painting

Yad Vashem chief: Holocaust memory is key to fighting antisemitism #Catholic Dani Dayan, chairman of Yad Vashem, said that remembering and honoring the Holocaust is essential to combating rising antisemitism worldwide.Dayan, who met with Pope Leo XIV on March 23 together with Israel’s ambassador to the Holy See, Yaron Sideman, said their conversation focused on “two issues: the historical remembrance, the need to remember, to know about the Holocaust — but not just for the sake of history, also for the sake of the present and the sake of the future.”We have to make sure that an “atrocity like this cannot happen again — not to the Jewish people, not to any other people,” he said.He added that antisemitism is “raising its ugly head again all over the world” and that the two issues are closely linked.“I think that knowing about the Holocaust, learning about the Holocaust, remembering, honoring the Holocaust is one of the tools to combat antisemitism,” Dayan said.‘Antisemitism is bigotry’Asked whether Israeli policy risks fueling antisemitism, Dayan rejected the premise.“I think antisemitism should not have palliative reasons. Antisemitism is bigotry, antisemitism is racism, and it’s completely independent of anything that Israel does or does not,” he said.He described antisemitism as a unifying force among otherwise opposed extremist groups.“In many sectors in the world, antisemitism has become the common denominator, the lingua franca of all the extremists in the world — left-wing extremists, right-wing extremists, religious extremists, Islamist extremists, and many others,” he said.“They hate each other on any other issue… [but] they don’t only agree, they even collaborate.”“Antisemitism should not be understood. It should be combated without any reservation,” he added, noting he found “full agreement” with Pope Leo XIV on the point.Memory, politics, and responsibilityDayan emphasized the distinction between Holocaust remembrance and contemporary political debates.“The policy and Holocaust remembrance are two completely different things,” he said, while noting that the Holocaust remains “omnipresent in the back of our minds” for many Jews and continues to shape collective identity.He said the obligation to remember the Holocaust is “threefold”: for the future, to build a world free of bigotry and genocide; for the present, amid resurging antisemitism; and as a moral duty to the victims.“Six million victims that were massacred by Nazi Germany and its collaborators during the Shoah deserve to be remembered,” he said. “It’s a debt that we have to maintain.”A shared history and a future visit?Reflecting on relations between the Catholic Church and the Jewish people, Dayan pointed to the significance of papal visits to Yad Vashem.He presented Pope Leo XIV with a painting by Jewish artist Carol Deutsch, created during the Shoah, depicting the biblical question “Adam, where are you?”He linked the image to Pope Francis’ address at Yad Vashem, in which the late pope asked: “Where was humanity?”Dayan expressed hope that Pope Leo XIV would visit Yad Vashem in the future, “when circumstances allow it.”‘Peace is an imperative’Asked about the role of believers in promoting peace, Dayan said the memory of the Holocaust underscores the urgency of that mission.“To yearn for it and to act for it,” he said. “Learning about the Holocaust… is one of the greatest motivations a person can have to understand that peace is an imperative.”He acknowledged that he once believed the devastation of World War II and the Holocaust would end war and antisemitism.“Unfortunately… I was very naive in that respect. We have to work harder, all of us, in order to make that a reality in the future,” he said.This story was first published by ACI Stampa, the Italian-language sister service of EWTN News. It has been translated and adapted by EWTN News English.
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Yad Vashem chief: Holocaust memory is key to fighting antisemitism #Catholic Dani Dayan, chairman of Yad Vashem, said that remembering and honoring the Holocaust is essential to combating rising antisemitism worldwide.Dayan, who met with Pope Leo XIV on March 23 together with Israel’s ambassador to the Holy See, Yaron Sideman, said their conversation focused on “two issues: the historical remembrance, the need to remember, to know about the Holocaust — but not just for the sake of history, also for the sake of the present and the sake of the future.”We have to make sure that an “atrocity like this cannot happen again — not to the Jewish people, not to any other people,” he said.He added that antisemitism is “raising its ugly head again all over the world” and that the two issues are closely linked.“I think that knowing about the Holocaust, learning about the Holocaust, remembering, honoring the Holocaust is one of the tools to combat antisemitism,” Dayan said.‘Antisemitism is bigotry’Asked whether Israeli policy risks fueling antisemitism, Dayan rejected the premise.“I think antisemitism should not have palliative reasons. Antisemitism is bigotry, antisemitism is racism, and it’s completely independent of anything that Israel does or does not,” he said.He described antisemitism as a unifying force among otherwise opposed extremist groups.“In many sectors in the world, antisemitism has become the common denominator, the lingua franca of all the extremists in the world — left-wing extremists, right-wing extremists, religious extremists, Islamist extremists, and many others,” he said.“They hate each other on any other issue… [but] they don’t only agree, they even collaborate.”“Antisemitism should not be understood. It should be combated without any reservation,” he added, noting he found “full agreement” with Pope Leo XIV on the point.Memory, politics, and responsibilityDayan emphasized the distinction between Holocaust remembrance and contemporary political debates.“The policy and Holocaust remembrance are two completely different things,” he said, while noting that the Holocaust remains “omnipresent in the back of our minds” for many Jews and continues to shape collective identity.He said the obligation to remember the Holocaust is “threefold”: for the future, to build a world free of bigotry and genocide; for the present, amid resurging antisemitism; and as a moral duty to the victims.“Six million victims that were massacred by Nazi Germany and its collaborators during the Shoah deserve to be remembered,” he said. “It’s a debt that we have to maintain.”A shared history and a future visit?Reflecting on relations between the Catholic Church and the Jewish people, Dayan pointed to the significance of papal visits to Yad Vashem.He presented Pope Leo XIV with a painting by Jewish artist Carol Deutsch, created during the Shoah, depicting the biblical question “Adam, where are you?”He linked the image to Pope Francis’ address at Yad Vashem, in which the late pope asked: “Where was humanity?”Dayan expressed hope that Pope Leo XIV would visit Yad Vashem in the future, “when circumstances allow it.”‘Peace is an imperative’Asked about the role of believers in promoting peace, Dayan said the memory of the Holocaust underscores the urgency of that mission.“To yearn for it and to act for it,” he said. “Learning about the Holocaust… is one of the greatest motivations a person can have to understand that peace is an imperative.”He acknowledged that he once believed the devastation of World War II and the Holocaust would end war and antisemitism.“Unfortunately… I was very naive in that respect. We have to work harder, all of us, in order to make that a reality in the future,” he said.This story was first published by ACI Stampa, the Italian-language sister service of EWTN News. It has been translated and adapted by EWTN News English.

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Dani Dayan speaks after meeting Pope Leo XIV, says antisemitism is “bigotry” independent of Israeli policy.

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Angola parish prepares to host historic meeting of pope and Church leaders #Catholic LUANDA, Angola — Our Lady of Fátima Parish in the Archdiocese of Luanda is at the center of preparations for a historic moment in Angola as it prepares to host Pope Leo XIV’s meeting with bishops, priests, women and men religious, and catechists during his planned April 18–21 apostolic visit.The encounter, scheduled for April 20, places the parish — run by members of the Order of Friars Minor Capuchin (OFM Cap) — in the spotlight, drawing attention from across the country and around the world.For Father Diogo Messias, pastor of the parish, the choice of Our Lady of Fátima as host is both an honor and a profound spiritual moment for the local Church.“The visit of the Holy Father to our community is a moment of great significance, joy, and pride for all the faithful,” he said in an interview with ACI Africa, the sister service of EWTN News in Africa, on March 18.“The pope’s presence is a blessing for our parish and for all of Angola,” he said. “The visit marks a historic moment, and seeing our parish chosen for this meeting is a cause of joy and renewal for our community.” Father Diogo Messias is pastor of Our Lady of Fátima Parish in the Archdiocese of Luanda in Angola. | Credit: Photo courtesy of ACI Africa As the largest Capuchin fraternity in Angola, the parish has become a hive of activity, with preparations focused on ensuring that the venue is ready to welcome hundreds of Church leaders and participants expected for the encounter.“The preparations are focused both inside and outside the church,” Messias explained, adding: “Visible work includes improving the courtyard, pavement, and chairs. The essential part, however, is the interior, where the meeting with the Holy Father will take place.”The parish’s infrastructure is old, but efforts are underway to enhance the space and ensure it reflects the dignity of the occasion.“It is not a case of serious deterioration, but we want to give dignity to the Capuchin house and the place of prayer for the faithful. Every touch and detail matters,” the priest said. Preparations are being made both inside and outside of Our Lady of Fátima Parish in the Archdiocese of Luanda, Angola, to prepare for Pope Leo XIV’s historic apostolic visit April 18–21, 2026. | Credit: Photo courtesy of ACI Africa Renovation works include painting, structural repairs, and adapting the church to accommodate the expected influx of participants. At the same time, improvements are ongoing in surrounding areas, particularly at Largo Rainha Ginga, where access routes and walkways are being upgraded.“These works aim to improve access and movement for everyone and enhance the appearance of the church that will receive the pope on April 20,” Messias said.Beyond logistics, Messias underscored the significance of the gathering, describing it as a moment that brings together the entire Church in Angola and beyond.“The meeting with the Holy Father involves the entire Church in Angola, including religious sisters, catechists, and members from other dioceses and neighboring countries, such as São Tomé,” he said. “The event will have national and international impact, showing the unity of the Church and the richness of Angolan culture.”While the parish prepares physically, the emphasis remains on spiritual renewal for those who will take part in the encounter.“Despite the great mobilization, the most important thing is the experience of renewal for all those present. Those who participate will leave strengthened in spirit, committed to the community, and motivated to live values of fraternity and respect,” Messias said.The April 20 meeting is expected to be one of the defining moments of the pope’s visit to Angola, offering a unique opportunity for direct engagement with Church leaders and pastoral agents.“Bishops, women and men religious, and catechists in Angola expect Pope Leo XIV to bring a message centered above all on unity, hope, and community commitment,” Messias said.He said the visit is widely seen as an opportunity for deeper reflection and renewal within the Church. Our Lady of Fátima Parish in Angola’s Archdiocese of Luanda will host Pope Leo XIV’s meeting with Church leaders during the pope’s planned apostolic visit April 18–21, 2026. | Credit: Photo courtesy of ACI Africa “The visit of the Holy Father is seen as a moment that goes beyond a simple meeting, being understood as an opportunity for inner renewal,” he said, adding: “It is expected that the Holy Father’s message will help consecrated persons renew their vocation, strengthen their dedication to service, and assume with greater responsibility the role they play in the life of the Church and the country.”Meanwhile, members of the local community are playing an active role in the preparations. Among them is David Afonso, a young carpenter overseeing the restoration of church benches.“Working to receive the Holy Father is a great responsibility, and we are doing our best to ensure everything is in good condition,” he said.Although not a Catholic, Afonso expressed pride in contributing to the preparations.“It is a pleasure to take part in an event of this magnitude. Every detail matters, and we want the space to be worthy and memorable for all the faithful and visitors,” he said.This story was first published by ACI Africa, the sister service of EWTN News in Africa, and has been adapted by EWTN News.
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Angola parish prepares to host historic meeting of pope and Church leaders #Catholic LUANDA, Angola — Our Lady of Fátima Parish in the Archdiocese of Luanda is at the center of preparations for a historic moment in Angola as it prepares to host Pope Leo XIV’s meeting with bishops, priests, women and men religious, and catechists during his planned April 18–21 apostolic visit.The encounter, scheduled for April 20, places the parish — run by members of the Order of Friars Minor Capuchin (OFM Cap) — in the spotlight, drawing attention from across the country and around the world.For Father Diogo Messias, pastor of the parish, the choice of Our Lady of Fátima as host is both an honor and a profound spiritual moment for the local Church.“The visit of the Holy Father to our community is a moment of great significance, joy, and pride for all the faithful,” he said in an interview with ACI Africa, the sister service of EWTN News in Africa, on March 18.“The pope’s presence is a blessing for our parish and for all of Angola,” he said. “The visit marks a historic moment, and seeing our parish chosen for this meeting is a cause of joy and renewal for our community.” Father Diogo Messias is pastor of Our Lady of Fátima Parish in the Archdiocese of Luanda in Angola. | Credit: Photo courtesy of ACI Africa As the largest Capuchin fraternity in Angola, the parish has become a hive of activity, with preparations focused on ensuring that the venue is ready to welcome hundreds of Church leaders and participants expected for the encounter.“The preparations are focused both inside and outside the church,” Messias explained, adding: “Visible work includes improving the courtyard, pavement, and chairs. The essential part, however, is the interior, where the meeting with the Holy Father will take place.”The parish’s infrastructure is old, but efforts are underway to enhance the space and ensure it reflects the dignity of the occasion.“It is not a case of serious deterioration, but we want to give dignity to the Capuchin house and the place of prayer for the faithful. Every touch and detail matters,” the priest said. Preparations are being made both inside and outside of Our Lady of Fátima Parish in the Archdiocese of Luanda, Angola, to prepare for Pope Leo XIV’s historic apostolic visit April 18–21, 2026. | Credit: Photo courtesy of ACI Africa Renovation works include painting, structural repairs, and adapting the church to accommodate the expected influx of participants. At the same time, improvements are ongoing in surrounding areas, particularly at Largo Rainha Ginga, where access routes and walkways are being upgraded.“These works aim to improve access and movement for everyone and enhance the appearance of the church that will receive the pope on April 20,” Messias said.Beyond logistics, Messias underscored the significance of the gathering, describing it as a moment that brings together the entire Church in Angola and beyond.“The meeting with the Holy Father involves the entire Church in Angola, including religious sisters, catechists, and members from other dioceses and neighboring countries, such as São Tomé,” he said. “The event will have national and international impact, showing the unity of the Church and the richness of Angolan culture.”While the parish prepares physically, the emphasis remains on spiritual renewal for those who will take part in the encounter.“Despite the great mobilization, the most important thing is the experience of renewal for all those present. Those who participate will leave strengthened in spirit, committed to the community, and motivated to live values of fraternity and respect,” Messias said.The April 20 meeting is expected to be one of the defining moments of the pope’s visit to Angola, offering a unique opportunity for direct engagement with Church leaders and pastoral agents.“Bishops, women and men religious, and catechists in Angola expect Pope Leo XIV to bring a message centered above all on unity, hope, and community commitment,” Messias said.He said the visit is widely seen as an opportunity for deeper reflection and renewal within the Church. Our Lady of Fátima Parish in Angola’s Archdiocese of Luanda will host Pope Leo XIV’s meeting with Church leaders during the pope’s planned apostolic visit April 18–21, 2026. | Credit: Photo courtesy of ACI Africa “The visit of the Holy Father is seen as a moment that goes beyond a simple meeting, being understood as an opportunity for inner renewal,” he said, adding: “It is expected that the Holy Father’s message will help consecrated persons renew their vocation, strengthen their dedication to service, and assume with greater responsibility the role they play in the life of the Church and the country.”Meanwhile, members of the local community are playing an active role in the preparations. Among them is David Afonso, a young carpenter overseeing the restoration of church benches.“Working to receive the Holy Father is a great responsibility, and we are doing our best to ensure everything is in good condition,” he said.Although not a Catholic, Afonso expressed pride in contributing to the preparations.“It is a pleasure to take part in an event of this magnitude. Every detail matters, and we want the space to be worthy and memorable for all the faithful and visitors,” he said.This story was first published by ACI Africa, the sister service of EWTN News in Africa, and has been adapted by EWTN News.

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Our Lady of Fatima Parish in the Archdiocese of Luanda is preparing to host Pope Leo XIV’s meeting with bishops, priests, women and men religious, and catechists during his April 18–21 visit.

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‘Biblical Roots’: Picasso’s spiritual ‘sensibilities’ on display at Burgos Cathedral #Catholic The Burgos Cathedral in Spain is hosting an exhibition of 44 works by Pablo Picasso titled “Biblical Roots,” which explores the biblical essence and Christian origins present in the Spanish painter’s work.Among those attending the March 2 opening of the exhibit were Cardinal José Tolentino de Mendonça, prefect of the Dicastery for Culture and Education, Queen Sofía, and Bernard Ruiz-Picasso, the artist’s grandson and president of the Bernard Ruiz-Picasso Foundation for Art (FABA, by its Spanish acronym).The cardinal emphasized during the opening that half a century after the artist’s death, “one of the least examined dimensions of Pablo Picasso is his radical exploration of transcendence,” according to a statement from the Archdiocese of Burgos. The cardinal also remarked that though the artist declared he had no faith, “he never abandoned the symbolic foundation of biblical and Christian tradition,” which constitutes “a generative tension throughout his work.” Queen Sofía at the exhibition in Burgos Cathedral. | Credit: Archdiocese of Burgos He said the Bible was for Picasso a “profound structure” of his sensibility, “an inner interpretive key forged in the sensory experience of the liturgy and the sacred Catholic imagery of his childhood.”He emphasized that in many of Picasso’s works, “the body of Christ becomes an archetype of human suffering,” particularly visible in the painting “Guernica,” “where the rhetoric of sacred iconography emerges as a language of pain.”For the cardinal, this exhibition also constitutes “an exemplary act of cultural dialogue: The cathedral and Picasso are not viewed as separate entities, but rather they challenge and illuminate each other by addressing the ultimate questions about meaning, suffering, and fraternity.”On behalf of Pope Leo XIV, he encouraged continued promotion of an authentic dialogue between Christianity and contemporary culture, “convinced that the artistic experience demands taking a broad view capable of recognizing the spiritual depth that dwells even in those who do not profess to be believers.” The opening of the exhibition — organized by the Archdiocese of Burgos, the Metropolitan Chapter, the FABA Foundation, and the Burgos Consulate of the Sea Foundation — was also attended by the vicar general of the archdiocese, Father Carlos Izquierdo Yusta, and Archbishop Emeritus Fidel Herráez Vegas, as well as other local officials.For Archbishop Mario Iceta of Burgos, the exhibition “constitutes a new milestone in the cathedral’s historical dialogue with culture.”He also recalled that the Burgos Cathedral, since the laying of its foundation stone by King St. Ferdinand (1199–1252), “has integrated all artistic styles throughout the centuries like a living organism,” and that today it also seeks to open itself up to contemporary culture through the work Picasso, a “leading and highly influential” artist.The artist’s grandson emphasized that the exhibition also has a profound meaning for the Ruiz-Picasso family, since “the artist visited the church ‘incognito’ in 1936, accompanied by his wife and son,” in what would be his last visit to Spain.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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‘Biblical Roots’: Picasso’s spiritual ‘sensibilities’ on display at Burgos Cathedral #Catholic The Burgos Cathedral in Spain is hosting an exhibition of 44 works by Pablo Picasso titled “Biblical Roots,” which explores the biblical essence and Christian origins present in the Spanish painter’s work.Among those attending the March 2 opening of the exhibit were Cardinal José Tolentino de Mendonça, prefect of the Dicastery for Culture and Education, Queen Sofía, and Bernard Ruiz-Picasso, the artist’s grandson and president of the Bernard Ruiz-Picasso Foundation for Art (FABA, by its Spanish acronym).The cardinal emphasized during the opening that half a century after the artist’s death, “one of the least examined dimensions of Pablo Picasso is his radical exploration of transcendence,” according to a statement from the Archdiocese of Burgos. The cardinal also remarked that though the artist declared he had no faith, “he never abandoned the symbolic foundation of biblical and Christian tradition,” which constitutes “a generative tension throughout his work.” Queen Sofía at the exhibition in Burgos Cathedral. | Credit: Archdiocese of Burgos He said the Bible was for Picasso a “profound structure” of his sensibility, “an inner interpretive key forged in the sensory experience of the liturgy and the sacred Catholic imagery of his childhood.”He emphasized that in many of Picasso’s works, “the body of Christ becomes an archetype of human suffering,” particularly visible in the painting “Guernica,” “where the rhetoric of sacred iconography emerges as a language of pain.”For the cardinal, this exhibition also constitutes “an exemplary act of cultural dialogue: The cathedral and Picasso are not viewed as separate entities, but rather they challenge and illuminate each other by addressing the ultimate questions about meaning, suffering, and fraternity.”On behalf of Pope Leo XIV, he encouraged continued promotion of an authentic dialogue between Christianity and contemporary culture, “convinced that the artistic experience demands taking a broad view capable of recognizing the spiritual depth that dwells even in those who do not profess to be believers.” The opening of the exhibition — organized by the Archdiocese of Burgos, the Metropolitan Chapter, the FABA Foundation, and the Burgos Consulate of the Sea Foundation — was also attended by the vicar general of the archdiocese, Father Carlos Izquierdo Yusta, and Archbishop Emeritus Fidel Herráez Vegas, as well as other local officials.For Archbishop Mario Iceta of Burgos, the exhibition “constitutes a new milestone in the cathedral’s historical dialogue with culture.”He also recalled that the Burgos Cathedral, since the laying of its foundation stone by King St. Ferdinand (1199–1252), “has integrated all artistic styles throughout the centuries like a living organism,” and that today it also seeks to open itself up to contemporary culture through the work Picasso, a “leading and highly influential” artist.The artist’s grandson emphasized that the exhibition also has a profound meaning for the Ruiz-Picasso family, since “the artist visited the church ‘incognito’ in 1936, accompanied by his wife and son,” in what would be his last visit to Spain.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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While Pablo Picasso was a professed atheist, a new exhibit in Spain highlights the spiritual sensibilities of his art.

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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.

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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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Picture of the day A circa 1660–70 Pahari painting from Basohli, Jammu, India, depicting the Hindu goddess Bhadrakali being worshipped by the three supreme gods of Hinduism: Brahma the creator, Vishnu the preserver, and Shiva the destroyer, to pacify her after she killed the demon Mahishasura, who could not be killed by them, the men or other gods. Her victory over the demon is celebrated by Hindus as the victory of good over evil on the day of Vijayadashami, which is today. #ImageOfTheDay
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Picture of the day A circa 1660–70 Pahari painting from Basohli, Jammu, India, depicting the Hindu goddess Bhadrakali being worshipped by the three supreme gods of Hinduism: Brahma the creator, Vishnu the preserver, and Shiva the destroyer, to pacify her after she killed the demon Mahishasura, who could not be killed by them, the men or other gods. Her victory over the demon is celebrated by Hindus as the victory of good over evil on the day of Vijayadashami, which is today. #ImageOfTheDay

unitedyam
Picture of the day
A circa 1660–70 Pahari painting from Basohli, Jammu, India, depicting the Hindu goddess Bhadrakali being worshipped by the three supreme gods of Hinduism: Brahma the creator, Vishnu the preserver, and Shiva the destroyer, to pacify her after she killed the demon Mahishasura, who could not be killed by them, the men or other gods. Her victory over the demon is celebrated by Hindus as the victory of good over evil on the day of Vijayadashami, which is today.
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Picture of the day This painting on the ceiling in Santa Maria della Concezione dei Cappuccini, a church on Via Veneto in Rome, depicts the Virgin Mary being assumed body and soul into heaven. Today is the Feast of the Assumption of Mary in much of Western Christianity or the Dormition of the Mother of God in Eastern Christianity. #ImageOfTheDay
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Picture of the day This painting on the ceiling in Santa Maria della Concezione dei Cappuccini, a church on Via Veneto in Rome, depicts the Virgin Mary being assumed body and soul into heaven. Today is the Feast of the Assumption of Mary in much of Western Christianity or the Dormition of the Mother of God in Eastern Christianity. #ImageOfTheDay

unitedyam
Picture of the day
This painting on the ceiling in Santa Maria della Concezione dei Cappuccini, a church on Via Veneto in Rome, depicts the Virgin Mary being assumed body and soul into heaven. Today is the Feast of the Assumption of Mary in much of Western Christianity or the Dormition of the Mother of God in Eastern Christianity.
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