFin VOX, Ep 12

Richard Turrin is a consultant and author based in Shanghai. He began his career on investment banking trading floors. From 2013 to 2016 he worked at IBM’s artificial unit, Watson, where he was in charge of its Asia-Pacific fintech operations. His latest book is “Cashless: China’s Digital Currency Revolution”. He joins DigFin’s Jame DiBiasio to talk about the key themes of the book, including the nature and design of central-bank digital currencies (CBDCs), their uses, and their development in the context of China’s fintech story. Perhaps most pointedly, Turrin identifies

Tether surpasses XRP by market cap again

Tether (UDST), the world’s largest stablecoin by market capitalization, is again outperforming major altcoin XRP.On Sept. 1, Tether surpassed XRP as the third-largest cryptocurrency by market cap, becoming the second-largest altcoin after Ether (ETH).As of press time, USDT market cap accounts for more than $13.4 billion, according to data from crypto analytics website Coin360. XRP is now the fourth-largest coin by market cap at $13 billion.The latest movement in ranking is not new to the crypto market in 2020. Tether outstripped XRP as the third-largest crypto in May 2020.Both cryptocurrencies