India Pilots Digital Rupee for Aid Distribution, Cross-Border Payments
India is testing whether a central bank digital currency (CBDC) can do more than modernize payments—it may also change how governments distribute public aid. While many CBDCs have received renewed attention for their potential to strengthen the global role of a nation’s fiat currency, India’s recent digital rupee endeavors have also focused on social welfare […]
The Next Phase for Prepaid Cards Could Be Stablecoins
Prepaid cards have come a long way from handwritten gift certificates sold at McDonald’s. But their next evolution may be even more radical—turning stored value into stablecoins. Javelin Strategy & Research’s Prepaid and Stablecoins: Turning Liabilities Into Assets suggests that stablecoins and other tokenized digital assets could transform prepaid cards from balance-sheet liabilities into asset-backed […]