Articles for category: Crypto

September 22, 2025

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Digital Dollars: How Stablecoins like USDT Are Reinforcing the U.S. Dollar in Emerging Markets

Good morning, Asia! Here’s a round-up of significant financial updates affecting the markets today: The global financial landscape is shifting, yet a striking scene in Bolivia illustrates a curious dynamic at play. A bold advertisement for the BYD Dolphin Mini, an electric vehicle emblematic of China’s export prowess, stands tall on a Bolivian street. Interestingly, transactions for this vehicle are made using Tether (USDT), a stablecoin linked to U.S. treasuries that China has been actively divesting from. China’s efforts to promote de-dollarization in emerging markets, particularly in Latin America, have been framed as a push for economic self-sufficiency and solidarity

September 22, 2025

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Major Automakers Embrace USDT in Bolivia Amid US Dollar Shortages

In a significant development for cryptocurrency adoption in Bolivia, three global automotive giants—Toyota, Yamaha, and BYD—have begun accepting Tether (USDT) as a payment method. This move aims to address the nation’s dwindling US dollar reserves, illustrating a shift towards digital currencies in the South American country. Paolo Ardoino, CEO of Tether, announced this milestone on Sunday, marking a pivotal moment in Bolivia’s financial landscape. The announcement follows the confirmation from crypto security firm BitGo that a Toyota vehicle was purchased using USDT just one day prior. Ardoino shared images depicting a local dealership showcasing advertisements for USDT, promoting it as

September 21, 2025

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Coinbase CEO Brian Armstrong Reveals Vision for Financial Super App

In a recent interview, Coinbase co-founder and CEO Brian Armstrong shared his ambitious vision for the cryptocurrency exchange, stating that the company aims to evolve into a comprehensive financial “super app.” This new direction would allow Coinbase to provide a range of financial services beyond just cryptocurrency trading, offering users an all-in-one platform for their financial needs. Speaking on Fox Business’ “The Claman Countdown,” Armstrong explained that the momentum seen in Washington, D.C., is unprecedented, with bipartisan efforts underway to create a cohesive regulatory framework for the cryptocurrency sector. This progress, he believes, is essential for Coinbase’s development into a

September 21, 2025

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Coinbase Aims to Transform into a Financial Super App, Says CEO Brian Armstrong

In a recent interview, Brian Armstrong, the CEO and co-founder of Coinbase, laid out his vision for the cryptocurrency exchange’s ambitious evolution into a comprehensive financial super app. Speaking on Fox Business’ “The Claman Countdown,” Armstrong emphasized the company’s intent to integrate a wide array of financial services, extending beyond just cryptocurrency trading to encompass elements typically found in traditional banking. Armstrong highlighted a notable increase in bipartisan support within Congress, suggesting that lawmakers are making progress in creating regulatory frameworks for the cryptocurrency sector. This legislative momentum, he noted, is crucial for Coinbase’s plans to become a leading super

September 21, 2025

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Jimmy Song Critiques Bitcoin Core’s OP_RETURN Decision as Fiat Mentality

Prominent Bitcoin developer and advocate Jimmy Song has voiced strong opposition to the recent decision by Bitcoin Core developers to lift the OP_RETURN limit for non-financial data transactions in the highly anticipated Bitcoin Core 30 upgrade. He labeled this move as representative of a “fiat” mentality that disregards the concerns raised by the Bitcoin community. According to Song, the current 80-byte limit on OP_RETURN—a feature allowing users to embed data in Bitcoin transactions—was removed without adequately addressing significant pushback from users and node operators. He expressed his concerns, stating, “The notion that spam is difficult to define is simply an

September 21, 2025

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Venture Capitalist Envisions a Shift to an Internet-First Economy

The traditional economic landscape in advanced nations is witnessing a significant transformation, transitioning toward an internet-first paradigm, as articulated by Balaji Srinivasan, a former executive at Coinbase and author of “The Network State.” In a recent post on X, Srinivasan emphasized that the “legacy economy is being sunset in favor of the Internet economy.” To highlight the dramatic shift, Srinivasan shared a chart comparing the buoyant performance of seven leading technology stocks, dubbed the “Magnificent Seven,” against the largely stagnant performance of the remaining firms within the S&P 500 index since 2005. This stark contrast illustrates the prevailing strength of

September 21, 2025

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Diverging Paths: Gold and Bitcoin’s Performance Amidst Growing Money Supply

As 2025 unfolds, the contrasting performances of gold and Bitcoin have taken center stage in the financial markets. Gold, traditionally viewed as a safe haven asset, has demonstrated remarkable resilience with a year-to-date increase of 38%. In comparison, Bitcoin has not lagged far behind, achieving a commendable rise of 23% during the same period. However, when examining their performances through the lens of the U.S. money supply, especially the broad measure known as M2, a more nuanced narrative emerges. Despite gold’s substantial gains this year, its performance falls short when adjusted for M2 growth. Historically, gold has struggled to regain

September 21, 2025

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China Unveils First Regulated Stablecoin as Global Competition Intensifies

This week, a significant milestone in the world of digital currencies was reached as AnchorX, a financial technology firm, introduced China’s first regulated stablecoin, linked to the international variant of the Chinese yuan (CNH). This launch took place at the Belt and Road Summit in Hong Kong and comes in tandem with a similar initiative from South Korea, where BDACS unveiled its own Korean won-pegged stablecoin, KRW1. The introduction of AxCNH marks a strategic shift in China’s regulatory stance, as the country begins to embrace stablecoins tailored for international markets. The stablecoin aims to facilitate cross-border transactions, particularly with nations

September 21, 2025

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Trump’s Criticism of the Fed: Implications for the Dollar and Economic Policy

In the past few months, former President Donald Trump has intensified his criticism of the Federal Reserve (Fed), particularly targeting Chair Jerome Powell for sustaining elevated interest rates. Trump argues that these high rates are detrimental to the U.S. economy, labeling them as unnecessarily burdensome. This criticism transcends mere political rhetoric; it presents a fundamental challenge to the Fed’s long-established tradition of operating free from direct political influence. Trump’s attempts to destabilize the central bank’s leadership could have unintended consequences, potentially leading to further declines for the U.S. dollar, as highlighted by market analysts. In a recent client note, the

September 21, 2025

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Trump’s Fed Critique Intensifies: Implications for U.S. Dollar and Monetary Policy

Former President Donald Trump’s ongoing critique of the Federal Reserve (Fed) is raising concerns about potential consequences for U.S. monetary policy and the strength of the dollar. Central to Trump’s argument is the belief that elevated interest rates, maintained by Fed Chair Jerome Powell, are stymying economic growth and imposing unnecessary burdens on American consumers. Recently, Trump has stepped up his campaign against the Fed, suggesting that its current leadership is out of touch with the economic realities facing the nation. His discontent culminated in a dramatic move last week, where his administration petitioned the U.S. Supreme Court to allow