Western Union is piloting stablecoin remittance settlements in select corridors across South America and Africa, part of a closed-loop test announced by …
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Western
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Finance
Western Union Eyes Stablecoins as Remittance Giants Face Outward Pressure
by shayaanby shayaanWestern Union has become the latest financial giant to signal interest in stablecoins, as competition heats up in the global remittance market …
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Regulation
Russian Finance Ministry eyes domestic stablecoin to bypass Western infrastructure
by shayaanby shayaanRussia’s Finance Ministry is evaluating the creation of domestic stablecoins pegged to foreign currencies after access to Tether’s USDT was restricted for …
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Markets
Russia Turns to Crypto to Bypass Western Sanctions in Oil Trade: Reuters
by shayaanby shayaanRussia has turned to cryptocurrencies to facilitate oil trade with China and India, effectively bypassing Western sanctions in its $192 billion oil …
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Regulation
Russia Side-Stepping Western Sanctions by Trading Bitcoin (BTC), Ethereum (ETH) and USDT for Oil: Report
by shayaanby shayaanRussia is using cryptocurrencies in oil transactions with India and China, according to a new Reuters report. Citing “four sources with direct …
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Adoption
Crypto becomes lifeline for Iran and Russia amid Western sanctions – Chainalysis
by shayaanby shayaanSanctioned entities received $15.8 billion in crypto in 2024, accounting for 39% of all illicit crypto transactions, according to the 2025 Crypto …