Euro stablecoins might seem small now, but they have huge potential. Right now, most stablecoins are tied to the US dollar, making up over 99% of the market. Euro stablecoins, on the other hand, are barely a blip at around $600 million. But don't let the small numbers fool you. The euro is the world
The trade finance market is on the rise, expected to hit USD 95. 74 billion by 2030. This growth is driven by a shift towards digital solutions and open-account methods, even though traditional letters of credit remain important in high-risk deals. New rules and blockchain tech are making trade easi
In the world of business, things are always changing. Let's take a look at some recent developments. First up, Naver Corp. is making a big move. They're buying Dunamu Inc. , the company behind South Korea's popular crypto exchange, Upbit. This deal is all about stocks, and it means Naver will have
The U. S. Federal Reserve might lower interest rates in December. This is because the economy shows signs of slowing down. Job growth is weaker than before. Inflation is also lower. These changes make it likely that the Fed will cut rates. Investors are hopeful. They think cheaper money is coming.
South Korea is making big moves in the world of digital money. Two of its largest tech companies, KakaoBank and Naver, are racing to create their own type of digital currency called stablecoins. These stablecoins would be tied to the Korean won, the country's official currency. This isn't just a com
The chances of a December interest rate cut by the U. S. Federal Reserve are looking shaky. Right now, less than half of the investors think it's going to happen. This drop in confidence is making waves in the crypto market, which is already feeling the heat. Just a few weeks ago, the odds were muc
Tether, the company behind the popular USDt stablecoin, is making a bold move into the world of commodity lending. With a whopping $1. 5 billion already lent out, they're not just dipping their toes in—they're diving right in. This isn't just about lending money; it's about helping traders move good
FTSE Russell, a big name in the world of financial indexes, has teamed up with Chainlink to bring some serious stock market data to the blockchain. This isn't just any data; we're talking about the Russell 1000, Russell 2000, and Russell 3000 indexes, plus the FTSE 100 and some digital asset benchma
Wall Street is going all-in on AI, and the big banks are leading the charge. JPMorgan Chase, for instance, has a massive technology budget of $18 billion, with a significant chunk dedicated to AI. The bank's CEO, Jamie Dimon, is a big fan of their generative AI suite, which has been rolled out to ov
The UK and Saudi Arabia have just made some serious business moves. They've agreed on deals worth a huge $8. 6 billion. This is all about boosting trade and investments between the two countries. The UK's finance minister, Rachel Reeves, was in Saudi Arabia to make this happen. She was working on s
