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Crypto
Dollar stablecoins could undermine emerging market monetary sovereignty, BIS warns
Dollar-pegged stablecoins could bypass capital controls and weaken monetary sovereignty in emerging markets, researchers at the Bank for International Settlements said. Comparing foreign-currency deposits and stablecoin inflows across more than 130 countries, they found stablecoin flows were largely unaffected by capital and foreign-exchange restrictions. The researchers said households and firms may shift into dollar tokens where local currencies are unstable or financial access is limited, reducing central banks’ policy influence.
Crypto
MiniPay launches Visa debit card, allows stablecoin payments
MiniPay, Opera\'s stablecoin wallet service, has launched a Visa debit card and is seeking to expand real-world use of stablecoins. Cointelegraph reported the card will be available across parts of Africa, Latin America, Southeast Asia and Europe, allowing users to pay for goods and services with stablecoins. The card runs on Gnosis Pay infrastructure and lets merchants receive local currency via the Visa network. MiniPay is built on the Celo blockchain.
Crypto
XRP efficiency debate rekindled, with some arguing speed matters more than locked liquidity
A debate has resurfaced in the XRP community over whether XRP can deliver high efficiency in cross-border payments without tying up large liquidity. A community figure, Eri, argued XRP’s edge lies in fast turnover that allows the same tokens to be reused quickly, citing Mexico-based exchange Bitso. Critics counter that speed alone cannot support global payment infrastructure without deep liquidity pools, warning of bottlenecks and slippage during surges in institutional demand.