Currencies

 The U.S. Senate has passed the GENIUS Act. The Senate passed legislation to establish the first regulatory framework for stablecoins, capping prolonged, topsy-turvy bipartisan negotiations. According to media reports, the Senate voted 68-30 to pass the bill Tuesday, with two Republicans voting no. The GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins Act) is a bipartisan legislative effort introduced in 2025 to create a clear regulatory framework for stablecoins—digital assets pegged to the value of traditional currencies like the U.S. dollar. READ: Trump’s stablecoin powers $2 billion crypto...

China’s central bank chief Pan Gongsheng has pledged to expand the footprint of the digital yuan, reaffirming the country’s vision for its central bank digital currency (CBDC).According to a Reuters report, China is creating an international operations center in Shanghai for the digital yuan, also known as e-CNY. Pan made the remarks at the Lujiazui Forum, a professional forum for high-profile local and international finance regulators and executives.China envisions a “multipolar” currency system where multiple currencies support the global economy, Pan said. This vision contrasts with the current system, where...

Circle has followed its IPO by partnering with London financial infrastructure developer OpenPayd and Brazilian fintech Matera to support payments infrastructure for stablecoins and traditional currency.The unified Circle/OpenPayd platform is expected to enable OpenPayd's business clients to execute payments using Circle's USDC stablecoin, with conversions between fiat and stablecoins on both ends of the transaction.That conversion is a key element for stablecoin payments, which can act as a bridge between different currencies on both ends of an international transaction. The London-based OpenPayd  processes about $160 billion in payments annually.By adding...

After a turbulent week of sell-offs, Ripple (XRP) experienced a tremendous daily trading volume explosion to $2.5 billion. This explosive 45% jump in trading activity signals a powerful resurgence of investor interest, which could push XRP price to new highs. It comes at a time when investors are seeking new coins with massive upsides and Remittix (RTX), a cutting-edge payment solution, fits the bill. Crypto experts believe RTX can mirror XRP’s early trajectory or even surpass the crypto bigwig. This article explains why.Remittix: A new crypto payments sensationRemittix solves crypto’s most...

Foreign and domestic institutional investors were net buyers in Indian equities on Wednesday, with domestic funds continuing to show stronger momentum, provisional exchange data showed.Foreign institutional investors (FIIs) made a net purchase of ₹890.93 crore, while domestic institutional investors (DIIs) bought shares worth ₹1,091.34 crore on a net basis. For the month so far, FIIs have sold Indian equities worth ₹5,869.04 crore, with gross purchases of ₹172,852.35 crore and gross sales of ₹178,721.39 crore. In contrast, DIIs have emerged as firm buyers, net purchasing ₹58,138.87 crore worth of stocks, with...

(Bloomberg) -- People’s Bank of China Governor Pan Gongsheng laid out in the clearest terms yet his vision for the future of a new global currency order after decades of dollar dominance, predicting a more competitive system will take root in the years to come. Most Read from Bloomberg “In the future, the global monetary system could continue to evolve toward a situation where a few sovereign currencies co-exist, compete and check and balance each other,” Pan said Wednesday in a keynote speech at the annual Lujiazui Forum in Shanghai....