Fiat Freeway: China’s DCEP Progress in H2 2020

Quick Take

  • ‘Fiat Freeway’ is a weekly column providing the latest updates on central bank digital currencies (CBDCs) and stablecoins. 
  • This week’s column examines China’s Digital Currency Electronic Payment (DC/EP) progress in H2 2020. 
Last week, ‘Fiat Freeway’ reviewed an ECB Board Member’s stablecoin speech in Frankfurt, Circle’s blog post on using stablecoins for US foreign policy in Venezuela, and a BIS paper on “rigid stablecoins” from the late Bank of Amsterdam. To date, we’ve mostly covered CBDC updates, including the ECB’s ‘digital euro’ initiative, the Fed’s classification of […]

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