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Former U.S. President Donald Trump’s economic advisers are reportedly devising strategies to deter nations from reducing their reliance on the U.S. dollar. Proposed deterrents include export controls, currency manipulation charges,…
The Central Bank of Nigeria has barred the use of foreign exchange as collateral for local currency loans. In its April 8 letter addressed to banks, the CBN warned of…
The crypto industry has responded to criticism from Hillary Clinton, who said that cryptocurrency can undermine the role of the U.S. dollar as the world’s reserve currency. Galaxy Digital CEO…
The USD-backed token will comply with Singapore’s upcoming stablecoin laws and be issued through a new local Paxos entity that’s received initial approval.
Circle initially agreed to go public as part of a $4.5 billion merger in July 2021 but that deal fizzled out.
The stock market declined on Oct. 12 as the US BLS released new data showing prices rose faster than expected.
All US stock indices rose on October 11, as traders awaited consumer price index data to be released on the 12th.
Treasury yields declined, giving stock market bulls new momentum.
The Dow and S&P 500 fell early in the day, but rebounded to end the day positive.
Paxos has earlier said it will halt support of Binance's stablecoin by February 2024, now the exchange has said it will also stop support by that time.