China is evaluating yuan-backed stablecoins for the first time, with the State Council set to review a roadmap on currency internationalization and …
Dollars
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Finance
Major Investment Firm Announces It Has Raised Millions of Dollars in Investments Completely Made Up of XRP
by shayaanby shayaanDigital asset investment management firm Digital Wealth Partners Management (DWP Management) has raised approximately $200 million in capital across its fund strategies …
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According to Cointelegraph, Ethena’s synthetic dollar, USDe, has reached an impressive $5.7 billion in total cross-chain volume. Even more importantly, USDe now …
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Finance
JD.com and Ant Group push for yuan-pegged stablecoins to challenge dollar’s digital dominance
by shayaanby shayaanChina’s leading tech giants JD.com and Ant Group are actively lobbying Chinese regulators as part of a push to counter the U.S. …
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Regulation
White House Crypto Czar David Sacks Says One Catalyst Could Create Trillions of Dollars of New Demand for US Treasuries
by shayaanby shayaanPresident Donald Trump’s advisor on crypto and artificial intelligence (AI), David Sacks, is highlighting a catalyst that could dramatically increase demand for …
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Finance
Deutsche Bank Says the GENIUS Act May Bolster the Dollar’s Global Dominance
by shayaanby shayaanDeutsche Bank believes that the Genius stablecoin Act could give the dollar a major edge in the global digital economy. In comments …
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Regulation
DOJ Charges Six Individuals for Allegedly Stealing ‘Millions of Dollars’ Worth of Checks From the Mail
by shayaanby shayaanThe U.S. Department of Justice (DOJ) is charging a group of individuals who allegedly stole millions of dollars worth of checks from …
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Analysis
Citigroup Braces for Loan Losses, Sets Aside Hundreds of Millions of Dollars for Potential Downturn Amid Tough Macro Environment: Report
by shayaanby shayaanThe financial giant Citigroup Inc. is reportedly bracing for loan losses amid macroeconomic uncertainty. To deal with the potential losses, the investment …
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Finance
Former IMF chief economist believes crypto is a rising threat to the U.S. Dollar’s dominance
by shayaanby shayaanAmerican economist Kenneth Rogoff believes that the rise of crypto poses a threat to the hegemony of the U.S. dollar. Rogoff previously …
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Finance
Elon Musk gets exposed for using DOGE to cheat his way into billions of dollars
by shayaanby shayaanElon Musk could dodge over $2 billion in financial penalties by pulling federal government strings using DOGE, according to a Monday report …