MUMBAI: India central bank has proposed linking the official digital currencies of BRICS countries to facilitate cross-border trade and tourism payments, potentially reducing reliance on the US dollar amid rising geopolitical tensions. The recommendation was made by the Reserve Bank of India (RBI) to the government ahead of India hosting the 2026 BRICS summit. Read […]
cross-border payments
Pakistan signs stablecoin deal with Trump-linked firm
Pakistan has signed an agreement to explore a dollar-linked stablecoin for cross-border payments. The deal involves a firm affiliated with World Liberty Financial, linked to U.S. President Donald Trump’s family. Officials say the move could modernize payments and support foreign exchange flows. The Pakistan Virtual Asset Regulatory Authority signed a memorandum with SC Financial Technologies. […]