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Bitcoin Soars as USD Continues to Plummet
21.4.2025
The cryptocurrency’s price saw a steady appreciation throughout the Easter weekend, topping $88K on Monday, while the dollar fell to a three-year low. BTC Is Soaring While the Dollar’s Freefall Continues President Donald Trump’s aggressive tariffs and his threats to fire Federal Reserve Chairman...
Gold-backed vs USD-backed stablecoins: Key differences
21.4.2025
What are gold-backed stablecoins, and how do they work? Gold-backed stablecoins are digital currencies pegged to physical gold reserves and designed to maintain a stable value. The concept of gold-backed digital currencies dates back to the early days...
Gold-backed vs USD-backed stablecoins: Key differences
21.4.2025
What are gold-backed stablecoins, and how do they work? Gold-backed stablecoins are digital currencies pegged to physical gold reserves and designed to maintain a stable value. The concept of gold-backed digital currencies dates back to the early days...
Circle, BitGo about to apply for bank charters, others may follow: WSJ
21.4.2025
Major cryptocurrency firms, including stablecoin issuer Circle and crypto custodian BitGo, are reportedly considering applying for bank charters or licenses.According to an April 21 Wall Street Journal report citing people familiar with the matter, Circle, BitGo and others are considering applying...
Michael Saylor’s Strategy bagged 6,556 Bitcoin for $555.8M last week
21.4.2025
Michael Saylor’s Strategy, one of the world’s largest publicly listed corporate Bitcoin holders, added another major purchase to its growing portfolio as the cryptocurrency trades near $85,000.Strategy acquired 6,556 Bitcoin for $555.8 million from April 14–20, at an average price...
Crypto Exchange Kraken Launches FX Perpetual Futures, Offers 24/7 Trading in Forex Majors
18.4.2025
The first contracts, EUR/USD and GBP/USD, are now live on Kraken Pro
Synthetix’s sUSD stablecoin continues fall after depeg, tapping $0.68
18.4.2025
The Synthetix protocol’s native stablecoin, Synthetix USD (SUSD), has slipped further away from its US dollar peg, reaching new all-time lows under $0.70. However, the firm reiterates that this isn’t the first time the asset has been under significant stress, and several risk...
Dollar Reined in After First Currency Control Free Week in Argentina
17.4.2025
The price of the U.S. dollar weakened during the first week after lifting the currency controls in Argentina, with the peso gaining ground and stabilizing at an exchange rate of 1,160 pesos per dollar. The rate, which is closer to the stronger side of the established fluctuation band, has spurred...
Trump’s Tariff Policy Threatens Dollar’s Safe Haven Status and Global Currency Dominance, Warns FX Strategist Wizman
17.4.2025
Recent data indicates a breakdown in the dollar’s traditional correlation with other markets, as investors seek refuge in currencies like the Swiss franc and Japanese yen, which have recently strengthened. Thierry Wizman, global FX and rates strategist at Macquarie Group, stated that...
Ratings Agency Issues US Downgrade Warning as Trade War Could Boost Alternatives to the Dollar
16.4.2025
European rating agency Scope has issued a warning regarding a potential downgrade of the US sovereign credit rating due to uncertainty surrounding US trade policy. The agency outlines three possible scenarios for the credit outlook: a “tariff-light” approach, a full-scale trade war,...
Northern Marianas vetoes bill for Tinian to launch its own USD stablecoin
15.4.2025
The governor of the Northern Mariana Islands, a small Pacific US territory just north of Guam, has killed the legislation that would have allowed one of the territory’s local governments to launch a fully backed US dollar-pegged stablecoin.In an April 11 letter seen by Cointelegraph, Northern...
Northern Marianas vetoes bill for Tinian to launch its own USD stablecoin
15.4.2025
The governor of the Northern Mariana Islands, a small Pacific US territory just north of Guam, has killed the legislation that would have allowed one of the territory’s local governments to launch a fully backed US dollar-pegged stablecoin.In an April 11 letter seen by Cointelegraph, Northern...
Northern Marianas vetoes bill for Tinian to launch its own USD stablecoin
15.4.2025
Update (April 15, 10:47 am UTC): This article has been updated with comments from Marianas Rai Corp. co-founder Vin Armani.The governor of the Northern Mariana Islands, a small Pacific US territory just north of Guam, has killed the legislation that would have allowed one of the territory’s...
Checkmate: How Adopting a BRICS Payment System Might Erode the Dollar’s Dominance in Trade Markets
14.4.2025
Several international analysts examined how the introduction of a BRICS international payment system might affect the current use of the U.S. dollar in trade. Experts cited sanctions evasion, cost reduction, and transaction confidentiality as the main advantages of this system compared...
Argentine Stablecoin Markets Soar After Announcement Ending Currency Controls
13.4.2025
Stablecoin trading volumes skyrocketed following the confirmation of the end of currency control measures in Argentine markets. Local exchanges reported a 100% increase in trading volumes, initially driven by selling trends. However, by Saturday, buyers had taken control, leading to rising exchange...
Synthetix USD stablecoin loses dollar peg, drops to 5-year low of $0.83
10.4.2025
The Synthetix protocol’s native stablecoin, Synthetix USD (sUSD), fell to its lowest value in five years, extending a months-long struggle to maintain its $1 peg.The asset has faced persistent instability since the start of 2025. On Jan. 1, sUSD dropped to $0.96 and only rebounded to $0.99...
China Asks Banks to Curb Dollar Purchases as Yuan Hits Multi-Year Low
10.4.2025
China seeks to maintain the stability of the yuan in the face of the current tariff war, informally asking state banks to stop their dollar purchases. According to Reuters, these institutions would also ramp up controls on customers’ dollar purchases to stop speculation. China Reportedly...
Can Non-USD Stablecoins Compete?
7.4.2025
Most stablecoins, including the two clear market leaders, are dollar-based. Michael Egorov, founder of decentralized exchange Curve Finance, asks if stablecoins based in other currencies can gain traction
SEC paints 'a distorted picture' of USD-stablecoin market — Crenshaw
5.4.2025
US Securities and Exchange Commission (SEC) Commissioner and vocal crypto critic Caroline Crenshaw has accused the US regulator of downplaying risks and misrepresenting the US stablecoin market in its newly published guidelines.However, many in the crypto industry see the SEC’s decision as...
SEC paints ‘a distorted picture’ of USD stablecoin market — Crenshaw
5.4.2025
US Securities and Exchange Commission (SEC) Commissioner and vocal crypto critic Caroline Crenshaw has accused the US regulator of downplaying risks ‘and misrepresenting the US stablecoin market in its newly published guidelines.However, many in the crypto industry see the new SEC guidelines...