In brief The Trump administration is reportedly weighing joint ventures with private firms to push dollar-pegged stablecoins into foreign markets, Bloomberg reported …
Dominance
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Markets
Trump administration weighs a global stablecoin plan to cement dollar's dominance
by shayaanby shayaanWashington is a mulling plan to actively promote USD-backed stablecoins worldwide in a bid to cement the greenback’s global reserve status. www.coindesk.com
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Finance
Treasury Secretary Scott Bessent champions dollar dominance across global markets and stablecoins
by shayaanby shayaanTreasury Secretary Scott Bessent leant on stablecoin adoption and dollar-denominated trade metrics to defend the strength of the U.S. economy, seeking to …
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Tether Gold deposits into decentralized finance (DeFi) have surpassed $100 million, reaching a notable $102.9 million across ten venues. This surge is …
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A new report from the Federal Reserve Bank of Kansas City argues that dollar-pegged stablecoins are more likely to strengthen the U.S. …
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AMRO Economists Argue American AI Dominance Might Cement Stablecoin Popularity Two economists from the ASEAN+3 Macroeconomic Research Office (AMRO) suggest that the …
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Scams
Standard Chartered Reaffirms $40K Ethereum Price Target Due to DeFi Dominance
by shayaanby shayaanIn brief Standard Chartered highlighted a stark disparity between Ethereum’s current price and its growing network activity. Despite Ethereum underperforming compared to …
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Markets
XRP Whale Dominance Returns To Binance While Coinbase Data Tells A Different Story
by shayaanby shayaanXRP is struggling below $1.40 as selling pressure keeps the price pinned in a range that has frustrated bulls for weeks without …
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Finance
Pan-European stablecoin effort expands to 37 lenders in push back against U.S. dollar dominance
by shayaanby shayaanQivalis, a group of European banks building a regulated euro stablecoin, said Wednesday that 25 more lenders joined the initiative, more than …
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Finance
Dominance of Tether and Circle is a net bad for stablecoins, says Bridge executive
by shayaanby shayaanMiami Beach — The stablecoin universe, dominated by Tether and Circle, hampers competition that could lead to better product-market fit for some …