Paxos unveils USDG stablecoin compliant to Singapore’s upcoming regulatory framework

Stablecoin issuer Paxos has announced a new token dubbed “Global Dollar” that is “substantively compliant with MAS’ upcoming stablecoin framework.” Digital assets company Paxos has launched a new stablecoin, Global Dollar (USDG), designed to meet stringent compliance standards set by…

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Mastering Dollar Volatility: Key Strategies for Traders in Asia and India from Octa Broker

The U. S. dollar’s dominance in global trade and finance is unparalleled. Around 88% of all foreign exchange transactions involve the U. S. dollar, solidifying its position as the backbone of international markets.

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Fresh from the Trading Room: Commodities comeback

The Federal Reserve's 50 bps rate cut marks the start of the rate-cutting cycle. The equity market responded positively to the larger-than-expected cut, and a weaker U. S. dollar has created favorable conditions for commodities and other global currencies.

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Ether Leads Post-Fed Crypto Market Rally as Yen Weakness Sparks Risk-On Frenzy

From the U.S. Dollar to Cat-Themed Cryptos, Global Assets Roar Back Following the FOMC’s Bold Move

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Trump Family Crypto Project Seeks To Maintain US Dollar Dominance With Stablecoins

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All Eyes on Bitcoin as US Dollar Index Hits 2024 Lows

Bitcoin breaks $61K, benefiting from a weaker US dollar and rising global liquidity. Fed minutes suggest rate cuts, bolstering BTC’s momentum. The post All Eyes on Bitcoin as US Dollar Index Hits 2024 Lows appeared first on BeInCrypto.

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US Senator Lummis unveils Bitcoin reserve legislation following Trump’s keynote

At Bitcoin 2024, Senator Cynthia Lummis proposed a more detailed plan for a strategic Bitcoin reserve to bolster the U.S. dollar and cement America’s global financial leadership. After days of anticipation, United States Senator Cynthia Lummis finally announced her proposed…

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Tether hires ex-Chainalysis economist Philip Gradwell as head of economics

Gradwell's appointment at Tether could enhance regulatory engagement and solidify USDT's role in global finance, supporting dollar hegemony. The post Tether hires ex-Chainalysis economist Philip Gradwell as head of economics appeared first on Crypto Briefing.

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Will Bitcoin Eventually Replace The US Dollar? Yes, Tech Billionaire Jack Dorsey Says

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Petrodollar deal falls apart: Will Bitcoin reap the benefits?

The U.S.-Saudi Petrodollar deal's non-extension stirs jitters in the global finance markets.  Analysts tip gold and Bitcoin as hedge tools amidst fears that the dollar might fall.  Saudi AThe post Petrodollar deal falls apart: Will Bitcoin reap the benefits? appeared first on AMBCrypto.

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Paxos Unveils Yield-Generating Stablecoin Lift Dollar

USDL is issued in the UAE and regulated by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM).

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BRICS considering a stablecoin launch for international trade settlement

BRICS member nations plan to launch a stablecoin as an alternative to the US dollar for settling cross-border transactions. BRICS pushes de-dollarization with stablecoins The bloc, which includes Brazil, Russia, China, India, South Africa, UAE, Iran, Ethiopia, and Egypt, has debated using virtual assets for global settlement for a while.

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Bitget Wallet Launches BWB Points Airdrop, Bolstering Alliance with Ethena

Bitget Wallet, a renowned Web3 wallet with global recognition in Asia, has partnered with Ethena, a synthetic dollar protocol built on Ethereum. Users who have deposited a minimum of 100 USDT in the last three months on Ethena will be eligible for a BWB points airdrop.

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South Korean won tops global crypto trading, overthrowing USD 

The South Korean won has surpassed the U.S. dollar as the leading currency for trading crypto worldwide. 

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Tether, Circle Diverge on How to Tackle Global Patchwork of Stablecoin Rules

The two largest digital dollar providers have chosen different paths in dealing with a perceived lack of global clarity on stablecoin rules: Circle is looking to U.S. lawmakers to provide guidance, while Tether is taking a hands-on approach to tackling fraud and money laundering.

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BRICS Nations Challenge US Dollar Dominance: Blockchain Payment System In The Works

The winds of change are whistling through the global financial system. The BRICS alliance, a formidable economic force comprising Brazil, Russia, India, China, South Africa, and newly added members, is revving up its engine for a revolutionary new payment system.

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BRICs Lays Groundwork for Blockchain Payments to Challenge US Dollar Hegemony

BRICS is setting the stage for a financial revolution by developing a blockchain-based payment system, signaling a bold move away from the US dollar. This initiative, highlighted by Kremlin aide Yury Ushakov, aims to create a more inclusive, efficient, and politically neutral global financial infrastructure.

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U.S. Federal Reserve Gov. Waller Says DeFi Could Boost Dollar's Global Strength

Crypto critics often warn of digital currencies' potential to destabilize the U. S. dollar, but Federal Reserve Gov. Christopher Waller argued that stablecoins' dependence on the dollar could actually strengthen the U.

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Harvest Global Investments pioneers tokenized bond fund in Asia

Harvest Global Investments partners with Meta Lab HK to launch a tokenized U.S. dollar bond fund on Nov. 23. According to a Nov. 22 post on X, Harvest Global Investments (HGI), an investment firm under Harvest Fund Management, collaborated with…

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Imminent Bittrex Global closure triggers $10k Bitcoin premium on platform

Bittrex Global’s imminent closure has led to Bitcoin (BTC) trading at a substantial premium exceeding $10,000, data from its website shows. The exchange’s BTC/US Dollar pair surged to $46,300 before retracing to $44,613 as of press time, significantly surpassing the current average price of $36,450 on major platforms like Binance and Coinbase.

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China’s Digital Yuan Challenges Dollar Hegemony with First Global Oil Trade

China's first international digital yuan oil transaction by PetroChina poses a major threat to US dollar dominance in the global oil trade.

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Dollar ascends to year high with crypto value test just around the corner

Quick Take The DXY Index, a measure of the value of the U.S. dollar relative to a basket of foreign currencies, has surged to an apex of 104.6, its loftiest level since March. This ascendancy exerts significant pressure on global currencies such as the Chinese Yuan (CNY), Japanese Yen (JPY), Euro (EUR), and British Pound […] The post Dollar ascends to year high with crypto value test just around the corner appeared first on CryptoSlate.

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BTCUSD consolidates amid ‘higher for longer’ outlook after Powell’s speech

Jerome Powell’s speech at the Jackson Hole conference is expected to maintain a positive stance on US interest rates and bond yields, favouring the dollar’s strength. This sentiment is especially significant when contrasted with global economic conditions.

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US Money Supply Surged 375% in 3 Years But Dollar Still King For Global Transactions 

The US money supply surged 375% in three years due to pandemic-induced stimulus measures, causing inflation and economic damage. However, the dollar remains dominant in global transactions. The post US Money Supply Surged 375% in 3 Years But Dollar Still King For Global Transactions appeared first on BeInCrypto.

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Surging US dollar index puts global currencies under pressure ahead of anticipated Powell address

Quick Take The U. S. Dollar Index (DXY) has surged to break past the 104 mark, a level not witnessed in the last eleven weeks, according to Trading Economics, painting a picture of sustained strength in the U.

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Dollar surge rings global currency crisis alarm as BTC holds strong

Quick Take A potential global currency crisis is materializing, characterized by escalating FX movements. The DXY index, a measure of the U. S. dollar’s value relative to a basket of foreign currencies, has exceeded 103 – a peak unseen since July’s dip below 99.

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How Global Stablecoin Use Supports Dollar’s Supremacy

Demand from non-US markets is driving stablecoin adoption and could help secure dollar supremacy. The post How Global Stablecoin Use Supports Dollar’s Supremacy appeared first on BeInCrypto.

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Stablecoins could be key to upholding US dollar’s global reserve status: WSJ op-ed

In an opinion piece in The Wall Street Journal, Brian Brooks and Charles Calomiris claim that U.S. stablecoin legislation is crucial to redollarizing the world.

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Weakening dollar spells good news for dollar, including Bitcoin

Ever since its status as the global reserve currency was cemented at the Bretton-Woods conference in the latter stages of World War II, the US dollar has ruled all before it. Last year, as economies around the globe reeled from an inflation crisis not felt since the 1970s, the greenback hit a 20-year high.

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Stablecoins: A Potential Counter to De-Dollarization

Demand for greenbacks in the global economy is increasingly flowing into permissionless stablecoins, even as domestic policies and foreign efforts like a BRICS-issued currency could erode the U.S. dollar's overall dominance.

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Bitcoin inverse relationship with dollar weakening

The US dollar is the global reserve currency, meaning it is a key influence on all risk assets Bitcoin has seen its negative correlation with the dollar pick up since the transition to a tight monetary regime, meaning it tends to strengthen when the dollar falls This inverse relationship has softened in recent weeks, as […] The post Bitcoin inverse relationship with dollar weakening appeared first on CoinJournal.

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BRICS and Bitcoin: Reshaping The Global Financial Landscape

The growing interest of several nations to join the BRICS alliance indicates a potential shift in the global financial landscape, posing a significant challenge to the dominance of the U. S. dollar.

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Bitcoin Cannot Remain Indifferent to Dollar Index for Long: Analyst

U.S dollar index's fate impacts global liquidity conditions, which, in turn, influences risk assets, including cryptocurrencies.

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Stablecoin Issuer CEO Sounds The Alarm: US Dollar Faces Looming Threat

The CEO of stablecoin issuer Circle, Jeremy Allaire, issued a stern warning, emphasizing the urgent need for Congress to regulate stablecoins in order to safeguard the US dollar’s status as a global reserve currency.

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India negotiates cross-border CBDC payments with global central banks

The CBDC should enhance the country's potential for foreign trade with nations that lack U.S. dollar reserves.

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TrueUSD’s value dips against tether on Binance.US

TrueUSD (TUSD), a stablecoin pegged to the US dollar, has seen a significant drop in its value compared to tether (USDT) on Binance. US, the American branch of the global cryptocurrency exchange, Binance.

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Japan’s Largest Bank MUFG To Introduce Stablecoins Anchored To Global Currencies

One of Japan’s most prominent banks, Mitsubishi UFJ Financial Group (MUFG), has announced its intention to issue global stablecoins linked to various foreign currencies, notably the United States dollar.

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Japan’s largest bank MUFG to issue stablecoins tied to foreign currencies

Japan’s leading bank Mitsubishi UFJ Financial Group (MUFG), plans to issue global stablecoins tied to foreign currencies (including the United States dollar). The financial giant will mint the coins through its Progmat platform.

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Here’s How The Performance Of The US Dollar Could Affect The NFT Market

The US Dollar has long been a dominant currency in the global market, with its value having a significant impact on various market sectors. The post Here’s How The Performance Of The US Dollar Could Affect The NFT Market appeared first on NFT News Today.

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JPMorgan partners with Indian banks to enable dollar trading via blockchain

Global financial giant JPMorgan has announced a strategic partnership with six major Indian banks to launch a blockchain-based platform to settle interbank dollar transactions.

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Stablecoin survival: Navigating the future amid global de-dollarization

The stablecoins with the largest market cap are pegged to the U.S. dollar, so what risk does de-dollarization pose to stablecoin users?

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Interview: Why are USD stablecoins so dominant? Are there any GBP equivalents?

The dollar is the global reserve currency, and has been ever since the Bretton-Woods conference in 1944.   Oil, gold and other commodities are commonly priced in dollars. Central banks hold dollars.

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Winner Takes All: Bitcoin And DXY Compete For Global Financial Dominance

Bitcoin (BTC) and the U. S. Dollar Index (DXY) have been battling for supremacy in the financial world, with both assets vying for dominance in a zero-sum game. The recent volatility seen in the markets is a testament to the intensity of this battle.

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Bitcoin Is Winning in the “Revolt” Against the US Dollar

Bitcoin's rising prominence in the global financial landscape signals a potential shift in the balance of power, as the US dollar faces increasing challenges from rival currencies and digital assets.

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Can Bitcoin moon to $1,300,000 on 'global reserve' possibility

Recently, China and Brazil struck a deal to abandon the U.S. dollar and trade in their own currencies. In fact, China already has similar currency deals with Russia, Pakistan, and several other countrThe post Can Bitcoin moon to $1,300,000 on 'global reserve' possibility appeared first on AMBCrypto.

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Global shift away from the US dollar prompts offloading of US treasuries

As the world faces increasing economic instability, major nations like China and Japan are offloading US Treasuries and turning to gold. Is this a sign of the US dollar's weakening position as the world's reserve currency? In this exclusive Alpha article, we analyze these critical moves and their potential impact on the global economy.

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Former Coinbase CTO predicts this about the future of BTC but here's the hitch

Former Coinbase CTO Balaji Srinivasan has reiterated his confidence in his famous million dollar projection for Bitcoin. Balaji believes that if USD loses its status as the global reserve curreThe post Former Coinbase CTO predicts this about the future of BTC but here's the hitch appeared first on AMBCrypto.

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Breaking Dollar Hegemony, BRICS Nations Are Leading The World To Hyperbitcoinization

How the emergence of BRICS as an alternative to the U.S. dollar’s global dominance will usher in worldwide bitcoin adoption.

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Ex-Coinbase CTO Claims US Dollar is No Longer Too Big to Fail, Touts Bitcoin

Coinbase former CTO Balaji Srinivasan said the USD is not too big to fail and expects Bitcoin (BTC) to replace it as the global reserve currency. The post Ex-Coinbase CTO Claims US Dollar is No Longer Too Big to Fail, Touts Bitcoin appeared first on BeInCrypto.

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