Nobody Wants Non-USD Stablecoins… Yet
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…
Argentine Peso Stumbles Following Milei’s Defeat in Buenos Aires
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…
Shekel Reaches 30-Month High Against Dollar Amid Geopolitical Developments
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…
Analysts: China Should Introduce Yuan Alternatives to Combat Dollarization Driven by Stablecoins
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…
ECB Confirms Gold Dethroned the Euro as the Second Reserve Asset
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.…
Against All Odds, Argentina Keeps Beating the Dollar
Argentina celebrated the continued decrease in the dollar-peso exchange rate, even predicting that it might fall below the flotation bands established by the central bank. This would trigger a purchase…
Trump’s Tariff Policy Threatens Dollar’s Safe Haven Status and Global Currency Dominance, Warns FX Strategist Wizman
Recent data indicates a breakdown in the dollar’s traditional correlation with other markets, as investors seek refuge in currencies like the Swiss franc and Japanese yen, which have recently strengthened.…
Argentine Stablecoin Markets Soar After Announcement Ending Currency Controls
Stablecoin trading volumes skyrocketed following the confirmation of the end of currency control measures in Argentine markets. Local exchanges reported a 100% increase in trading volumes, initially driven by selling…
Tanzanian Shilling’s 8.9% YTD Drop Earns It World’s Worst-Performing Currency Status
The Tanzanian shilling has experienced a significant decline, becoming the world’s worst-performing currency this year, dropping 8.9%. At the time of writing, the currency’s exchange rate against the U.S. dollar…
US Dollar Retains Global Dominance Despite BRICS Efforts, Reveals Atlantic Council Report
Despite concerted efforts by the BRICS nations to decrease global dependence on the U.S. dollar, the fiat currency remains the dominant force in the world economy, a new study from…