DP World to Use Stablecoins for Cross-Border Payments
20
2
DP World, a global leader in logistics and trade, has announced at the World Economic Forum in Davos its plan to issue a stablecoin. This initiative aims to streamline cross-border payments, particularly benefiting customers in emerging markets like Asia and Africa by reducing settlement times and improving access to financing. The stablecoin will be developed in collaboration with financial and technology providers across Singapore, India, the UAE, and other key markets.
Previous
How will the 33 SEC crypto cases impact DeFi?
Next
SEC Rule Change Makes Cryptocurrency Offers Easier For Banks
