469 articles
A person familiar with the project reportedly said the stablecoin under preliminary discussion by the board would be established as “a means to allow Gazans to transact digitally.”
Banks and credit unions on the Jack Henry Fintech Integration Network can add tokenized deposits, crypto lending and 24/7 payment rails through the partnership.
The price of World Liberty Financial's token dipped about 7% early on Monday, later reported to be the result of a social media and short-seller attack.
The Board of Peace is exploring the creation of a stablecoin for Gaza, according to reporting from the Financial Times.
IQMM's historic first-day launch underscores how traditional cash funds are adapting to compete in a stablecoin-driven landscape following the passage of the GENIUS Act.
USD1 briefly fell to about $0.99707 on Monday morning, a drop that typically would not be considered a stablecoin depeg.
The company’s native token, WLFI, also fell 7% around the same time that its stablecoin, USD1, briefly fell below a dollar peg.
The USD1 token briefly fell to $0.994, some 0.6% below its $1 peg, CoinGecko data shows.
Standard Chartered slashed its forecast for T-bill demand from stablecoins to $800 billion to $1 trillion by 2028, but maintained its $2 trillion stablecoin market call.
Citrini Research’s 2028 scenario imagines AI turbocharging corporate profits, while hollowing out consumer demand, and quietly migrating global payments to stablecoins on cheap chains.
The bank said stablecoins may generate up to $1 trillion in fresh Treasury bill demand by 2028, allowing the government to ramp up issuance and suspend 30-year bond auctions.
Standard Chartered sees $0.9T excess demand for U.S. Treasury bills, raising odds of reduced 30-year bond auctions.
