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Pakistan ties up with crypto business of Donald Trump’s family; World Liberty Financial to explore stablecoins use

World Liberty Financial will collaborate with Pakistan’s central bank to incorporate its USD1 stablecoin into a regulated digital payments framework. (AI image) Donald Trump’s family has just upped their stakes in Pakistan! World Liberty Financial, a cryptocurrency venture linked to US President Donald Trump’s family, has entered into an agreement with Pakistan. The development comes…

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Stablecoins unstable, pose major fin risks: RBI deputy governor

MUMBAI: RBI deputy governor T Rabi Sankar on Friday said that stablecoins are inherently unstable and pose major macro-financial risks, including currency substitution, dollarisation and weakened monetary-policy transmission.Sankar’s comments come at a time when US govt’s stance is broadly supportive of dollar-denominated payment stablecoins as part of the formal financial system, distinct from lightly supervised…

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