Stablecoins disrupting central banks, telcos, enterprises [Video]

At the London Blockchain Conference 2024, one panel focused on the occasionally thorny issue of stablecoins, particularly those issued by private firms, and their role in on-chain digital payment solutions.

The panel was moderated by Sebastian Ploetzeneder, Senior Strategy Manager and Public Affairs Director U.K. for enterprise blockchain technology firm nChain. Ploetzeneder’s guests included Reginald Tumusiime, President of the Blockchain Association of Uganda; Bernhard Müller, General Manager/Chairman at Zurich-based digital payments operator Centi Ltd; and Harbind Likhari, VP of Trading And Exchange Services with the self-custodial RockWallet.

Ploetzeneder started by quizzing Müller about CCHF, a Swiss franc-based token that became the first native stablecoin on the BSV blockchain in March 2023. Unlike some well-known stablecoins, Müller claimed CCHF was “capable of radical micropayments,” which is not some idle boast. Earlier this year, Centi processed one million one-cent CCHF transactions in a single 24-hour period as a demonstration at the Finovate Europe 2024 conference.

CCHF …