Dollars

The Interchange: Could Fed insecurities push FedNow to beat digital dollars to the punch?

Quick Take The Fed is behind the ball on real-time payments solutions relative to other advanced economies The door is still open in the U.S. for stablecoins and so-called digital dollars to offer improved payment capabilities, but that assumes ubiquitous real-time payments isn’t already readily available Originally slated for a 2023/2024 roll-out, Fed Governor Brainard …

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Huobi launches DeFi incubator, sets aside ‘tens of millions of dollars’ for investments

Huobi launches DeFi incubator, sets aside ‘tens of millions of dollars’ for investments

Huobi Group has announced the launch of Huobi DeFi Labs, a research and incubation platform focused on decentralized finance applications and projects. According to the announcement, Huobi’s DeFi-centric arm will focus on research, investments and the incubation of DeFi initiatives. Huobi Group itself will “allocate tens of millions of dollars to an initial investment fund, which …

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Stablecoin Supply Breaks $10B as Traders Demand Dollars Over Bitcoin

Stablecoin Supply Breaks $10B as Traders Demand Dollars Over Bitcoin

The value of assets for all stablecoins surpassed $10 billion Tuesday, having surged by over 70% in just two months, according to Coin Metrics. Stablecoin supply growth comes as more cryptocurrency traders choose to trade alternative cryptocurrencies (or altcoins) using dollar-backed digital tokens instead of bitcoin. Most of the stablecoin growth comes from tether, which …

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