Global #Cross-Border Payments

The cryptocurrency landscape is witnessing a period of cautious behavior, particularly with the stablecoin USDC trading just below its peg of $1. Despite this fluctuation, USDC's daily trading volume remains robust, exceeding $8 billion, and its market capitalization has stabilized around $35.5 billion.

In the rapidly evolving world of fintech, investment banking firm Houlihan Lokey has pinpointed Ripple, the issuer of the XRP token, as a notable competitor to the established global banking messaging network, SWIFT.

Facing sanctions that restrict traditional payment methods, Russia is reportedly exploring the use of stablecoins for cross-border transactions.