Stability and Growth Pact and Stablecoin: Difference between pages

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imported>Doug Williamson
m (Standardise header, minor rewording for clarity and categorise page.)
 
imported>Doug Williamson
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(SGP).
''Cryptoassets - volatility.''


The European Union's Stability and Growth Pact is a rule-based framework for the coordination of national fiscal policies in the European Union.
A stablecoin is a privately issued cryptoasset that aims to provide price stability by backing the coin with other assets.


It has been through several phases since passage of the implementing secondary legislation in 1997.  In its modern form it particularly affects euro area countries.


The Pact was complemented and extended by the Fiscal Compact contained within the inter-governmental Treaty on Stability, Coordination and Governance (TSCG) that is binding on euro area countries and other Member States once they adopt the euro as their currency or voluntarily agree, but it has not been signed by the UK or the Czech Republic.
:<span style="color:#4B0082">'''''CBDC pilot'''''</span>
 
:"Le Banque de France announced on January 19 that a pilot saw 2 million euro worth of simulated shares purchased and sold by investors using a CBDC.
 
:It took place with distributed ledger technology provided by SETL — a UK-based regulated blockchain services provider - which also provided the CBDC stablecoin."
 
 
:''Association of Corporate Treasurers Payments landscape blog, Naresh Aggarwal, Associate Director, Policy & Technical, 20 January 2021''






== See also ==
== See also ==
* [[Euro]]
* [[Altcoin]]
* [[Bitcoin]]
* [[Blockchain]]
* [[Britcoin]]
* [[Central bank digital currency]] (CBDC)
* [[Cryptoassets]]
* [[Cryptocurrency]]
* [[Cryptography]]
* [[Distributed ledger]]
* [[Fiat currency]]
* [[Intangible assets]]
* [[Internal Crypto-Assets Task Force]]
* [[Monetary policy]]
* [[Money]]
* [[Ripple]]
* [[Token]]
* [[USD Coin]]
* [[Volatility]]
 
 
===External link===
 
[https://www.ecb.europa.eu/pub/pdf/scpops/ecb.op223~3ce14e986c.en.pdf Crypto-Assets: Implications for financial stability, monetary policy, and payments and market infrastructures, May 2019, ECB Report]


[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]
[[Category:Risk_frameworks]]
[[Category:Cash_management]]
[[Category:Financial_products_and_markets]]
[[Category:Liquidity_management]]
[[Category:Technology]]

Revision as of 23:50, 13 August 2021

Cryptoassets - volatility.

A stablecoin is a privately issued cryptoasset that aims to provide price stability by backing the coin with other assets.


CBDC pilot
"Le Banque de France announced on January 19 that a pilot saw 2 million euro worth of simulated shares purchased and sold by investors using a CBDC.
It took place with distributed ledger technology provided by SETL — a UK-based regulated blockchain services provider - which also provided the CBDC stablecoin."


Association of Corporate Treasurers Payments landscape blog, Naresh Aggarwal, Associate Director, Policy & Technical, 20 January 2021


See also


External link

Crypto-Assets: Implications for financial stability, monetary policy, and payments and market infrastructures, May 2019, ECB Report

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