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Nalezeno "US dollar": 2932

Stablecoins would help US keep up with China: Former House speaker

17.6.2024
The need for the U.S to implement dollar-backed stablecoins “couldn’t be timelier” as China continues to come up with its own solutions, former House speaker Paul D. Ryan stressed

Former House Speaker Paul Ryan: Stablecoins Can Help Fight an Upcoming US Debt Crisis and China’s Growing Influence

17.6.2024
Paul Ryan, a former speaker of the House of Representatives, has assessed the possible role that stablecoins will play in fighting an upcoming U.S. debt crisis. According to Ryan, the demand derived from the increasing relevance of dollar-backed stablecoins, which use U.S. treasuries as backing...

IMF Data Shows Decline in US Dollar Dominance

16.6.2024
Recent data from the International Monetary Fund (IMF) points to an ongoing decline in the U.S. dollar’s share of allocated foreign reserves held by central banks and governments. Economists explained that reserve managers are attracted to nontraditional reserve currencies “because they...

El Salvador Views Bitcoin as a Tool to Liberate the Nation From Fiat Currencies

15.6.2024
Felix Ulloa, Vice-President of El Salvador, stated that the government has considered de-dollarizing the country and returning to its national currency, the colon. However, he said that it would be too costly. For Ulloa, bitcoin presents an opportunity to liberate the country from central banks...

Moscow Exchange Stops Trading in Dollar and Euro Due to US Sanctions

14.6.2024
On Wednesday, the Moscow Exchange (MOEX) announced new restrictions on its trading activities. The exchange revealed that, due to the enactment of U.S. sanctions against its platform, it would stop activity in all trading pairs involving the U.S. dollar and the euro. These measures came into effect...

Euro’s Reserve Currency Status Threatened as Its Share of Foreign Reserves Holdings Drops

13.6.2024
A report from the European Central Bank indicated that the euro’s share of foreign exchange reserves declined by one percentage point to 20% in 2023. According to the report, the continued diversification of global reserve portfolios into nontraditional currencies threatens to further erode...

Ghana’s Cedi Hits Record Low Against US Dollar Amid Cocoa Output Decline

12.6.2024
The Ghanaian cedi recently plunged to a record low, trading at GHS 14.9335 against the U.S. dollar, which led to its designation as the fourth-worst-performing currency globally. Additionally, a decline in cocoa production has further complicated matters for the cedi, a currency previously ranked...

Blast’s Rebasing Stablecoin USDB Now Ranks 9th Among Dollar-Pegged Crypto Tokens

12.6.2024
A new stablecoin has emerged among the top ten U.S. dollar-pegged tokens. Known as USDB, this auto-rebasing stablecoin was developed by the Blast team. Despite the stablecoin economy being underwhelming over the past 30 days, USDB has quietly secured the ninth-largest market capitalization among...

Asymmetry, Ampleforth launch afUSD to rival Ethena’s synthetic dollar

12.6.2024
Asymmetry Finance’s afUSD synthetic dollar is based on Ampleforth’s supply adjustment mechanism, which stabilizes prices through elastic supply

Putin Says US Dollar Dominance Diminishing as Use of ‘Toxic Currencies’ Declines

12.6.2024
Russian President Vladimir Putin claims U.S. economic policies are diminishing the dollar’s global dominance. “Last year the share of payments for Russian exports in the unfriendly states’ so-called toxic currencies was halved,” he revealed, labeling the U.S.’s $1 trillion...

Experts Say Dollar Dominance Debate Misses the Point, US Needs Economic Focus

12.6.2024
Two experts have explained that the global debate on the future of dollar dominance misses the point because it doesn’t focus on how the dollar’s future will evolve. They warned: “If the U.S. doesn’t keep its house in better order, dollar dominance will be the least of our worries.”...

Price analysis 6/10: SPX, DXY, BTC, ETH, BNB, SOL, XRP, TON, DOGE, ADA

10.6.2024
Bitcoin and several altcoins are likely to be influenced by the upcoming macroeconomic events this week

Stablecoin Issuers Want to Give Something Back in Multi-Trillion-Dollar Market Race

10.6.2024
Amid a new generation of yield-bearing stablecoins, PayPal is confident in its purely payments-focused PYUSD

Liberty Dollar vs. Bitcoin: Why the US Government Shut Down One but Not the Other

8.6.2024
The U.S. government successfully shut down the Liberty Dollar, a private currency created by Bernard von NotHaus, while Bitcoin, established by the mysterious Satoshi Nakamoto, continues to thrive outside governmental control. This discrepancy highlights the stark differences between...

Bitcoin whales accumulate BTC worth a billion dollar

7.6.2024
Bitcoin ($BTC) has breached the milestone of $70,000. When writing this article, it is way above $71,000, exchanging hands at $71,156.02. This reflects a growth of 0.29% in the last 24 hours and 4.72% in the last 7 days. Moreover, it is a surge of 11.97% in a single month. Many factors are painting...

Lift Dollar, a new stablecoin from Paxos International

6.6.2024
The new project exemplifies Paxos International’s dedication to supporting widespread stablecoin usage and industry expansion. The most notable advantage of the new offering is that investors will profit from the yield obtained on reserves. The new product introduction serves to solidify...

Paxos International Debuts ‘Lift Dollar’ Stablecoin With Daily Yields

6.6.2024
The blockchain and tokenization infrastructure platform Paxos has announced Paxos International has launched a new yield-bearing stablecoin called lift dollar (USDL). The stablecoin’s holders will earn overnight yield from short-term U.S. government securities and cash equivalent reserve assets...