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STABLECOIN PREMIUM INDIA
Supply crunch lifts stablecoin premium above 8.5% in IndiaIndia is facing a significant shortage of stablecoins like USDT, causing its price to surge locally. This premium, usually modest, has ball...- Banking system has no alternativeOverseas money changers using stablecoins for Indian remittances face unexpected issues. Stablecoins, meant for fast, cheap transfers, are ...
- ₹-backed stablecoin brings little gain, but it puts stability and bank deposits at considerable riskIndia is considering regulating rupee-backed stablecoins. This move follows growing demand and concerns about financial stability. Two firm...
- Stablecoin falters as USDT premium collapses, disrupting NRI remittance channelMoney changers' innovative plan to use stablecoins for NRI remittances is facing disruption. The usual premium on USDT over the US dollar h...
- Earn, save and spend in India — New Delhi’s friendly reminder to desi crorepatisIndia's wealthy are facing increased scrutiny on offshore wealth. Regulators are tightening rules on GIFT City AIFs, Dubai real estate inve...
- Pine Labs' strong D-Street debut; digital protection rules notifiedPine Labs started its public markets journey on a strong note. This and more in today's ETtech Top 5.
- Some dollars to India 'tethered' to StablecoinsA growing share of Indian remittances is quietly shifting to stablecoins like USDT to exploit a 4–5% premium in India. Money changers route...
- Itch to bet: Cryptos crawl into real money games bypassing banks, leave no trailSpurred by a penchant for betting, they are placing cryptocurrencies, instead of cash, with offshore bookmakers incorporated in Curacao, a ...
- Itch to bet: Cryptos crawl into real money gamesIndian players are now using cryptocurrencies to bet on offshore real money gaming sites. This trend emerges as a way to avoid banking chan...
- Pakistan tieup question mark on Trump-backed crypto firmA cryptocurrency company, largely owned by the Trump family, has signed a letter of intent with Pakistan to boost blockchain adoption, just...
- Jeeves to UHNIs Woosters: The family office dominationIndia's ultra-wealthy are increasingly leaning towards family offices for wealth management, favoring their personalized, flexible approach...
- Twenty Three for 2023: 23 ‘boats’ that must rise this year for India’s economy to weather the stormThere are a few things that India needs to be in its favour if it has to successfully navigate the gathering global storm.
- Crypto Week at a Glance: Portfolios deep in red as Bitcoin plunges below $18,000The volatility has been aided by the US Fed’s interest rate hikes as well as liquidation issues faced by centralized DeFi platforms such as...
- Terra’s aftershocks torment cryptoThis week, Terra’s creator Do Kwon was fined $78 million by tax authorities and faces an investigation in South Korea, another stablecoin l...
- Byju’s eyes multi-billion-dollar deals, may acquire Chegg; banks raise fintech concerns with RBIByju Raveendran told us in an interview that the next 12 months will be the best time to acquire companies, and that Byju’s is looking at s...
- War on Terra: how 'stablecoins' clobbered crypto this weekBillions were wiped off cryptocurrency markets this week. Bitcoin dropped below $30,000 on Monday and crashed further to $28,000 on Thursda...
- Expedia, BookMyShow signal revival; new rules to make ecommerce fairerAs for events and movies, BookMyShow said it clocked its highest-ever monthly ticket sales in March 2022. But will the new Xe variant ruin ...
- Top cryptocurrency prices today: Bitcoin, Terra and Polkadot zoom up to 9%The global crypto market cap jumped about 2 per cent to $2.40 trillion mark compared to the last day. However, the total crypto market volu...
- A week of crypto chaosThis week, a bulletin published by the Lok Sabha for the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, spooked the...
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