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Stablecoin SafeDollar Crashes to $0 Following Cyberattack

Stablecoin SafeDollar Crashes to $0 Following Cyberattack
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Diem Coin: What You Need To Know

Diem Coin: What You Need To Know
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U of T researchers help lay groundwork for Bank of Canada-backed digital loonie

Engineering U of T researchers help lay groundwork for Bank of Canada-backed “digital loonie” (photo by GEOFF ROBINS/AFP via Getty Images) How much longer will Canadians want – or be able – to use physical cash? Could a digital currency such as Facebook’s Diem Coin or Bitcoin make the Canadian dollar obsolete? While the central bank has no plans to issue a digital currency, it is nevertheless conducting research on digital money. Last year, it tapped the expertise of universities by launching a competition that asks experts to propose a system architecture and business plan for a Canadian digital currency.

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