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The U.S. Federal Deposit Insurance Corp. has rolled out the first official rule proposal stemming from the new law governing stablecoin issuers, with its board voting Tuesday to open a 60-day public comment period on its system for handling applications from its regulated banks looking to issue stablecoins from subsidiaries. The agency — led by…
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Motilal Oswal Securities has initiated its coverage of Jio Financial Services with a buy recommendation and a target price of Rs 320. Analysts said the company is architecting India’s next-gen financial services platform, leveraging ecosystem synergies, data, distribution and discipline for scalable finance. While near-term profitability remains subdued due to the incubation phase of multiple…
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