Currencies

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....

Escalating tensions between Israel and Iran pushed global oil prices up, leading to a decline in the Indian currency and the nation’s equity markets. Major market benchmarks, the BSE Sensex and the NSE Nifty fell by afternoon trade despite a brief recovery run during brunch hours. The Sensex lost more than 346 points to hit a day low of 81.237.01 while Nifty shed 102 points to a low of 24750.45 so far. TCS, Hindustan Unilever, Adani Ports, Bajaj Finserv, NTPC, HCL Tech, and Tata Motors led the laggards in the...

Speculation around US involvement puts FX, equities under pressure. by Zijia Song and Srinivasan Sivabalan  Currencies and stocks in developing nations fell as escalating tensions in the Middle East and the upcoming Federal Reserve interest rate decision dimmed risk appetite.   Indexes tracking emerging-market currencies and stocks saw losses of more than 0.4% each on Tuesday as Tehran was hit by a fresh wave of missiles. President Donald Trump was set to meet his national security team to discuss the conflict, fueling speculation that the US could join Israel’s attack on Iran.  ...