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STABLECOINS REMITTANCE
ED searches Bengaluru firms over alleged crypto-linked cross-border money transfers; probe estimates over Rs 2,500 croreBengaluru's Enforcement Directorate has raided six locations over alleged illegal cross-border money transfers exceeding Rs 2,500 crore usi...- Will stablecoins replace Visa and Mastercard? $719 trillion forecast signals major shift in global payments by 2035Stablecoin forecast 2035 explained: Stablecoin transactions could hit $719 trillion by 2035. This surge is fueled by younger generations em...
- OpenFX secures $94 million in round led by Accel, AtomicoLightspeed, Faction VC, M13, Northzone, and Pantera participated in the funding round of the cross-border payments infrastructure startup. ...
- Mastercard to buy stablecoin infra firm BVNK for up to $1.8 billionMastercard is set to acquire BVNK, a stablecoin payments infrastructure company. The deal, valued up to $1.8 billion, signals Mastercard's ...
- Pakistan to partner with firm connected to Trump family's main crypto businessPakistan has signed a memorandum of understanding with SC Financial Technologies, an entity linked to World Liberty Financial, the crypto b...
- 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...
- 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...
- ETtech Explainer: Will India toss the stablecoin, or embrace it?A stablecoin is a type of cryptocurrency pegged to another asset, such as gold or the US dollar. Unlike volatile cryptocurrencies such as B...
- 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...
- Stablecoin $2 trillion forecast is ‘optimistic,’ JP Morgan saysJPMorgan Chase analysts are skeptical of the $2 trillion growth projection for the stablecoin market, deeming it overly optimistic. While a...
- Is the GENIUS Act an answer to Stablecoin regulation in the US? All about first-of-its-kind cryptocurrency legislationThe US Senate has advanced the GENIUS Act, a bipartisan bill aimed at regulating stablecoins, with a 66-32 vote. This significant step towa...
- Why CBDC may not be the silver bullet to address crypto assets risksStablecoins could also offer a faster, cheaper, and easier channel for cross-border remittances that broadly sidesteps the formal financial...
- Over 7% Indians owned cryptocurrency in 2021: UN trade bodyUNCTAD highlighted that the use of cryptocurrencies globally, including the developing countries, has increased exponentially during the CO...
- Many Indian expats turn to crypto to remit moneyIndustry trackers say that the way Indians are warming up to crypto assets as well as decentralised finance, remittances through crypto ass...
- Many Indian expats turn to crypto to remit moneyIndustry trackers say that the way Indians are warming up to crypto assets as well as decentralised finance, remittances through crypto ass...
- Crypto exchanges see a spurt in remittances from the Middle East, USIn most cases remittances are being done through less volatile crypto assets that are pegged to other currencies
- Tech Mahindra partners Quantoz to offer Stablecoin as a Service to US banksTech Mahindra will help customers integrate Quantoz’s NEXUS platform into their legacy infrastructure, which will enable automated token, c...
- All about Stablecoin: The new kid on the block(chain)Stablecoins are cryptocurrencies that are designed to minimise price volatility.
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