Using stablecoins to upgrade remittances
Remittances can be converted into dollar stablecoins, bridged into the Pakistani CBDC's network, exchanged at market rates, and redeemed into rupees via Raast.
Get the latest news and updates from Dawn
The writer leads Stacks Asia Foundation, the Asia-focused foundation for the Stacks blockchain, where he coordinates work on stablecoin-based remittance settlement and related financial infrastructure. He tweets @baigi, and may be contacted via LinkedIn at https://www.linkedin.com/in/baighassan
