August, 22 2025 Friday 08:42 Hrs
  • SENSEX :   82,000.71

  • Commodity broking firm in India142.87( 0.17%) 21-Aug-2025
top-arrow-market
Sensex 82000.71 142.87  (0.17) 21-Aug-2025
Previous Day Close
81857.84
Today's High/Low
High Low
  •  
  •  
82231.17 81921.22

Other Markets - Detailed News

Stablecoins have the potential to maintain and extend the role of US dollar internationally says Fed's Waller
21-Aug-25   16:42 Hrs IST
Federal Reserve Governor Christopher Waller has noted that stablecoins can reinforce US dollar dominance. He stated that the original use of stablecoins was to facilitate crypto trading. Crypto-asset prices can be volatile and as with any financial market, there is a need for traders to move out of relatively risky positions into safer ones with a stable asset price. As the stablecoin market matured, firms found that the properties of stablecoins using distributed ledger technology' including 24/7 availability, fast transferability, and their freely circulating nature 'could be attractive for other use cases as well. That includes providing a means to access and hold U.S. dollars, particularly in countries with high inflation or without easy or affordable access to dollar cash or banking services. In fact, stablecoins have the potential to maintain and extend the role of the dollar internationally. Stablecoins also have the potential to improve retail and cross-border payments.

Powered by Capital Market - Live News

Top
Attention Investor:
Prevent unauthorised transactions in your account Update your mobile numbers/email IDs with your stock brokers/Depository Participant.     KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, ,Mutual ).    No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.