Central Bank Digital Currencies Heat Up!

Plus a rougher DeFi fall after an extremely hot summer

Happy Monday, Blockfolians

The Lede

Lots of news on the central bank digital currency front to kick off the week.

First, news out of China about their digital yuan trials. A People’s Bank of China Governor said that trials across four cities had seen 4 million transactions, with a total value of approximately $300m worth of digital yuan. Much farther, obviously, than the initial trials and research we’re seeing elsewhere.

In Europe, Christine Lagarde posted to Twitter about a digital euro - asking for public comment. Travis from Ikigai put the significance of this quite well.

CBDCs are a major discussion brewing. With lockdowns returning to Europe and COVID-19 cases rising in the US, expect even more of this conversation in the months to come.

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Highly Relevant Reading


Community Commentary

Couldn’t have put it better, ourselves.
 Interesting distinction and a cool new project!

A Really Big Number We Should Be Paying Attention To

-25%

That’s the decrease in decentralized exchange volume Sept-October - a byproduct of the larger cooling in the market.


Final Though

It’s liiiiiive!