A letter has been drafted by two legislators and sent to the chairman of the the Federal Reserve, asking for clarification on the subject.
Former U.S. Federal Reserve official, Simon Potter is certain that no digital currency can ever be stronger than the dollar in backing global economies.
The currency will be backed by several fiat currencies from different parts of the world, but adds that there won’t be any support for China’s yuan.
If there was any doubt over whether or not Tether knew what it was doing, that doubt has now been removed and it is apparent that it doesn’t.
Mark Carney believes that the dollar will lose its place as the global reserve currency and adds that digital currency could take its place.
The Japanese yen is now higher in trading against Bitcoin Core (BTC) than the U.S. dollar. Coinhills data reveals that the yen has taken the top spot in trading
According to a university lecturer in Moscow, Russia could be contemplating dumping the U.S. dollar in favor of cryptocurrencies.