The Cardano blockchain is preparing to introduce USDCx, a bridged version of the widely used stablecoin issued by Circle, by the end of February. The move is designed to address a persistent liquidity shortfall that has limited decentralized finance, or DeFi, expansion within the Cardano ecosystem. With less than Rs. 330 crore (approximately $40 million)… Continue reading Cardano Targets Late-February Launch of USDCx to Strengthen Stablecoin Liquidity
Tag: Stablecoin
NymCard and Visa Introduce Stablecoin Settlement to Modernize Payments Across the GCC
A new partnership between regional fintech firm NymCard and global payments leader Visa signals a major step toward integrating blockchain technology into mainstream finance across the Gulf Cooperation Council (GCC). The companies have introduced a stablecoin-based settlement framework designed to enhance cross-border payment efficiency, reduce transaction friction and improve liquidity management for financial institutions. By… Continue reading NymCard and Visa Introduce Stablecoin Settlement to Modernize Payments Across the GCC
Pakistan Weighs Stablecoin Integration to Modernize Digital Payments
Pakistan is exploring the potential use of stablecoins as part of a broader strategy to modernize its payments infrastructure and expand financial inclusion. Policymakers and fintech stakeholders are evaluating how blockchain-based digital dollars could streamline remittances, reduce transaction costs, and improve cross-border settlement efficiency. With remittance inflows forming a vital pillar of the national economy,… Continue reading Pakistan Weighs Stablecoin Integration to Modernize Digital Payments
Japan Launches the World’s First Yen-Pegged Stablecoin, Marking a New Chapter in Digital Finance
Japan has taken a landmark step in digital finance with the launch of the world’s first stablecoin pegged to the Japanese yen. The development underscores the country’s proactive regulatory approach and its ambition to position itself as a global leader in blockchain-based financial innovation. Designed to maintain a one-to-one value with the yen, the stablecoin… Continue reading Japan Launches the World’s First Yen-Pegged Stablecoin, Marking a New Chapter in Digital Finance
RBI Raises Red Flag on Stablecoins, Citing Threats to Monetary Control and Financial Stability
The Reserve Bank of India has issued a strong caution against the growing use of fiat-backed stablecoins, warning that such digital assets could undermine monetary sovereignty and pose systemic risks to financial stability. The central bank emphasized that privately issued cryptocurrencies pegged to national currencies may weaken regulatory oversight, disrupt capital flows, and dilute the… Continue reading RBI Raises Red Flag on Stablecoins, Citing Threats to Monetary Control and Financial Stability
Sony Bank Plans Launch of US Dollar-Pegged Stablecoin for Gaming and Anime Markets
Sony Bank is reportedly preparing to introduce a US dollar-backed stablecoin aimed at the gaming and anime sectors, signaling a strategic push into digital asset ecosystems. The proposed stablecoin is expected to facilitate seamless transactions within virtual platforms, enabling faster payments, reduced transaction fees, and cross-border accessibility. Analysts view this move as part of a… Continue reading Sony Bank Plans Launch of US Dollar-Pegged Stablecoin for Gaming and Anime Markets
Hong Kong Stablecoin Stocks Slide as PBOC Signals Intensified Crypto Crackdown
Hong Kong–listed companies tied to stablecoin and digital-asset operations witnessed a sharp downturn after the People’s Bank of China (PBOC) reiterated its commitment to tightening oversight of cryptocurrency-related activities. The renewed warning from Beijing revived concerns about regulatory pressure spilling over into regional markets, particularly firms with exposure to blockchain infrastructure, virtual-asset payments and stablecoin… Continue reading Hong Kong Stablecoin Stocks Slide as PBOC Signals Intensified Crypto Crackdown
Gold and Bitcoin Chart Divergent Courses as Stablecoin Liquidity Signals a Potential Shift in Gold Markets
Gold and Bitcoin, often viewed as competing stores of value, are once again moving in different directions as global investors reassess risk appetite and liquidity flows. While Bitcoin has surged on renewed speculative momentum, gold is entering a period of recalibration—yet showing signs of a potential breakout supported by increased activity in stablecoin markets, particularly… Continue reading Gold and Bitcoin Chart Divergent Courses as Stablecoin Liquidity Signals a Potential Shift in Gold Markets
RBI Flags Sovereignty Risks as Stablecoins Gain Traction
The Reserve Bank of India has reiterated its concerns over the rapid expansion of stablecoins, warning that their widespread adoption could erode monetary sovereignty and impair the stability of the financial system. According to the central bank, privately issued digital tokens pegged to fiat currencies may weaken the effectiveness of domestic monetary policy, complicate capital-flow… Continue reading RBI Flags Sovereignty Risks as Stablecoins Gain Traction
ARC Introduces New Asset-Backed Stablecoin to Strengthen India’s Digital Finance Landscape
India’s digital asset ecosystem is witnessing a significant development with the introduction of ARC, a new asset-backed stablecoin designed to enhance transactional stability and foster trust in the emerging crypto-finance sector. Positioned as a safeguarded digital token tied to verifiable underlying assets, ARC aims to bridge the gap between traditional financial systems and decentralized technologies.… Continue reading ARC Introduces New Asset-Backed Stablecoin to Strengthen India’s Digital Finance Landscape