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China's Latest Digital Currency Trial Is Its Most Important Yet
More money, more participants, more participating banks and merchants – a look inside the latest DC/EP trial in Suzhou.
Updated Sep 14, 2021, 10:39 a.m. Published Dec 7, 2020, 8:00 p.m. 1 min read
More money, more participants, more participating banks and merchants – a look inside the latest DC/EP trial in Suzhou.
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This episode is sponsored by Crypto.com, Nexo.io and this week’s special product launch LVL.co.
Today on the Brief:
- COVID-19 vs. Stimulus
- Small hedge funds outperform large brethren
- Equities now worth 115% of global GDP
Our main discussion: Why the newest trial of China’s central bank digital currency is its most important trial yet.
In this episode, NLW discusses:
- The significance of the “Double 12” shopping festival
- How the participant merchants have changed
- Comparison of the size of the lottery
- Changes in public interest
- Why it matters to the crypto industry
See also: JD.Com Says It’s Accepting China’s Digital Yuan for Latest Lottery
For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.
Note: The views expressed in this column are those of the author and do not necessarily reflect those of CoinDesk, Inc. or its owners and affiliates.
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From May 20 to May 29, XRP funds took in $35 million while bitcoin and ether ETFs lost roughly $2 billion combined, with Ripple’s earlier reported XRP treasury plan still awaiting confirmation.
知っておくべきこと:
- U.S.-listed spot XRP ETFs drew $11.88 million in net inflows on May 29, extending a week of gains even as bitcoin and ether funds saw continued redemptions.
- Total net assets in U.S. XRP ETFs now stand near $1.12 billion, with about $35 million added since May 20 while bitcoin and...
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