Stablecoins Are a “WhatsApp Moment” For International Money Transfers

Stablecoins are reforming international money transfers, similar to how WhatsApp revolutionized international calls.  A16z detailed how stablecoins are enabling free and instant cross-border payments without intermediaries and processing delays.  The internet brought huge changes to our daily life, mainly in terms of communication and money transactions. Cross-border communication has transformed significantly after the development of…

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Binance Develops LDUSDT: An Asset That Lets Users Earn Rewards While Trading Futures

Binance has announced the upcoming launch of LDUSDT, a new reward-bearing margin asset designed for users of its Simple Earn USDT Flexible Products. This asset allows users to convert their subscribed USDT Flexible assets into margin assets for futures trading while simultaneously earning annual percentage rate (APR) rewards at the same prevailing rate. LDUSDT is…

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UK regulator sounds alarm over stablecoin risks

United Kingdom regulators are increasingly concerned about the impact of stablecoins and the broader crypto industry on the country’s financial system and monetary stability. During Financial Policy Committee meetings held on April 4 and 8, regulators noted that while the current “interconnectedness of unbacked crypto asset markets with the real economy and financial sector is…

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Cryptocurrencies to Watch This Week: Ethereum (ETH), Shiba Inu (SHIB), Mutuum Finance (MUTM)

This week, the spotlight is on a powerful trio of cryptocurrencies that are reshaping the market landscape. Ethereum (ETH), trading at $1,489, is still the pillar of decentralized applications and smart contracts, despite facing challenges from new competitors. However, as the Ethereum network grapples with congestion, Shiba Inu (SHIB), valued at $0.000010, continues to ignite…

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Federal Reserve Governor Michelle Bowman Faces Senate Hearing Scrutiny – Coincu

Key Points: Michelle Bowman at Senate hearing; discusses regulatory and crypto policies. Bowman’s financial policies up for examination. Potential influence on capital regulations affecting banks. Michelle Bowman, a governor on the Federal Reserve Board, appeared before a Senate Banking Committee hearing Thursday. Bowman faced questions from lawmakers about her nomination as vice chair for supervision…

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