Tag: USD

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Strong in USD, lagging in yen

Early today, traders received Japan’s producer price index for June, which came in at 7.1%, the fastest annual increase since March 2023. The spike...

Jefferies wouldn’t buy the dip as Open USD heats up stablecoin race

"Large groups of large companies coordinate poorly, have misaligned incentives, slow things down and rarely create the space for real durable innovation," he wrote.Test...

Open Standard Unveils Open USD, a Bank- and Tech-Backed Stablecoin Governed by Its Users

A consortium of more than 140 financial and technology companies introduced Open USD, a dollar stablecoin whose reserve earnings and governance are designed to...

Circle (CRCL) Drops 15% After Open USD Stablecoin Launch

A coalition of more than 140 companies — among them Visa, Stripe, Mastercard, BlackRock, and Coinbase — announced today the formation of...

Circle (CRCL) selloff may be ‘overreaction’ but Open USD faces adoption test

Still, he argued that the Circle's 16% selloff on Tuesday went too far."I think it is an overreaction," he told CoinDesk.He pointed to Paxos'...

USDT Now Live on Solana, Plasma, and Ethereum With 1:1 USD Onramps and Offramps: Privy and Ramp

Ramp expands stablecoin access by launching USDT across Solana, Plasma, and Ethereum with seamless 1:1 USD conversion for global money movement.Ramp has launched USDT...

Bitcoin and USD Benefit Each Other — Bitcoin Policy Institute Exec

US dollar-pegged stablecoins and Bitcoin (BTC) share a “symbiotic” relationship, mutually benefitting from rising adoption, according to Sam Lyman, head of research at Bitcoin...

South Korea to block firms from using USDT, USD Coin – DL News

No room for flexibility, say regulators.South Korean firms cannot buy crypto, unlike Japanese, US companies.Listed firms frustrated by Financial Services Commission stance.South Korean financial...

Trump’s ‘Board of Peace’ Is Exploring a USD Stablecoin for Gaza: FT

The project is reportedly being led by Israeli tech entrepreneur Liran Tancman, who is working as an adviser to the recently established peacekeeping organization.The...

UAE Approves First Central Bank-Registered USD Stablecoin USDU

Universal Digital Intl Limited (Universal) has launched USDU, the first USD-backed stablecoin to be registered by the Central Bank of the UAE (CBUAE) under...

Citrea Launches Mainnet, Bringing Lending, Trading, And USD Settlement To Bitcoin

Citrea, a Bitcoin application platform backed by Founders Fund and Galaxy Ventures, announced today the launch of its mainnet, in hopes to...