India, Aug. 18 -- In recent months policy discussions have focused on the United States' increasingly assertive trade policies and their impact on global supply chains and economic stability. A new dimension in this debate is the rise of US dollar-pegged stablecoins and the digital financial infrastructure that supports them. The Trump administration's promotion of crypto assets and US dollar-pegged stablecoins, combined with regulatory moves in Singapore,SouthKorea and Hong Kong, have generated worldwide interest. Stablecoins are digital tokens pegged to another asset, often a sovereign currency. US dollar-pegged stablecoins, are backed one-to-one with dollars or liquid dollar assets and are redeemable at face value despite their occasio...
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