Search results for mBridge
Crypto
U.S. moves to expand overseas use of dollar-backed stablecoins
The U.S. government is reviewing steps to expand overseas use of dollar-backed stablecoins, a move the Trump administration is considering as a way to strengthen the dollar’s role as the world’s reserve currency. The review may include joint ventures with private companies and participation by multiple federal agencies, including the Treasury and State departments and the U.S. International Development Finance Corp. Officials also expect increased demand for U.S. Treasuries, key reserve assets for these stablecoins.
Crypto
China steps up digital yuan expansion, puts steady rollout in next five-year plan
The People\'s Bank of China has formalised a policy to develop the digital yuan steadily over the next five years, naming it a key task in its 15th five-year reform and development plan. The plan puts the digital yuan among priorities for financial infrastructure and central bank services reform, alongside payment-system improvements and tighter anti-money laundering rules. It also sets out steps to expand cross-border use, build payment networks and develop offshore yuan markets.
Crypto
Saudi cryptocurrency market seen reaching $47.8 billion by 2034, driven by youth and institutions
Saudi Arabia\'s cryptocurrency market is expected to grow to $47.8 billion by 2034, an IMARC Group report cited by Cryptopolitan showed. The market is projected to expand from $24.9 billion at the end of 2025, with average annual growth of 7.51 percent from 2026 to 2034. Drivers cited include Vision 2030, institutional investment, a young population, supportive regulations and wider blockchain use, including participation in the mBridge cross-border payments project.
