In brief
Treasury Secretary Scott Bessent said stablecoins could strengthen dollar dominance and urged swift passage of federal crypto legislation.
His comments came as Trump pushed Congress to fast-track the GENIUS Act…
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De-dollarization has become necessary as strong dollar risks create mounting pressure across global markets. The US dollar recently hit a three-year low, and it’s dropped more than 9% since January…
The Guiding and Establishing National Innovation for US Stablecoins Act, known as the GENIUS Act, now faces a key vote in the United States Congress, and the stakes for the…
US dollar rejected by exporters has catalyzed a critical concern across various major American business sectors, as Paula Comings from US Bancorp spearheaded reporting on foreign suppliers who increasingly refuse…
Retail
forex deposits across major US brokers fell 7% in April compared to March, with
total numbers dropping to $495.5 million from $530.1 million the previous
month, as massive capital outflows and record…
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The latest data from the forex market indicates that bulls are massively buying up on Asian currencies in 2025. There are long bets on Taiwan’s dollar which is the highest…
We are closer than ever to cementing America’s global leadership in digital asset innovation. Next week, the Senate will hold its final vote on the Guiding and Establishing National Innovation…
BRICS de-dollarization efforts have catalyzed various major transformations right now as member nations and not only implement strategic measures to reduce dollar dependency in international trade. Through several key approaches,…