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‘Stablecoins can cut cost of cross-border transactions’

In the backdrop of India’s remarkable advancements in digital payments, a Visa executive brought attention to pressing issues regarding credit availability and the need for better fraud protection measures. He contrasted India’s credit card usage with China’s, suggesting that embracing fiat-backed stablecoins could greatly slash cross-border payment fees, driving greater efficiency and scalability in the process.

Source :- Markets-Economic Times Read More

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