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The Argentine peso stumbled after President Javier Milei suffered an electoral defeat in Buenos Aires, where his Libertarian Party failed to secure a majority against its rivals. The outcome has…
Otavio Costa, an economic strategist, recently highlighted that the U.S. treasuries had been displaced by gold to become the main reserve asset held by central banks around the world. Costa…
Fernando Haddad, Brazil’s finance minister, recently criticized the so‑called “weaponization” of the U.S. dollar, warning of its pernicious effects on the currency’s reserve status. Haddad also said Brazil would challenge…
Wisdomtree has officially launched its own stablecoin, USDW, as part of a broader strategy to establish a full-stack stablecoin business catering to both retail and institutional users. USDW, a U.S.…
The Israeli new shekel has reached its strongest level against the US dollar in over 30 months, specifically since January 2023, with the current exchange rate at approximately 3.327 ILS…
The dollar index is experiencing one of its worst performances since the Reagan administration, with the greenback plummeting against other fiat currencies. Analysts suggest that the inconsistent policies of the…
Chinese authorities are ramping up efforts to enhance the international status of the yuan and reduce reliance on the U.S. dollar, particularly as confidence in the dollar wanes. Dollar Decline…
According to analysts, one alternative for China to combat the impending stablecoin-based dollarization and its unintended consequences is the issuance of a yuan stablecoin. This token could originate in Hong…
China’s central bank governor, Pan Gongsheng, has indicated that a new global currency order may emerge, challenging the long-standing dominance of the U.S. dollar. Speaking at a financial forum in…
A recent report by the ECB confirms that gold, following a significant rally in 2024, has become the second-largest asset held by central banks as a reserve. However, the U.S.…