liberty

Vatican official warns of ‘Christianophobia’ in Muslim world and secular West #Catholic Archbishop Fortunatus Nwachukwu is alarmed about rising hostility toward Christians, both in parts of the Islamic world and in Europe’s increasingly post‑Christian culture.Nwachukwu, who serves as secretary of the Section of First Evangelization at the Vatican’s Dicastery for Evangelization, told EWTN News that any serious conversation about peace and coexistence must begin with clear condemnation of anti‑Christian violence, particularly from Muslim leaders in places where Christians lack full religious freedom.The Nigerian prelate also warned of a growing cultural aversion to Christianity in the West, where Christian expression is often treated with suspicion even as societies insist on defending the religious symbols of others.Pope Leo XIV is scheduled to visit four countries in Africa, including the Muslim-majority Algeria, on his first apostolic journey to the continent April 13–23.A diplomat urges Muslims to confront anti‑Christian violenceDrawing on decades of diplomatic service in Ghana, Paraguay, Algeria, and Switzerland, Nwachukwu described the anti‑Christian discrimination he witnessed firsthand — experiences he believes continue to be overlooked.“I do not criticize Islam; I criticize the way some people practice their Islam,” he said. “People just shout about Islamophobia, but its main cause is not to be sought in the West. It is to be sought in the way some Muslims practice their religion. We are calling our Muslim friends to condemn the wrong use of their religion as a religion of violence.”He recalled that during his service in Algeria, Christians were openly labeled “enemies of Islam.” In one incident, a shopkeeper refused to serve him because he was wearing a Roman collar.“Christians still do not have full liberty to practice their religion,” he said.A West increasingly uncomfortable with its Christian rootsBut Nwachukwu also directed sharp criticism toward Europe, where he sees a growing reluctance to defend Christianity even as Western societies emphasize religious tolerance.“Everybody denounces Islamophobia, but nobody denounces Christianophobia,” he said. “We are in a post‑Christian Europe and a post‑Christian West.”He noted that Christian symbols face discrimination not applied to other religions: “You enter a hall and see a symbol of Buddhism — nobody touches it. You see a Muslim in a hijab — nobody says to remove it. But you see a cross, and they say, ‘Remove it.’ Why?”This, he argued, reflects a cultural embarrassment about Europe’s Christian heritage:“It is like feeling guilty for having a mother who is ugly and then forgetting that she also has rights. The Christianity that gave them their education, culture, and society — they now feel uncomfortable with it.”Reverse missionaries and a hopeful response to Europe’s secular driftNwachukwu said this situation makes the growing presence of African and Asian missionaries in Europe all the more significant, as a hopeful sign that the global Church can help rekindle the continent’s Christian identity.“The West often forgets that we are the result of sacrifices made by their own brothers and sisters who became missionaries,” he said. “But the sheaves — the children of those missionaries — are now returning.”Nwachukwu described this movement as a gift that can strengthen Western Christianity in places where secularism has taken deep root.“We want to see the mother Churches in Europe accept and be proud of their missionary children from the global south.”Encouragement for persecuted ChristiansTo Christians facing persecution — whether under hostile regimes, extremist movements, or secular cultural pressures — Nwachukwu offered a message of strength: “If you are encountering persecution, it means that the message you have is important. If your message were not important, people wouldn’t even think of you. So, the message is: Do not feel you are alone. Know what you are worth.”
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Vatican official warns of ‘Christianophobia’ in Muslim world and secular West #Catholic Archbishop Fortunatus Nwachukwu is alarmed about rising hostility toward Christians, both in parts of the Islamic world and in Europe’s increasingly post‑Christian culture.Nwachukwu, who serves as secretary of the Section of First Evangelization at the Vatican’s Dicastery for Evangelization, told EWTN News that any serious conversation about peace and coexistence must begin with clear condemnation of anti‑Christian violence, particularly from Muslim leaders in places where Christians lack full religious freedom.The Nigerian prelate also warned of a growing cultural aversion to Christianity in the West, where Christian expression is often treated with suspicion even as societies insist on defending the religious symbols of others.Pope Leo XIV is scheduled to visit four countries in Africa, including the Muslim-majority Algeria, on his first apostolic journey to the continent April 13–23.A diplomat urges Muslims to confront anti‑Christian violenceDrawing on decades of diplomatic service in Ghana, Paraguay, Algeria, and Switzerland, Nwachukwu described the anti‑Christian discrimination he witnessed firsthand — experiences he believes continue to be overlooked.“I do not criticize Islam; I criticize the way some people practice their Islam,” he said. “People just shout about Islamophobia, but its main cause is not to be sought in the West. It is to be sought in the way some Muslims practice their religion. We are calling our Muslim friends to condemn the wrong use of their religion as a religion of violence.”He recalled that during his service in Algeria, Christians were openly labeled “enemies of Islam.” In one incident, a shopkeeper refused to serve him because he was wearing a Roman collar.“Christians still do not have full liberty to practice their religion,” he said.A West increasingly uncomfortable with its Christian rootsBut Nwachukwu also directed sharp criticism toward Europe, where he sees a growing reluctance to defend Christianity even as Western societies emphasize religious tolerance.“Everybody denounces Islamophobia, but nobody denounces Christianophobia,” he said. “We are in a post‑Christian Europe and a post‑Christian West.”He noted that Christian symbols face discrimination not applied to other religions: “You enter a hall and see a symbol of Buddhism — nobody touches it. You see a Muslim in a hijab — nobody says to remove it. But you see a cross, and they say, ‘Remove it.’ Why?”This, he argued, reflects a cultural embarrassment about Europe’s Christian heritage:“It is like feeling guilty for having a mother who is ugly and then forgetting that she also has rights. The Christianity that gave them their education, culture, and society — they now feel uncomfortable with it.”Reverse missionaries and a hopeful response to Europe’s secular driftNwachukwu said this situation makes the growing presence of African and Asian missionaries in Europe all the more significant, as a hopeful sign that the global Church can help rekindle the continent’s Christian identity.“The West often forgets that we are the result of sacrifices made by their own brothers and sisters who became missionaries,” he said. “But the sheaves — the children of those missionaries — are now returning.”Nwachukwu described this movement as a gift that can strengthen Western Christianity in places where secularism has taken deep root.“We want to see the mother Churches in Europe accept and be proud of their missionary children from the global south.”Encouragement for persecuted ChristiansTo Christians facing persecution — whether under hostile regimes, extremist movements, or secular cultural pressures — Nwachukwu offered a message of strength: “If you are encountering persecution, it means that the message you have is important. If your message were not important, people wouldn’t even think of you. So, the message is: Do not feel you are alone. Know what you are worth.”

unitedyam

A Nigerian archbishop said African missionaries can evangelize a Europe uneasy with its Christian past.

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Cuban government to release 51 prisoners following Vatican talks #Catholic The Cuban government announced that it will release 51 people from prison because of its “smooth” relations with the Vatican — a move that coincides with the upcoming observance of Holy Week.“In the spirit of goodwill, and of the close and smooth relations between the Cuban state and the Vatican — with which communication regarding processes for the review and release of persons deprived of liberty has historically been maintained — the government of Cuba has decided to release, in the coming days, 51 individuals sentenced to deprivation of liberty [prison],” the Cuban Ministry of Foreign Affairs reported in a March 12 statement.The director of the Holy See Press Office, Matteo Bruni, confirmed to ACI Prensa, the Spanish-language sister service of EWTN News, on March 13 that “conversations regarding the release of prisoners have recently taken place.”The statement from the Cuban ministry notes that all these individuals “have served a significant portion of their sentences and have maintained good conduct in prison”; however, it does not indicate whether the group includes political prisoners.The communist regime states that since 2010, it “has granted pardons to 9,905 inmates, while — over the last three years, as part of Cuban practice and pursuant to the provisions of our legislation — another 10,000 individuals sentenced to deprivation of liberty were released based on certain conditions.”This announcement comes amid renewed tensions between Cuba and the United States, which began in January, and the recent meetings that representatives from both countries have held with Vatican officials.On Feb. 20, the U.S. chief of mission in Cuba, Mike Hammer, held a meeting at the Vatican with Archbishop Paul Richard Gallagher, the Holy See’s secretary for relations with states.Vatican Secretary of State Cardinal Pietro Parolin stated on March 9 that the Holy See has taken “the necessary steps” regarding the situation in Cuba, “always with a view to a solution to the existing problems through dialogue.”In January 2025, the Cuban regime also announced the release of 553 prisoners following mediation by Pope Francis and “in the spirit of the Ordinary Jubilee of 2025.”Victoria Cardiel, EWTN News correspondent in Rome, contributed to this report.This story was first published by ACI Prensa, the Spanish-language sister service of EWTN News. It has been translated and adapted by EWTN News English.
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Cuban government to release 51 prisoners following Vatican talks #Catholic The Cuban government announced that it will release 51 people from prison because of its “smooth” relations with the Vatican — a move that coincides with the upcoming observance of Holy Week.“In the spirit of goodwill, and of the close and smooth relations between the Cuban state and the Vatican — with which communication regarding processes for the review and release of persons deprived of liberty has historically been maintained — the government of Cuba has decided to release, in the coming days, 51 individuals sentenced to deprivation of liberty [prison],” the Cuban Ministry of Foreign Affairs reported in a March 12 statement.The director of the Holy See Press Office, Matteo Bruni, confirmed to ACI Prensa, the Spanish-language sister service of EWTN News, on March 13 that “conversations regarding the release of prisoners have recently taken place.”The statement from the Cuban ministry notes that all these individuals “have served a significant portion of their sentences and have maintained good conduct in prison”; however, it does not indicate whether the group includes political prisoners.The communist regime states that since 2010, it “has granted pardons to 9,905 inmates, while — over the last three years, as part of Cuban practice and pursuant to the provisions of our legislation — another 10,000 individuals sentenced to deprivation of liberty were released based on certain conditions.”This announcement comes amid renewed tensions between Cuba and the United States, which began in January, and the recent meetings that representatives from both countries have held with Vatican officials.On Feb. 20, the U.S. chief of mission in Cuba, Mike Hammer, held a meeting at the Vatican with Archbishop Paul Richard Gallagher, the Holy See’s secretary for relations with states.Vatican Secretary of State Cardinal Pietro Parolin stated on March 9 that the Holy See has taken “the necessary steps” regarding the situation in Cuba, “always with a view to a solution to the existing problems through dialogue.”In January 2025, the Cuban regime also announced the release of 553 prisoners following mediation by Pope Francis and “in the spirit of the Ordinary Jubilee of 2025.”Victoria Cardiel, EWTN News correspondent in Rome, contributed to this report.This story was first published by ACI Prensa, the Spanish-language sister service of EWTN News. It has been translated and adapted by EWTN News English.

unitedyam

The regime stated the decision was made in a “spirit of goodwill” and because of its good relations with the Holy See, but did not indicate if any of those to be released are political prisoners.

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University of Dallas panel explores American exceptionalism through a Catholic lens #Catholic In a standing-room-only event, college students lined the walls of a large room at the University of Dallas to hear three Catholic academics and an apologist  reflect on what makes America exceptional in a celebration marking the 250th anniversary of the founding of the United States.Liam Ritter, a junior and the founder of the university’s Young Americans for Freedom chapter, which hosted the discussion, told EWTN News that the March 4 panel of speakers served as the capstone of three days of celebrations at the university.The panel was comprised of University President Jonathan Sanford; Trent Horn, staff apologist with Catholic Answers; Burt Folsom, distinguished fellow at Hillsdale College and economic historian; and Susan Hanssen, associate professor of history at the University of Dallas.‘We have a population of people who know what is at stake’In response to Ritter’s question, “Why [is it] that our political regime has been so stable for so long,” Hanssen recalled America’s first immigrants. “I think the first thing that makes America exceptional, and its political regime exceptional, is the fact that America was first populated by people who fled the rise of the modern nation state and totalitarianism … and so we have a population of people who know what is at stake in political liberty," she said.“Theyʼve seen what happened to their ancestors,” she continued. “They remember the stories. And America has been blessed in its political constitution with the regime of liberty, which has made possible the flourishing of subsidiary communities and societies.”Hanssen said we should not take for granted today that we still “have a free people." “We need to listen to our latest immigrants … those who have fled Venezuela, those who have fled Iran, like my uncle, a Persian Jew, who refuses to call himself Iranian because he associates modern Iran with the regime of the Ayatollah.”‘Get married, have children, raise them well’Sanford said that though we are a nation of immigrants, “there won’t be enough to pull in to make up for” the continuing demographic decline.“Get married, have children, raise them well,” he said to chuckles from a receptive audience, which was mostly composed of college students.He encouraged the students not to focus on “one big step,” but rather, to take smaller steps: “Get up early. Pray. Exercise. Go through the day in an ordered fashion, give Caesar what is Caesarʼs, and God what is God’s.”“Do the little things thousands and thousands of times,” he said.“In order to exercise liberty properly,” he continued, one has to ask, "How should I live my life?” and then rely on the institutions that “help you do that.”He called the family the “foundational institution” of America. “Recover the family,” he said.In addition, “we need to see those institutions that mediate the virtues — schools, universities — that embrace fully the idea of what [the virtues] are.”Horn also encouraged students to focus on family relationships, telling them “get off the phones and the internet. They’re killing all of us. They’re rewiring our brains.” Trent Horn (left), an apologist at Catholic Answers, and University of Dallas President Jonathan Sanford participate in a panel on American exceptionalism at the University of Dallas on March 4, 2026. | Credit: Courtesy of University of Dallas Young Americans for Freedom Chapter Of people currently in their 20s in America, "one in three will never have children,” he lamented, implying too much technology use is partly to blame.The Catholic Answers apologist pointed out, however, that though the Second Industrial Revolution “broke the family” by encouraging workers to move away from their homes and families to pursue careers, the internet “post-Covid,” in the age of “Zoom and telecommuting … might be good” because many people no longer have to choose between a job and staying near their extended families.“Maybe tech can help build up family networks,” he said.‘The greatest outpouring of economic development’ in historyRitter told EWTN news that he chose speakers who could address “the wonderful things the U.S. has contributed” to the world because “a lot of young people don’t have appropriate gratitude for the country.”Ritter asked Folsom, a historian who focuses on economics and industrial affairs, about what the professor believes the U.S. has contributed to world economics and world innovations.Folsom said that the generation after the Civil War, from 1865 to 1905, was responsible for “the greatest outpouring of economic development … in world history” and “gave us the rise of an America that became a world power” by World War I.He listed inventions that facilitated the rapid development of industry and infrastructure in the country during the Second Industrial Revolution, including the typewriter, the telephone, adding machines, the light bulb, electricity, factory-produced cars, and recording devices for music and movies, among other innovations.Through the Declaration of Independence and the U.S. Constitution, “the founders gave us the freedom” to develop these technologies, he said. “We had amazing infrastructure that allowed people to produce, and not have government get in their way.”The professor said the post-Civil War period could be eclipsed in the present day “because with artificial intelligence, this generation may yet be able to come up with more.”‘A responsibility for this political regime of freedom’At the conclusion of the panel discussion, Hanssen called the feeling in the room “electric, it’s teeming with patriotism. This isn’t a normal college campus.”Referring to Sanford’s earlier admonition to ”get married and have kids,” she said: “I agree, be fruitful and multiply … Preach the Gospel, and baptize in the name of Jesus, but also, go into politics!” she exclaimed.She encouraged the students to develop “the ability to love something so much that you would die for it: God, family, country.”“Recognize what is at stake. We have a responsibility for this political regime of freedom, to the immigrants who come here … to our children… to preserve the rule of law.”She concluded to loud applause: “So family; yes! Faith; yes, but to the barricades, ladies and gentlemen!"
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University of Dallas panel explores American exceptionalism through a Catholic lens #Catholic In a standing-room-only event, college students lined the walls of a large room at the University of Dallas to hear three Catholic academics and an apologist  reflect on what makes America exceptional in a celebration marking the 250th anniversary of the founding of the United States.Liam Ritter, a junior and the founder of the university’s Young Americans for Freedom chapter, which hosted the discussion, told EWTN News that the March 4 panel of speakers served as the capstone of three days of celebrations at the university.The panel was comprised of University President Jonathan Sanford; Trent Horn, staff apologist with Catholic Answers; Burt Folsom, distinguished fellow at Hillsdale College and economic historian; and Susan Hanssen, associate professor of history at the University of Dallas.‘We have a population of people who know what is at stake’In response to Ritter’s question, “Why [is it] that our political regime has been so stable for so long,” Hanssen recalled America’s first immigrants. “I think the first thing that makes America exceptional, and its political regime exceptional, is the fact that America was first populated by people who fled the rise of the modern nation state and totalitarianism … and so we have a population of people who know what is at stake in political liberty," she said.“Theyʼve seen what happened to their ancestors,” she continued. “They remember the stories. And America has been blessed in its political constitution with the regime of liberty, which has made possible the flourishing of subsidiary communities and societies.”Hanssen said we should not take for granted today that we still “have a free people." “We need to listen to our latest immigrants … those who have fled Venezuela, those who have fled Iran, like my uncle, a Persian Jew, who refuses to call himself Iranian because he associates modern Iran with the regime of the Ayatollah.”‘Get married, have children, raise them well’Sanford said that though we are a nation of immigrants, “there won’t be enough to pull in to make up for” the continuing demographic decline.“Get married, have children, raise them well,” he said to chuckles from a receptive audience, which was mostly composed of college students.He encouraged the students not to focus on “one big step,” but rather, to take smaller steps: “Get up early. Pray. Exercise. Go through the day in an ordered fashion, give Caesar what is Caesarʼs, and God what is God’s.”“Do the little things thousands and thousands of times,” he said.“In order to exercise liberty properly,” he continued, one has to ask, "How should I live my life?” and then rely on the institutions that “help you do that.”He called the family the “foundational institution” of America. “Recover the family,” he said.In addition, “we need to see those institutions that mediate the virtues — schools, universities — that embrace fully the idea of what [the virtues] are.”Horn also encouraged students to focus on family relationships, telling them “get off the phones and the internet. They’re killing all of us. They’re rewiring our brains.” Trent Horn (left), an apologist at Catholic Answers, and University of Dallas President Jonathan Sanford participate in a panel on American exceptionalism at the University of Dallas on March 4, 2026. | Credit: Courtesy of University of Dallas Young Americans for Freedom Chapter Of people currently in their 20s in America, "one in three will never have children,” he lamented, implying too much technology use is partly to blame.The Catholic Answers apologist pointed out, however, that though the Second Industrial Revolution “broke the family” by encouraging workers to move away from their homes and families to pursue careers, the internet “post-Covid,” in the age of “Zoom and telecommuting … might be good” because many people no longer have to choose between a job and staying near their extended families.“Maybe tech can help build up family networks,” he said.‘The greatest outpouring of economic development’ in historyRitter told EWTN news that he chose speakers who could address “the wonderful things the U.S. has contributed” to the world because “a lot of young people don’t have appropriate gratitude for the country.”Ritter asked Folsom, a historian who focuses on economics and industrial affairs, about what the professor believes the U.S. has contributed to world economics and world innovations.Folsom said that the generation after the Civil War, from 1865 to 1905, was responsible for “the greatest outpouring of economic development … in world history” and “gave us the rise of an America that became a world power” by World War I.He listed inventions that facilitated the rapid development of industry and infrastructure in the country during the Second Industrial Revolution, including the typewriter, the telephone, adding machines, the light bulb, electricity, factory-produced cars, and recording devices for music and movies, among other innovations.Through the Declaration of Independence and the U.S. Constitution, “the founders gave us the freedom” to develop these technologies, he said. “We had amazing infrastructure that allowed people to produce, and not have government get in their way.”The professor said the post-Civil War period could be eclipsed in the present day “because with artificial intelligence, this generation may yet be able to come up with more.”‘A responsibility for this political regime of freedom’At the conclusion of the panel discussion, Hanssen called the feeling in the room “electric, it’s teeming with patriotism. This isn’t a normal college campus.”Referring to Sanford’s earlier admonition to ”get married and have kids,” she said: “I agree, be fruitful and multiply … Preach the Gospel, and baptize in the name of Jesus, but also, go into politics!” she exclaimed.She encouraged the students to develop “the ability to love something so much that you would die for it: God, family, country.”“Recognize what is at stake. We have a responsibility for this political regime of freedom, to the immigrants who come here … to our children… to preserve the rule of law.”She concluded to loud applause: “So family; yes! Faith; yes, but to the barricades, ladies and gentlemen!"

unitedyam

The speakers encouraged the college students to get married, have children, stay off the internet (unless it enables them to telework and stay near their extended families), and be political.

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Catholic digital assets company about to mint its first stablecoin #Catholic On March 15, a Catholic digital assets company known as Crescite Innovation Corporation will mint its first stablecoin, called Catholic USD.Stablecoins such as Catholic USD are a type of digital asset that is backed by and will have a 1-to-1 value equivalence with the U.S. dollar (and are not to be confused with cryptocurrencies like bitcoin).Catholic USDs can be used to make purchases from or donations to Catholic organizations the same way they would with any other payment method stored in smartphone wallets.Donations and other financial transactions can take place all over the world and will be nearly instantaneous, fee-free, and secure, thanks to blockchain technology, Eddie Cullen, co-founder of Crescite, told EWTN News.With blockchain technology, which has enabled the development of unregulated cryptocurrencies such as bitcoin and regulated digital assets such as stablecoins, traditional banks are no longer required to transfer or store money because all transactions are transparent and verifiable through the blockchain, which securely links together “blocks” of digital records.“Traditional banks are like Blockbuster video, and digital assets are like the streaming services we all use today,” Cullen said.“People will no longer need traditional banks, thanks to this new technology,” he continued.Cullen and his co-founder, Karl Kilb III, started Crescite “because we love the Church,” Cullen said. “We want Catholics to be at the forefront of this new technology, and we’re using it to enable greater access to resources for people and to do good.”“The only difference between us and banks is that they take your money and leverage it to make a profit,” Cullen said. “What we’re doing is we’re taking that leverage, and we’re giving it away to Catholic institutions and causes.”“We created Crescite to be at the intersection of faith and technology, using innovation to help those in need, and society as a whole,” Kilb said. “The Catholic community is global, with numerous organizations, projects, and causes that need sustainable, transparent funding, and we are leveraging blockchain technology to build such an ecosystem.”When a person buys Catholic USD, Crescite will invest that money in vehicles including U.S. Treasury bonds and will put 100% of that yield into a charity fund known as the Catholic Global Mercy Trust.The trust will fund Catholic poverty relief efforts, hospitals, schools, and other causes all over the world.“When we look at our work, it’s really a Catholic digital asset ecosystem,” Cullen said. “We have our stablecoin, and we are going to build upon that.”The money Crescite takes in through the sale of Catholic USD will be custodied, or held, in a digital wallet by a financial technology company known as BitGo, which in January completed its initial public offering (IPO) and began trading on the New York Stock Exchange. It is also chartered under U.S. law and authorized by the Office of the Comptroller of the Currency. BitGo is “the platform that’s issuing the stablecoin,” Cullen said. It and Crescite will have no intermingled investments.The funds Crescite holds are also insured.“Crescite” means to increase or grow in Latin. Cullen said he and Kilb, who co-own the company and founded it together in 2021, chose the name after reflecting on the effects of God’s touch on man-made things, as portrayed in the image of God’s hand touching Adam’s in Michaelangelo’s famous painting on the ceiling of the Sistine Chapel.Cullen said the name also refers to Genesis 1:28, when God tells Adam to “Be fruitful (increase) and multiply.”Bitcoin, the first cryptocurrencyThe first cryptocurrency, which is very different from the stablecoin Crescite is issuing, was bitcoin, which came out in 2009 and whose inventor or inventors, known as Satoshi Nakamoto, is/are still unknown.Bitcoin emerged as “pushback” to the 2008 financial crisis, according to The Catholic University of America Busch School of Business Professor Kevin May, who told EWTN News that consumers wanted something more “sound and reliable” than our current financial system after the crisis.Bitcoin is decentralized and is the only true “open source” cryptocurrency, according to May.Bitcoin’s inventors no longer had “trust in the current financial system,” where “the banks and bankers took bets; when they were right they privatized all the gains, and when they were wrong, they got bailed out and rebought their own shares,” May said. “Hardly any of them got in trouble” while the financial markets and consumers paid for their actions.The value of bitcoin has gone from several pennies at its initial launch to a high of 6,000 in October 2025. Currently, one bitcoin is valued at about ,000.Exchanges now exist where people can buy and sell bitcoin. There are even bitcoin-linked credit cards.Bitcoin, however, is a true cryptocurrency in that it is not insured or backed by any currency, and it is not regulated by the federal government, meaning it could collapse at any moment and investors could lose their money.A benefit of a cryptocurrency like bitcoin, according to May, is that it can “bank the unbanked, especially in societies where you cannot trust the leadership.”He used the example of a coffee farmer in Uganda who could trade in bitcoin and essentially have “his own bank on his cellphone,” without having to deal with a corrupt or inefficient system.The difference between ‘cryptocurrency’ and ‘digital assets’Digital assets like Catholic USD and cryptocurrencies such as bitcoin are alternatives to traditional financial institutions and government-backed currency made possible by blockchain technology.However, the terms “digital assets” and “cryptocurrency” mean different things: Digital assets refer to stablecoins as well as tokenized securities, commodities, and other digital representations of real-world assets that do not imply the unregulated, speculative trading or volatility inherent with bitcoin.Cullen explained that this is a major difference between bitcoin and stablecoins such as Catholic USD, which is actually backed by the U.S. dollar and will be regulated by the recently passed GENIUS Act, which is expected to increase the growth of and trust in stablecoins through clear regulatory rules.Other existing stablecoins include USD1, which, like Catholic USD, is also a U.S. dollar-pegged stablecoin (designed to maintain a 1-to-1 value with the U.S. dollar).USD1 was launched in March 2025 by World Liberty Financial, a decentralized finance (DeFi) platform and cryptocurrency venture closely associated with President Donald Trump and his family, though disclaimers emphasize that the Trump family are not officers or directors and that the cryptocurrency is not politically affiliated or endorsed.A company called Tether Unlimited issued a stablecoin, USDT, which is the longest-running and largest U.S. dollar-pegged stablecoin, launched in 2014 and with a market cap around 4 billion (as of early 2026). It holds roughly 60%-70% of the total stablecoin market share with 534 million users as of early this year.The GENIUS ActPassed with bipartisan support and signed into law by Trump in July 2025, the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act establishes a clear, regulatory framework that legitimizes payment stablecoins and digital asset infrastructure.It aims to preserve U.S. dollar leadership globally while allowing responsible private-sector innovation under defined guardrails.Under the act, qualified nonbank entities may issue payment stablecoins under federal or state supervision, while banks and affiliates may also participate. This dual pathway is intended to foster competition, reduce concentration risk, and avoid stifling innovation.Critics note the GENIUS Act does not fully address illicit finance risks in decentralized systems such as bitcoin, however.
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Catholic digital assets company about to mint its first stablecoin #Catholic On March 15, a Catholic digital assets company known as Crescite Innovation Corporation will mint its first stablecoin, called Catholic USD.Stablecoins such as Catholic USD are a type of digital asset that is backed by and will have a 1-to-1 value equivalence with the U.S. dollar (and are not to be confused with cryptocurrencies like bitcoin).Catholic USDs can be used to make purchases from or donations to Catholic organizations the same way they would with any other payment method stored in smartphone wallets.Donations and other financial transactions can take place all over the world and will be nearly instantaneous, fee-free, and secure, thanks to blockchain technology, Eddie Cullen, co-founder of Crescite, told EWTN News.With blockchain technology, which has enabled the development of unregulated cryptocurrencies such as bitcoin and regulated digital assets such as stablecoins, traditional banks are no longer required to transfer or store money because all transactions are transparent and verifiable through the blockchain, which securely links together “blocks” of digital records.“Traditional banks are like Blockbuster video, and digital assets are like the streaming services we all use today,” Cullen said.“People will no longer need traditional banks, thanks to this new technology,” he continued.Cullen and his co-founder, Karl Kilb III, started Crescite “because we love the Church,” Cullen said. “We want Catholics to be at the forefront of this new technology, and we’re using it to enable greater access to resources for people and to do good.”“The only difference between us and banks is that they take your money and leverage it to make a profit,” Cullen said. “What we’re doing is we’re taking that leverage, and we’re giving it away to Catholic institutions and causes.”“We created Crescite to be at the intersection of faith and technology, using innovation to help those in need, and society as a whole,” Kilb said. “The Catholic community is global, with numerous organizations, projects, and causes that need sustainable, transparent funding, and we are leveraging blockchain technology to build such an ecosystem.”When a person buys Catholic USD, Crescite will invest that money in vehicles including U.S. Treasury bonds and will put 100% of that yield into a charity fund known as the Catholic Global Mercy Trust.The trust will fund Catholic poverty relief efforts, hospitals, schools, and other causes all over the world.“When we look at our work, it’s really a Catholic digital asset ecosystem,” Cullen said. “We have our stablecoin, and we are going to build upon that.”The money Crescite takes in through the sale of Catholic USD will be custodied, or held, in a digital wallet by a financial technology company known as BitGo, which in January completed its initial public offering (IPO) and began trading on the New York Stock Exchange. It is also chartered under U.S. law and authorized by the Office of the Comptroller of the Currency. BitGo is “the platform that’s issuing the stablecoin,” Cullen said. It and Crescite will have no intermingled investments.The funds Crescite holds are also insured.“Crescite” means to increase or grow in Latin. Cullen said he and Kilb, who co-own the company and founded it together in 2021, chose the name after reflecting on the effects of God’s touch on man-made things, as portrayed in the image of God’s hand touching Adam’s in Michaelangelo’s famous painting on the ceiling of the Sistine Chapel.Cullen said the name also refers to Genesis 1:28, when God tells Adam to “Be fruitful (increase) and multiply.”Bitcoin, the first cryptocurrencyThe first cryptocurrency, which is very different from the stablecoin Crescite is issuing, was bitcoin, which came out in 2009 and whose inventor or inventors, known as Satoshi Nakamoto, is/are still unknown.Bitcoin emerged as “pushback” to the 2008 financial crisis, according to The Catholic University of America Busch School of Business Professor Kevin May, who told EWTN News that consumers wanted something more “sound and reliable” than our current financial system after the crisis.Bitcoin is decentralized and is the only true “open source” cryptocurrency, according to May.Bitcoin’s inventors no longer had “trust in the current financial system,” where “the banks and bankers took bets; when they were right they privatized all the gains, and when they were wrong, they got bailed out and rebought their own shares,” May said. “Hardly any of them got in trouble” while the financial markets and consumers paid for their actions.The value of bitcoin has gone from several pennies at its initial launch to a high of $126,000 in October 2025. Currently, one bitcoin is valued at about $70,000.Exchanges now exist where people can buy and sell bitcoin. There are even bitcoin-linked credit cards.Bitcoin, however, is a true cryptocurrency in that it is not insured or backed by any currency, and it is not regulated by the federal government, meaning it could collapse at any moment and investors could lose their money.A benefit of a cryptocurrency like bitcoin, according to May, is that it can “bank the unbanked, especially in societies where you cannot trust the leadership.”He used the example of a coffee farmer in Uganda who could trade in bitcoin and essentially have “his own bank on his cellphone,” without having to deal with a corrupt or inefficient system.The difference between ‘cryptocurrency’ and ‘digital assets’Digital assets like Catholic USD and cryptocurrencies such as bitcoin are alternatives to traditional financial institutions and government-backed currency made possible by blockchain technology.However, the terms “digital assets” and “cryptocurrency” mean different things: Digital assets refer to stablecoins as well as tokenized securities, commodities, and other digital representations of real-world assets that do not imply the unregulated, speculative trading or volatility inherent with bitcoin.Cullen explained that this is a major difference between bitcoin and stablecoins such as Catholic USD, which is actually backed by the U.S. dollar and will be regulated by the recently passed GENIUS Act, which is expected to increase the growth of and trust in stablecoins through clear regulatory rules.Other existing stablecoins include USD1, which, like Catholic USD, is also a U.S. dollar-pegged stablecoin (designed to maintain a 1-to-1 value with the U.S. dollar).USD1 was launched in March 2025 by World Liberty Financial, a decentralized finance (DeFi) platform and cryptocurrency venture closely associated with President Donald Trump and his family, though disclaimers emphasize that the Trump family are not officers or directors and that the cryptocurrency is not politically affiliated or endorsed.A company called Tether Unlimited issued a stablecoin, USDT, which is the longest-running and largest U.S. dollar-pegged stablecoin, launched in 2014 and with a market cap around $184 billion (as of early 2026). It holds roughly 60%-70% of the total stablecoin market share with 534 million users as of early this year.The GENIUS ActPassed with bipartisan support and signed into law by Trump in July 2025, the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act establishes a clear, regulatory framework that legitimizes payment stablecoins and digital asset infrastructure.It aims to preserve U.S. dollar leadership globally while allowing responsible private-sector innovation under defined guardrails.Under the act, qualified nonbank entities may issue payment stablecoins under federal or state supervision, while banks and affiliates may also participate. This dual pathway is intended to foster competition, reduce concentration risk, and avoid stifling innovation.Critics note the GENIUS Act does not fully address illicit finance risks in decentralized systems such as bitcoin, however.

unitedyam

Catholic entrepreneurs Eddie Cullen and Karl Kilb want to use new financial technologies to benefit the Catholic Church and its charitable work.

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#AIPrompt – In the Style of Dadaism create an image of Statue of Liberty
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#AIPrompt – In the Style of Dadaism create an image of Statue of Liberty

unitedyam

Surrounding the statue, the sky is an anarchy of color, splattered with erratic brushstrokes and collaged fragments of newsprint and text in various languages, symbolizing the global dialogue on freedom. Random objects—clocks, eyes, and mechanical gears—float in this surreal ether, embodying the Dadaist rejection of logic and embracing the absurd. The juxtaposition of these elements creates a visual dissonance, a reminder that liberty is not a static symbol but a dynamic, ever-evolving concept. This polychromatic portrayal captures the Statue of Liberty not just as a beacon of freedom, but as an icon within the unpredictable and vibrant theater of human experience.

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