‘Central Bank Digital Currencies would be a novel type of central bank money’ – EU Official

Vitas Vasiliauskas, a member of the Governing Council of the ECB and chairman of the board of the Bank of Lithuania, has come out generally in favour of wholesale central bank digital currencies (CBDCs).   Broadly defined, a CBDC is a digital form of central bank money that is different from balances in traditional reserve or settlement accounts. It would serve as a medium of exchange, a means of payment and a store of value, just like the current forms of central bank money.   Matt Branton, is an expert…

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Tether Used Reserves to Buy Bitcoin not a complete surprise comments Matt Branton, CTO of Neutral

Tether has admitted to using asset reserves to invest in Bitcoin, meaning that it has not consistently maintained its 1:1 USD peg, strongly misleading its investors. This latest revelation to emerge in Bitfinex’s battle with the New York Attorney General’s office adds to the growing uncertainty, instability, and lack of transparency increasingly associated with Tether.   Matt Branton, CTO of Neutral and architect of Neutral Dollar, a next-generation stablecoin pegged to a basket of four live stablecoins for increased stability, liquidity, and transparency, has weighed in on the matter.  …

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Neutral Launches ‘Neutral Platform’ for Stablecoin Deposits into Aggregated Basket

Next-generation stablecoin, Neutral Dollar, to accept deposits of DAI, PAX, TUSD, and USDC   San Francisco – May 16th, 2019 – Neutral, the open financial protocol for decentralized financial instruments, has today announced the launch of the Neutral Platform, allowing users to deposit stablecoin assets into Neutral Dollar (NUSD). Neutral Dollar, a next generation stablecoin pegged to an aggregated basket of stablecoins initially comprising of DAI, PAX, TUSD, and USDC, will enable deposits of these constituent coins from May 16th, 2019 via various methods such as a desktop client or…

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Tether / Bitfinex Debacle – The Industry Needs Transparency says CTO of Neutral

The New York Attorney General’s (NYAG) office revealed on Thursday that iFinex, the company behind both Tether (USDT) and Bitcoin exchange Bitfinex, is coming under investigation for fraud. As a result of this news, Bitcoin dropped by 5% in a span of just under thirty minutes, showing the sheer impact this has had on the space.   On the back of this, Neutral, an open financial protocol, offering financial instruments to the cryptocurrency space comments on the investigation.  Neutral recently launched its first product; Neutral Dollar (NUSD) — an aggregated…

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Neutral Announces Launch of Neutral Dollar (NUSD) Stablecoin, Initially Comprising of DAI, TUSD, PAX, and USDC

Funded by Sequoia, Neutral Dollar Aims to Improve Stability and Liquidity for the Cryptomarkets   San Francisco — Neutral, an open financial protocol, is building a suite of financial products on-chain, and has announced the launch of its first product, a stablecoin called Neutral Dollar (NUSD). Neutral Dollar is currently collateralized by DAI, TUSD, PAX, and USDC, and its constituent basket will evolve to include other stablecoins, further increasing stability as the market matures.   Neutral Dollar’s value is maintained by a unique economic mechanism, which rebalances the composition of…

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