Stablecoins
- On 10th October 2025, a group of leading banks—including Bank of America, Citi, Deutsche Bank, Goldman Sachs, and UBS—announced plans to collaborate on exploring the creation of stablecoins pegged to G7 currencies.
- Stablecoins are blockchain-based digital assets designed to maintain a stable value relative to fiat currencies, commodities, or other assets, distinguishing them from other volatile virtual digital assets.
- They achieve stability through three main mechanisms: fiat-backed reserves (e.g., USDT, USDC), crypto-backed collateral (e.g., DAI), or algorithmic adjustments that manage supply and demand.
- Stablecoins enable faster, cheaper, and more transparent transactions compared to traditional banking, with cross-border transfers settling in ....
Do You Want to Read More?
Subscribe Now
To get access to detailed content
Already a Member? Login here
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material since 2018 of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Science & Technology
- 1 Germanium-Free Thermal Imaging Payload for Drones
- 2 TARA Glide Weapon System
- 3 ‘Drishti’: World's First OptoSAR EO Satellite
- 4 Solar Corona
- 5 ISRO partners with Sweden for ‘Shukrayaan’ Mission
- 6 ISRO Study Reveals New Insights into Moon’s Lunar Regolith
- 7 SMILE Space Mission
- 8 ‘Mahendragiri’: Indigenous Advanced Stealth Frigate
- 9 Trans-Neptunian Object 2002 XV93
- 10 Successful Trials of ULPGM-V3 Missile
