Eric Trump, the son of U.S. President Donald Trump, has made his most striking endorsement of digital assets yet, claiming that stablecoins could “save the U.S. dollar.” The remarks, made in an interview with the New York Post on Friday, centered on his family’s crypto project, World Liberty Financial, and its flagship token, USD1. Trump said he believed surging demand for cryptocurrencies could bolster America’s position in global finance by channeling “trillions from around the world in wonky currencie ...

European banks are beginning to wake up to the potential of a euro-backed stablecoin, a move that could mark a turning point for the region’s financial system, according to Mark Aruliah, Head of EMEA Policy and Regulatory Affairs at blockchain analytics firm Elliptic. But while the intent is promising, questions remain over whether Europe can act swiftly enough to compete with the U.S. and Asia, where regulatory clarity and market adoption are already accelerating, Aruliah said. Growing Appetite for Digi ...

Cryptocurrency adoption in emerging markets poses risks to monetary sovereignty and financial resilience, credit ratings giant Moody's Ratings said in a report on Thursday. The risks are most acute in areas where crypto's use extends beyond investment into savings and remittances, according to the report. Moody's suggests that higher penetration of stablecoins pegged to the U.S. dollar weaken monetary transmission when it leads to pricing and settlement increasingly occurring outside a market's domestic c ...

Exodus Movement, Inc. (EXOD) shares rallied 12.1% in the last trading session to close at $32. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 5.8% gain over the past four weeks.Exodus Movement is benefiting from increased adoption of stablecoins, strategic partnerships like the MetaMask integration, and its focus on simplifying crypto access through innovative products like XO Swap and XO Pay.This company is ...

The CFTC is considering a groundbreaking plan to allow stablecoins like USDT and USDC to serve as collateral in the U.S. derivatives market. | Credit: Getty Images. Key Takeaways Acting CFTC Chair Caroline Pham has proposed allowing stablecoins to be used as collateral in U.S. derivatives markets. The initiative builds on recommendations from February’s Crypto CEO Forum. If adopted, the move could unlock trillions in new liquidity for futures, swaps, and options. The U.S. Commodity Futures Tradin ...

Elliptic, a prominent provider of blockchain analytics tools, has secured investment from HSBC, marking its entry into an exclusive club. Key Takeaways: Elliptic secured investment from HSBC, making it the only blockchain analytics firm backed by four global megabanks. HSBC’s Richard May has joined Elliptic’s board as the firm expands its compliance tools for digital assets. The funding will support Elliptic’s growth as demand rises for stablecoin risk management and cross-chain analytics. It is n ...

Blockchain analytics firm Elliptic has secured a strategic investment from HSBC, making it the only company in the sector to be backed by four globally systemically important banks (G-SIBs). HSBC joins JPMorgan Chase, Santander and Wells Fargo on Elliptic’s investor roster. As part of the deal, Richard May, Group Head of Financial Crime at HSBC’s corporate and institutional banking arm, will take a seat on Elliptic’s board. Banking on blockchain oversight Elliptic’s technology is used by financial insti ...

Fold Holdings, the Bitcoin financial services company, has announced a major collaboration with Visa and Stripe to launch the Fold Bitcoin Rewards Credit Card. The new product, revealed in a Tuesday press release, is designed to make earning Bitcoin from everyday purchases accessible to mainstream consumers by integrating with Visa’s global payments network and Stripe’s issuing infrastructure. New Fold Bitcoin Credit Card Pays Up to 10% Back at Top Retailers According to the company, the Fold Bitcoin Cr ...

Y Combinator, the Silicon Valley startup incubator behind Airbnb, Coinbase and Stripe, is collaborating with Base and Coinbase Ventures to create the next wave of so-called “Fintech 3.0” companies, according to a blog post on Tuesday. The firms have opened applications to these "Fintech 3.0" companies, saying it is looking for themes such as expanding stablecoins beyond the dollar into local currencies, tokenizing assets such as stocks and credit markets and building consumer-facing applications including ...

JPMorgan CEO Jamie Dimon warned that persistent inflation may prevent further Federal Reserve (Fed) rate cuts, contradicting market expectations for aggressive monetary easing through 2025. Speaking at the JP Morgan India Investor Conference, Dimon expressed skepticism about the Fed’s ability to cut rates significantly while inflation remains “stuck at 3%” rather than the central bank’s 2% target. Source: YouTube Multiple Economic Pressures Keep Inflation Elevated Dimon’s comments came as Federal Res ...