Global Dollar Network has been unveiled by leading crypto and fintech companies to redefine cross-border payments through innovative stablecoin adoption. Major industry players, including Anchorage Digital, Bullish, Galaxy Digital, Kraken, Nuvei, Paxos, and Robinhood, have joined forces to launch this initiative. The network aims to act as an open platform that encourages participation from banks, […]
Crude oil prices dropped by 2.5% this week, driven by softening demand projections, a strengthening U.S. dollar, and rising supply expectations. Amid ongoing global economic uncertainty, reports from key energy organizations such as the U.S. Energy Information Administration (EIA), the International Energy Agency (IEA), and OPEC have painted a bearish outlook. These reports highlight the […]
US Dollar momentum turned softer in Wednesday’s European session following a notable drop in the JOLTS Job Openings report, which signaled the weakest labor demand in over three years. This data release lowered US Treasury yields, intensifying negative pressure on the US Dollar. The Federal Reserve’s (Fed) upcoming policy decision looms, with Friday’s Nonfarm Payrolls […]
Dollar in the U.S. remained stable on Tuesday as investors looked ahead to crucial economic data, including Friday’s U.S. payrolls report, which could confirm an interest rate cut by the Federal Reserve later this month. As of 04:05 ET (09:05 GMT), the Dollar Index, which tracks the dollar against a basket of six major currencies, […]
Forex markets remained relatively subdued on Tuesday, as major currency pairs showed limited movement within tight ranges. The day saw the US Dollar experiencing a modest uptick, against a backdrop of cautious sentiment prevailing in both Asian and European markets. Despite this, Wall Street managed to eke out modest gains ahead of the anticipated release […]
Stablecoins like USDT were introduced to address the inherent volatility of cryptocurrencies like Bitcoin and Ether, making them more suitable for various use cases: For Stable Transactions USDT provides a stable value pegged to the US Dollar, making it ideal for everyday transactions, remittances, and payments that require low volatility. USDT is perfect for transactions […]
The US dollar closed the week with a modest bearish tone, driven by ongoing investor anticipation of a possible interest rate reduction by the Fed in June. Additionally, unexpected weaknesses in essential economic indicators added pressure on the currency, providing a bit of relief in the riskier markets. Propelled by data-induced selling pressure, the USD […]
Introduction In 2018, Circle launched USDC, a stablecoin, to tap into the transformative potential of open blockchain networks. USDC, pegged to the US dollar, fuses the stability and trust of traditional currency with the agility and innovation of the internet. This report delves into the macro perspective of the USDC economy, highlighting its global reach, […]
After only one quarter into fiscal 2024, the federal government has accumulated a budget deficit exceeding half a trillion dollars. In December, the budget shortfall reached $129.37 billion, as reported by the latest Monthly Treasury Statement, pushing the 2024 deficit to $509.94 billion—an increase of 21 percent compared to the first quarter deficit in fiscal […]
