Currencies

World Liberty Financial, the decentralized finance venture backed by President Donald Trump and his family, has launched a stablecoin. The stablecoin, dubbed USD1, will be pegged to the U.S. dollar and be backed by short-term U.S. government treasuries, U.S. dollar deposits, and other cash equivalents. It joins an increasingly crowded market of stablecoins. The market cap for dollar-backed stablecoins has grown more than 46% in the past year, according to CryptoQuant. World Liberty Financial, the decentralized finance venture backed by President Donald Trump and his family, has launched a stablecoin,...

State Bank of India raised $1 billion in the largest dollar-denominated syndicated loan this year from the nation, giving a boost to the lagging foreign-currency debt market. The borrower opted not to exercise a greenshoe option to increase the five-year facility by as much as $250 million, said people familiar with the matter, who asked not to be identified discussing private information. SBI declined to comment. Foreign-currency loans taken out by Indian issuers have declined 30 per cent to $3.2 billion so far in 2025 from the year-earlier period, and are...

OpenAI's Sam Altman is reportedly in talks with Visa to enhance World Wallet with cross-asset functionality. The collaboration aims to develop a sophisticated wallet strategy, enabling seamless cross-platform transactions with crypto, cards, and fiat currencies. Altman, known for his impact on the global AI landscape with ChatGPT, also leads Worldcoin (World)—a controversial Web3 project designed to offer ‘proof of personhood' in response to the growing presence of AI and bots online.Altman reportedly launched World Wallet alongside the Worldcoin project in July 2023. By integrating Visa, he aims to evolve it...

Over the last seven trading sessions, the rupee has appreciated by 154 paise, placing it at the top of the performance chart among Asian currencies for the month. Meanwhile, benchmark stock indices have seen their longest winning streak since September 2024read moreIndian investors and forex traders have recently had a couple of reasons to celebrate. It appears that the financial markets in the country are in comeback mode.The Indian rupee is finally limping back up against the US dollar. The stock market, having taken several hits in the past few...

BENGALURU: Indonesian stocks tumbled more than 4% and its currency hit a three-week low on Monday, as traders exited on concerns around the country’s fiscal health and growth prospects, compounded by the threat of steep US tariff hikes. An MSCI gauge of emerging Asian equities ticked lower. Stocks in South Korea and Taiwan, making up over a third of the index, fell about 0.4%, while Indian stocks, accounting for one-fifth of the index, jumped 1.1%. Traders remained on edge as US President Donald Trump’s barrage of tariffs due next week...

MELBOURNE – The Indonesian rupiah declined to its weakest level since the Asian financial crisis as fears mounted over the nation’s fiscal trajectory, putting pressure on the central bank to step up efforts to defend the currency. The rupiah fell 0.5 per cent to 16,641 against the US dollar on March 25, its weakest since June 1998. The currency has slumped more than 3 per cent in 2025, making it one of the worst performers in emerging markets.The rupiah has also slumped against the Singapore currency, down about 6 per...

Shark Tank investor Kevin O'Leary shared an Instagram clip on March 23, 2025, revealing a game-changing move related to the crypto industry. This would benefit entrepreneurs and investors looking forward to getting the latest updates related to digital currencies. Kevin O'Leary stated that after waiting for seven years, the crypto industry has gotten "the Stablecoin Act." He referred to that as a "first step" towards a series of "legislative" moves and how it would drastically change the working of digital payments. Shark Tank mentor captioned the video clip with: "Finally,...

The chance to convert into valuable currency in Honkai Star Rail is vanishing soon. If you don’t act fast, you’ll miss out. Honkai Star Rail runs on a maze of currencies. Stellar Jade fuels gacha pulls. Credits handle upgrades. Passes open banners. Some currencies are forever, others are here today, gone tomorrow. The trick is knowing which ones to hoard and which ones to spend before they disappear. One particularly useful item is on its way out as soon as each month turns. If you don’t convert it before March...

(Bloomberg) -- Emerging-market equities and currencies snapped three days of declines on Monday as President Donald Trump signaled certain nations will receive breaks from next week’s reciprocal tariffs, boosting risk appetite across the region. Most Read from Bloomberg The MSCI emerging-market equity index rose 0.4%, driven by gains in Hong Kong-traded technology bluechips. Developing-world currencies, meanwhile, traded mixed, with the broad gauge up less than 0.1%. The Mexican peso led gains amid easing tariff pressures from the world’s largest economy. Trump’s upcoming tariff announcement on April 2 is poised to...

The global economy is inexorably moving towards a multicurrency system as China’s persistent efforts to internationalise the yuan and technological changes erode the US dollar’s dominant position, economists said at a conference on Monday.“Trade invoicing in yuan went from zero per cent to 30 per cent in the last 10 years, and half of Chinese capital flows are now in yuan, much higher than before,” said Jin Keyu, a professor at the London School of Economics, at a panel hosted by the Milken Institute, a US-based think tank.“The truth is...