🇮🇳 Happening now: The Parliamentary Standing Committee on Finance has begun its meeting with RBI officials in New Delhi to discuss the regulation and future of Virtual Digital Assets (VDAs).
The session will run from 11:00 AM to 12:30 PM (IST).
A key discussion that could shape India's crypto policy going forward.
All eyes on New Delhi. 👀
Crypto linked to fraud can now be seized, valued and sold to compensate victims , just like any other asset.
When someone is cheated in a financial scam, the law already lets authorities seize the fraudster’s house, car or bank balance and return the money to victims.
From 1 July 2026, Maharashtra has extended the same principle to cryptocurrency under the MPID Act. 🇮🇳
It’s the first Indian state to make this explicit. A practical update as more people encounter digital money in daily life.
The stablecoin race just entered a new phase.
Yesterday, @openstandard announced Open USD (OUSD) , a dollar-backed stablecoin backed by a consortium of 140+ global companies spanning payments, banking, fintech, crypto, and enterprise technology.
The founding members include Visa, Mastercard, American Express, Stripe, Coinbase, BlackRock, Google, Shopify, BNY Mellon, DBS, Standard Chartered, BBVA, Fireblocks, and many more.
But the announcement isn't significant because it's "another stablecoin."
It's significant because it challenges the business model behind today's largest stablecoins.
Instead of concentrating reserve income with a single issuer, Open USD proposes a different approach:
✅ Zero mint and redeem fees
✅ No artificial volume limits
✅ Reserve yield shared with ecosystem partners (after a management fee)
✅ Independent consortium governance instead of a single controlling issuer
The goal is simple: align incentives across the entire ecosystem so businesses have a reason to build, integrate, and distribute the stablecoin, not just use it.
Even before launch, Stripe has announced plans to make OUSD its default stablecoin for businesses, while Coinbase confirmed support across Base and other chains. The initial rollout is expected later this year, including Solana.
The market reacted immediately. Shares of Circle (USDC issuer) fell sharply as investors weighed how a consortium-led model could reshape stablecoin economics.
Why this matters?
Stablecoins are increasingly becoming payments infrastructure, not just trading assets.
For businesses moving money globally, the questions are evolving from:
Which stablecoin has the largest market cap?
to:
Which ecosystem offers the strongest distribution?
Which network provides the best economics for partners?
Which infrastructure scales seamlessly across payments, remittances, commerce, and settlements?
At Onramp Money, we see this as another signal that the industry is moving toward more interoperable, incentive-aligned financial infrastructure. As adoption grows, what will matter most isn't just the stablecoin itself, but how easily businesses and users can move between fiat and digital assets across markets.
The next chapter of stablecoin adoption won't be won by technology alone.
It will be won by distribution, accessibility, and seamless on/off-ramp experiences.
What do you think—does a consortium-led model have what it takes to accelerate global stablecoin adoption?
It's Monday.
Bitcoin's hovering around $60K. Markets will do what markets do.
Meanwhile, QRIS is cooking . 13.7B transactions in 2025, with a 17B target for 2026.🇮🇩
The future isn't crypto or local payment rails. It's connecting both. 🌏
crypto founder starter pack 2026:
→ timezone: "all of them"
→ sleep schedule: "what's that"
→ calendar: 3 timezones, 0 clarity
→ compliance: "which country now"
→ team standup: one person is always in a different continent
infrastructure: handled by @onrampmoney 🫶
fun fact nobody asked for:
Indonesia has 288 million people.
most of them have never owned a credit card.
tens of millions use QRIS.
your Web3 product that "only supports cards"
just said no to the vast majority of Indonesia.
just saying.
a founder DM'd us asking if we support PIX + SEPA in the same API call.
yes. also UPI, QRIS, VietQR, and 60+ other local rails.
we don't make you pick one market. we give you all of them.🌍
Parliament moves on crypto.
Standing Committee on Finance has summoned RBI & ICAI on 2 July to discuss Virtual Digital Assets and the way forward.
If you track India’s crypto space, next Thursday is one to watch.
@IzunduEmea97005@AurellixFinance Thanks for the suggestion 🙌
We’ll reach out to the @OPay_NG team and explore the possibility of adding it as a payment method. If you know someone from their team, feel free to connect us
Real-world assets are moving on-chain.
With Onramp Money integrated into the @AurellixFinance Smart Wallet, users can buy BTC, ETH, BNB, SOL, USDT & USDC using local currencies and payment methods like UPI, Pix, VietQR, MoMo, QRIS, FAST, ShopeePay, and more.
Your local currency → Crypto → #RWA opportunities.
🌍 Global access, simplified.
@Tatha19821@AurellixFinance Just like Vietnam🇻🇳 uses VietQR for instant payments, Brazil uses Pix.🇧🇷
Giống như Việt Nam🇻🇳 có VietQR cho thanh toán tức thì, Brazil có Pix. 🇧🇷