‘Stablecoins emerge as key players in global payment systems’

Stablecoins, backed by fiat money or other assets such as gold, are increasingly used as everyday money and are becoming part of the global payments infrastructure. Recently, Finance Minister Nirmala Sitharaman admitted that stablecoins are reshaping both the currency landscape and capital flows, and that India must be ready to embrace the innovations. Governments around […]

Visa bets on stablecoins to speed up cross -border payments

With the pilot initiative, banks, transfer companies and other financial institutions can enable accounts at Stablecoins Pre-Funds instead of traditional currency. | Photocredit: Istock.com Visa said on Tuesday that it will test a new way for companies to finance international payments by allowing them to use Stablecoins instead of getting cash in local accounts in […]