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LOCAL CURRENCY STABLECOINS
From lottery draws to fiscal spending, China broadens digital yuan footprintIn a series of measures, many revealed here for the first time, the People's Bank of China (PBOC) is giving banks policy incentives and beh...- Why West’s crypto rules matter for East’s financial futureThe US CLARITY Act addressing legal uncertainty will shape global crypto regulation. Eastern hubs like the UAE and Singapore are moving ahe...
- Fintech Pine Labs to launch stablecoin payments outside India, CEO saysThe Temasek and Peak XV-backed company aims to launch in countries that have a "stablecoin-friendly stance", Amrish Rau said in an intervi...
- RBI proposes linking BRICS' digital currencies, sources sayIndia's central bank has proposed linking BRICS nations' digital currencies to facilitate cross-border trade and tourism payments, potentia...
- India's central bank proposes linking BRICS' digital currenciesIndia will host the summit, which will be held later this year. If the recommendation is accepted, a proposal to link the digital currencie...
- Stablecoins pose big risks, serve no real purpose, says RBI’s Rabi SankarReserve Bank of India Deputy Governor T. Rabi Sankar cautioned against stablecoins, citing significant macroeconomic risks and their lack o...
- Unbacked cryptos have no value, stablecoins risk policy sovereignty: RBI DGRBI Deputy Governor T. Rabi Sankar has voiced concerns about stablecoins. He believes they could destabilize economies like India and that ...
- Visa bets on stablecoins to speed up cross-border paymentsVisa is piloting a new system allowing businesses to use stablecoins for international payments, eliminating the need to pre-deposit cash i...
- European banks to launch euro stablecoin in bid to counter US dominanceNine European banks, including ING and UniCredit, are creating a company to launch a euro-backed stablecoin, challenging U.S. dominance in ...
- China considering yuan-backed stablecoins to boost global currency usageThe State Council - China's cabinet - will review and possibly approve a roadmap later this month for the greater usage of the currency glo...
- China considering yuan-backed stablecoins to boost global currency usage, sources sayChina is considering allowing the usage of yuan-backed stablecoins for the first time to boost wider adoption of its currency globally, sou...
- Japan startup to issue first yen-pegged stablecoinJPYC, which plans to issue the stablecoin around autumn, said it would not charge transaction fees. Instead, the more stablecoins it issues...
- Trump momentum drives stablecoin urgency in Asian financial hubsTrump’s support for dollar-pegged stablecoins is spurring Asian nations to fast-track crypto regulations. Countries like South Korea, Hong ...
- China's tech giants lobby for offshore yuan stablecoin, sources sayStablecoins are digital tokens, in the form of cryptocurrencies pegged to liquid assets, so far mostly the U.S. dollar but also in some cas...
- Road to a $3.7 trillion Stablecoin market is full of obstaclesStablecoins are on the brink of mainstream adoption, with the US Senate advancing legislation and major firms like PayPal and Amazon eyeing...
- Creating framework for unbacked Crypto assets' regulation a priority: RBIThe Reserve Bank of India (RBI) has expressed its commitment to creating a global regulatory framework for crypto assets, stablecoins, and ...
- Can every currency of the world be a stablecoin?Large currencies have volume, some established form of consistency and track record and tangible backing, and thereby make for a good stand...
- Emerging market 'cryptoization' threatens financial stability: IMFBitcoin and its kin have in the last year soared in price and popularity, with emerging and developing market economies such as Vietnam, In...
- A digital money rush is great. A run, not so muchBlockchain-based stablecoins such as Tether and the upcoming Diem are the latest form of private money: Tokens that do not offer Bitcoin-ty...
- All about Stablecoin: The new kid on the block(chain)Stablecoins are cryptocurrencies that are designed to minimise price volatility.
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