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Nalezeno "stablecoin": 10278

Stablecoin Plunges 98% in 24 Hours, Sparks Rug Pull Allegations


Early on Oct. 26, the U.S. dollar value of Essence Finance’s decentralized stablecoin, CHI, plunged by more than 90% after rumors emerged that more than $20 million of collateral had been removed. According to Geckoterminal data, the value of the stablecoin, which normally trades at par with...

Senator Claims BRICS Push to Ditch US Dollar Could Boost USD Global Dominance


U.S. Senator Bill Hagerty has warned of growing efforts by BRICS nations to bypass the U.S. dollar’s dominance but argued this could ultimately strengthen the status of the dollar as the world’s reserve currency. He emphasized the need for a regulatory framework to boost demand for U.S. treasuries...

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