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Circle Applies for U.S. National Trust Bank to Directly Oversee USDC Reserves
On June 30, Circle, the issuer of the USDC stablecoin, submitted an application to establish a national trust bank in the United States. If the Office of the Comptroller of the Currency (OCC) approves the application, the proposed First National...
South Korea Delays CBDC as Banks Bet on Stablecoins
A Bloomberg report revealed that South Korea paused its central bank digital currency (CBDC) trials to fast-track the launch of Korean won-pegged stablecoins, shifting regulatory focus away from Project Han River’s upcoming rollout phase to prioritize private token issuance. https://twitter.com/pete_rizzo_/status/1939412759172579528...
Argentina Achieves Record Q1 2025 Growth, Investment Surge, and Lowest Inflation Since 2020
Argentina’s economy grew by an impressive 5.8% in the first quarter of 2025, beating China’s 5.4% growth and marking its best quarterly performance since 2022. This strong economic recovery was confirmed by INDEC, the country’s official statistics agency. The growth...
Some Fed Officials Back Rate Cuts Even as Powell Signals a Hold
In a widely anticipated move, the US Fed kept its benchmark interest rates unchanged in the range of 4.25% to 4.5% after its meeting concluded last week. However, while Chair Jerome Powell has signaled a pause on rate cuts for...
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