Dollar | Crypto

Stablecoin A7A5, pegged to the Ruble, has reached a $500M market cap and about 43% of the non-dollar segment. EU penalties are prepared as Elliptic and TRM Labs have reported $1B-plus daily flows and links to sanctioned entities and cross-border trade. The post Sanctions-Defying Ruble-Backed Stablecoin Explodes to $500M – Is This Russia’s Answer to the Dollar? appeared first on Cryptonews.

Eric Trump has argued that stablecoins could help the dollar as World Liberty Financial advances and ABTC lists on Nasdaq. Lawmakers have raised conflict concerns, the GENIUS Act has progressed, and Citigroup has projected sector growth while JPMorgan remains cautious. The post Eric Trump’s Bold Claim: Stablecoins Will “Save the U.S. Dollar” – But There’s a Catch appeared first on Cryptonews.

Bitcoin benefits from a weaker dollar, but credit market signals warn of possible investor caution that could prevent the bulls from making a run at $120,000. Key takeaways: Dollar weakness alone may not be enough for Bitcoin to reclaim $120K. Ongoing global trade tensions add uncertainty to Bitcoin’s short-term price outlook. Read more

American economist Kenneth Rogoff believes that the rise of crypto poses a threat to the hegemony of the U.S. dollar. Rogoff previously served as the chief economist at the International Monetary Fund (IMF) and on the Federal Reserve Board. He is a published author and an economics professor at Harvard University. In an interview with […] The post Former IMF chief economist believes crypto is a rising threat to the U.S. Dollar’s dominance appeared first on CryptoSlate.