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🌎 Stablecoins for Global Trade and Payments
- Russian Firms Embrace Stablecoins: Russian companies are increasingly turning to stablecoins to facilitate cross-border transactions amidst sanctions. This trend highlights the potential of stablecoins to bypass traditional financial systems and provide a more efficient and accessible alternative: Read more
- Cambodia Sees Stablecoins Boosting Fiat: Cambodia's central bank governor believes digital currencies can actually strengthen the use of fiat money. This perspective suggests stablecoins could complement, rather than replace, existing financial structures: Read more
- PayPal Expands PyUSD to Solana: PayPal's stablecoin, PyUSD, is now available on the Solana blockchain, offering users faster and more affordable transactions: read more
🏛️ HSBC and US Credit Unions push for tokenization
- HSBC Backs Singaporean Digital Market Infrastructure: Global banking giant HSBC has invested in Marketnode, a Singapore-based company focusing on digital market infrastructure. This move signals continued institutional interest in the potential of blockchain technology and digital assets: Read more
- Hong Kong Steps Up Crypto Regulation: Hong Kong's Securities and Futures Commission (SFC) is conducting on-site inspections of crypto platforms, indicating a focus on ensuring compliance and investor protection within the crypto space: Read more
- US Credit Unions Embrace Tokenization: US credit unions are adopting tokenization of real-world assets, demonstrating the potential of blockchain technology to improve efficiency and security in traditional financial services: Read more
🇨🇳 🇮🇱 CBDCs in China and Israel
- China's CBDC Update: The Chinese central bank provided an update on its digital yuan (e-CNY), emphasizing its use in both the domestic market and cross-border transactions. This development underscores China's commitment to exploring the potential of CBDCs: Read more
- Israel Launches Digital Shekel Test: Israel has begun testing its own digital shekel, further adding to the growing list of countries exploring CBDC implementation: Read more
🪪 Other Notable News
- Mastercard Unveils Crypto Credential Service: Mastercard is launching a new service that allows users to store and manage their crypto credentials securely. This development could facilitate wider adoption of cryptocurrencies for everyday payments: Read more
