1 / 5 Relevant items tagged with #USD
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Venezuelan Bolivar Plunges After Secondary Crude Tariff Regime Announcement
[Mar 28 5:30 PM] The Venezuelan bolivar accelerated its loss against the U.S. dollar as the government faced dollar shortages amid an economic trade war. The Trump administration’s secondary trade tariff regime on Venezuelan crude is starving the country of…
Balaji Srinivasan: Dollar Inflation Is Global Taxation
[Mar 26 8:30 PM] In a recent social media post, former Coinbase CTO Balaji Srinivasan argued that U.S. dollar inflation acts as a form of global taxation, highlighting the disparity in financial impacts between Americans and the global population. He noted that if…
Max Keiser: BRICS Will Leverage Gold Stablecoin to Counter Dollar Hegemony
[Mar 24 10:45 PM] Max Keiser stated that BRICS, driven by China, Russia, and India, will push the adoption of a gold-backed stablecoin to fight a hegemonic U.S. dollar stablecoin. The former will have the advantage of being inflation-resistant, he assessed. Max…
Peter Schiff Warns of ‘Parasitic Relationship’ Threatening Dollar Value and Painful Economic Transition
Trump’s Policies Threaten US Dollar Dominance, Warns Economics Professor
[Mar 23 4:50 PM] In a recent essay for the Financial Times that is heating up discussions in economic circles, Berkeley professor and author of Exorbitant Privilege: The Rise and Fall of the Dollar, Barry Eichengreen argues that President Donald Trump’s…
Stablecoins, Not Bitcoin, Extend US Dollar Hegemony, Chinese Economist Warns
[Mar 23 3:30 AM] A Chinese economist, Zhang Ming, argues that U.S. dollar-pegged stablecoins, not Bitcoin or Ethereum, are strengthening the U.S. dollar’s global dominance. Dollar-Pegged Stablecoins Bolstering Dollar’s Global Role According to Zhang Ming, deputy…
Digital Dollar Project Remarks Modernization Is Necessary to Preserve Dollar’s Status
[Mar 21 10:30 PM] The Digital Dollar Project, which focuses on investigation leading to the future-proofing of the dollar, states that while the U.S. currency is still peerless, it is moving on the wheels of technology quickly approaching obsolescence. Digital…
Tanzanian Shilling’s 8.9% YTD Drop Earns It World’s Worst-Performing Currency Status
Dune Study Shows Stablecoin Supply Grew 63% in 2024, Reaching $225 Billion
[Mar 19 8:40 PM] The stablecoin market has seen explosive growth in 2024, with total supply reaching $214 billion and transfer volume hitting $35 trillion, according to a new report by Dune Analytics and Artemis Terminal. Stablecoins in DeFi: $35 Trillion in…
To Sell or Not to Sell: Redditors Debate Bitcoin’s Million-Dollar Moment
[Mar 16 9:30 PM] A Reddit thread exploring whether bitcoin holders would sell at $1 million reveals a divided yet pragmatic community weighing financial goals, inflation risks, and long-term faith in the leading cryptocurrency. Bitcoin Holders Split on $1M Exit…
De-Dollarization Push: African Payment Provider Tests Platform to Facilitate Local Currency Trade
[Mar 14 5:30 AM] An African payment infrastructure provider is piloting the Africa Currency Marketplace, which seeks to enable countries to settle trades with local currencies. PAPSS Fees to Be Market-Driven The Pan-African Payment and Settlement System (PAPSS), a…
‘Dollar Smile’ Theory Suggests Weaker Dollar Ahead, According to Stephen Jen
Binance US Resumes USD Deposits and Withdrawals Following Regulatory Halt
[Feb 19 6:10 PM] Binance US has restored U.S. dollar deposit and withdrawal services for eligible customers as of Feb. 19, 2025, nearly two years after suspending the feature amid regulatory scrutiny of its parent company. Binance US Reinstates USD Services The…
Trump's Bitcoin policies depend on US economic standing — Ki Young Ju
[Dec 28, 2024 7:31 PM] Although the US dollar has lost over 90% of its value since 1913, it continues to dominate all other fiat currencies as a store of value.
Ripple USD stablecoin set for trading debut tomorrow
[Dec 16, 2024 4:00 PM] Ripple’s RLUSD stablecoin is set for its trading debut on Dec. 17 on platforms including Uphold, MoonPay, Archax and CoinMENA, the company said.
Brazil proposes to ban stablecoin withdrawals to self-custodial wallets
[Dec 2, 2024 12:46 PM] Brazil, the second-largest market for stablecoin transactions, may ban stablecoin withdrawals to self-custodial wallets like MetaMask.
Phantom Money: Counterfeit Dollar Bills Haunt Istanbul Bazaar
[Nov 29, 2024 3:30 AM] Fears of counterfeit $50 and $100 bills have disrupted foreign-exchange trade at Istanbul’s Grand Bazaar, with some bureaus halting the purchase of these bills due to issues with identifying fake notes. There are conflicting views on the extent of…
Ruble Plunges to New 2024 Low After US Imposes Sanctions Targeting Russian Banks
[Nov 28, 2024 8:20 PM] The Russian ruble weakened after the U.S. imposed new sanctions on Russian banks. Europe Reduces Reliance on Russian Gas The Russian ruble fell to its lowest level since March 2022 after the U.S. imposed sanctions on 50 Russian banks, further…
Zimbabwe Plans to ‘Float’ Rapidly Depreciating Gold-Backed Currency
[Nov 11, 2024 10:07 PM] Zimbabwe has said it plans to let its rapidly depreciating gold-backed currency, Zig, float freely on the foreign exchange market. A central bank official said this would help the currency achieve price discovery without administrative…
Bitcoin Set To Gain If Trump Wins, JPMorgan Cites ‘Debasement Trade’ As Key Factor
[Nov 1, 2024 4:00 AM] According to JPMorgan analysts, a win for the Republican US presidential candidate Donald Trump could further fuel Bitcoin (BTC) price momentum. Retail Investors Turn To Bitcoin For ‘Debasement Trade’ In a recent client note, analysts at JPMorgan…
Bitcoin Makes ATH Against Euro Due To Change In Dollar Strength, Details Inside
[Oct 31, 2024 3:00 AM] Although Bitcoin (BTC) is yet to breach its USD all-time high (ATH) value, the flagship cryptocurrency has made a new ATH against the euro (EUR) and some other fiat currencies. Bitcoin Makes Fresh ATH Against Euro Bitcoin surpassed €68,000…
Solayer, OpenEden launch Treasury-backed stablecoin on Solana
[Oct 29, 2024 7:07 PM] Solayer says anyone can mint the yield-bearing sUSD token with at little as $5 in USDC.
World Bank: Nigeria Loses $8B on Foreign Exchange Subsidies Over 3 Years
[Oct 25, 2024 8:30 AM] The World Bank reports that Nigeria lost over $8 billion due to the Central Bank of Nigeria’s (CBN) refusal to float the naira between 2021 and 2023. This foreign exchange subsidy, along with the fuel subsidy, deprived the government of…
Stablecoins can benefit financial system, Fed governor says
[Oct 18, 2024 7:37 PM] The United States national debt has crossed $35 trillion, with $500 billion added to the government debt in the last two weeks alone.
Nigerian Currency ‘Most Competitive in 20 Years,’ Says World Bank
Stripe in talks to acquire stablecoin platform Bridge — report
[Oct 17, 2024 8:33 PM] Stablecoins pegged to the United States dollar have outpaced Bitcoin as a store of value in developing countries with runaway inflation.
US lagging behind in global stablecoin adoption — Chainalysis
[Oct 17, 2024 7:00 AM] Growing demand for US dollar-backed stablecoins and regulatory uncertainty in the US are the key reasons for stablecoins thriving in other jurisdictions.
Argentina overtakes Brazil in crypto inflows — Chainalysis
[Oct 10, 2024 9:16 AM] Argentina’s stablecoin market is one of the largest in the world in terms of share of stablecoin transactions, beating the global average by 17%.
Nigeria Injects $543.5M to Shore up Naira
[Oct 9, 2024 7:30 AM] The Central Bank of Nigeria (CBN) injected $543.5 million into the Nigerian foreign exchange market between September 6th and 30th to address currency volatility. The bank attributed the volatility to high demand for imports and seasonal factors…