List of Flash News about crypto financial rails
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08:19 |
India GDP Tops $4 Trillion: @smtgpt Says Stablecoins Can Cut Remittance Fees to 1–3% and Enable Near-Instant Transfers — Trading Watch
According to @smtgpt, India has recently crossed $4 trillion in GDP and should adopt crypto-based monetary architectures, with stablecoins highlighted for reducing inbound remittance costs to 1–3% and enabling near-instant transfers, which he frames as critical for modernizing financial rails by 2047, source: @smtgpt post on X (Oct 6, 2025). He adds that India is the world’s largest recipient of remittances, underscoring the scale impact if fees drop into the 1–3% band, source: @smtgpt post on X (Oct 6, 2025); corroborating data shows India led global remittance inflows in 2023, source: World Bank, Migration and Development Brief 40 (Nov 2023). He cites Finance Minister Nirmala Sitharaman as warning that nations must adapt to new monetary architectures like stablecoins or risk exclusion, signaling policy relevance for market participants, source: @smtgpt post on X (Oct 6, 2025). For traders, the commentary flags a potential policy catalyst for on-chain remittance rails and stablecoin demand tied to INR corridors; monitoring official guidance from India’s Finance Ministry and RBI could be actionable for liquidity and flow analysis, source: @smtgpt post on X (Oct 6, 2025). |