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Sonic has introduced USSD, a network-native dollar stablecoin designed to serve as the primary liquidity layer across its ecosystem. Built using Frax infrastructure and backed by institutional-grade assets, the token…
The world tuned in this week as the Bank of Japan (BOJ) nudged its key short-term interest rate up by 25 basis points to 0.75%, a throwback level last seen…
Artemis, a blockchain analytics platform, stressed that while several issuers tried to make inroads in the non-USD stablecoin market, they have failed to dent the dollar hegemony in the asset…
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…