With its support for Flávio, Bitget becomes the first crypto exchange to participate in the competition and will have its own car in Latin America's largest Grand Touring category.
With its support for Flávio, Bitget becomes the first crypto exchange to participate in the competition and will have its own car in Latin America's largest Grand Touring category.
Dubey highlighted concerns about cryptocurrency, pointing out that Reserve Bank of India (RBI) Governor Shaktikanta Das has consistently stated that cryptocurrencies are not legal tender. Despite this stance, the Supreme Court ruled against restrictions on cryptocurrency exchanges, allowing them to continue operations.
The announcement comes amid the growing adoption of stablecoins globally. Last year, stablecoin transaction volumes surpassed those of Visa and Mastercard combined, signaling a shift in how digital assets are being utilized for everyday transactions.
The study paints a fascinating picture of how crypto adoption is unfolding globally. While countries like the United States boast an extensive network of 29,834 Bitcoin ATMs, it’s the UAE’s high crypto ownership rate of 25.3% and an adoption rate of 210% that have propelled it to the top spot.
The PoC will assess the feasibility and benefits of using stablecoins for international trade, addressing key regulatory and compliance challenges along the way.