The RBI has raised concerns over stablecoins, saying they fail the core tests of money and pose risks to financial stability, while backing CBDCs as a safer digital alternative.

Why RBI believes stablecoins fail the ‘singleness, elasticity and integrity’ test of money

Iranian cryptocurrency exchanges saw a sudden surge in activity following joint U.S.-Israeli airstrikes on February 28, reflecting investor panic and capital flight. According to Chainalysis, nearly $10.3 million in crypto assets were moved out of Iran between February 28 and March 2. Traders reportedly shifted funds to stablecoins and foreign wallets to hedge against further geopolitical and economic instability.

Israel-Iran War: $10.3 Million Crypto Outflows in Iran After February 28 Strikes 

Visa announced it is testing a new way for businesses to fund international payments, allowing them to use stablecoins instead of pre-depositing cash in local accounts.

Visa tests Stablecoins for international payments pilot

The stablecoin market has seen significant growth recently, expanding by $2.21 billion in around a week between August 9 and August 18. Tether, the cryptocurrency stable coin, was at the core of this increase, contributing 1.

Stablecoin Market Surges $2.21 Billion in a Week as Tether, PYUSD lead the way

Tether holdings, issuer of the largest stablecoin, is making waves with a new synthetic dollar backed by gold. This comes amid Tether's ambitions to expand beyond USDT stablecoin, a token worth $112.

Crypto giant Tether introduces new digital token backed by gold

Russian commodities firms struggling to execute financial transactions with Chinese counterparts have started tapping a new method for settling deals - cryptocurrency or stablecoins. This shift is mainly attributed to current sanctions against Russia due to the ongoing Ukraine-Russia war.

Gravitas: Crypto, a saviour for sanctions-hit Russia?

We shift our focus to how sanctions-hit Russia looks at new trade settlement options. Stablecoins have emerged as a viable alternative. Russian commodities firms having trouble settling transactions with their Chinese counterparts use this method. Take a look at this report to know more.

Russian firms turn to crypto for China commodities trade

Crypto stablecoin investments are making regulators nervous. Stablecoins are crypto tokens whose value is typically pegged to a currency such as the US Dollar. Watch in for more details!

Crypto Stablecoins have the potential to rock real-world markets

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