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šµš° PAKISTAN SET TO LAUNCH RUPEE-BACKED STABLECOIN
Pakistanās crypto regulator PVARA, led by Bilal Bin Saqib, just confirmed the country will ādefinitely launchā its own sovereign stablecoin ā alongside work on a central-bank-digital-currency (CBDC).
Why this could matter:
The stablecoin aims to carry the value of Pakistani rupee ā potentially a digital-fiat lifeline people can use without messing with risky crypto.
Could modernize payments, make remittances cheaper and faster ā a big deal for Pakistani expats and everyday users.
Governmentās trying to blend digital-asset innovation with regulation, maybe pulling in fintech investment and reducing reliance on unstable foreign currency flows.
What to watch out for:
Implementation matters ā stablecoins still need strong regulation, transparency, and public trust.
If reserves/backing arenāt handled properly it could backfire.
User adoption & interface (wallets, exchanges, ease of use) will decide success/failure.
Hashtags:
#PakistanCrypto #Write2Earn #DigitalRupee #FintechPK $LUNC $LUNA $ACE
šµš° PAKISTAN SET TO LAUNCH RUPEE-BACKED STABLECOIN
Pakistanās crypto regulator PVARA, led by Bilal Bin Saqib, just confirmed the country will ādefinitely launchā its own sovereign stablecoin ā alongside work on a central-bank-digital-currency (CBDC).
Why this could matter:
The stablecoin aims to carry the value of Pakistani rupee ā potentially a digital-fiat lifeline people can use without messing with risky crypto.
Could modernize payments, make remittances cheaper and faster ā a big deal for Pakistani expats and everyday users.
Governmentās trying to blend digital-asset innovation with regulation, maybe pulling in fintech investment and reducing reliance on unstable foreign currency flows.
What to watch out for:
Implementation matters ā stablecoins still need strong regulation, transparency, and public trust.
If reserves/backing arenāt handled properly it could backfire.
User adoption & interface (wallets, exchanges, ease of use) will decide success/failure.
Hashtags:
#PakistanCrypto #Write2Earn #DigitalRupee #FintechPK $LUNC $LUNA $ACE
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