... Nonetheless, risks remain: if the US Congress enacts legislation by 2025 requiring full reserves and audits or restricting the activities of foreign stablecoins within the country, USDT liquidity could shrink. In practice, even without a direct ban, the US banking system has become increasingly wary of stablecoins: in 2024, several crypto-oriented banks were closed or altered their policies (e.g., Silvergate, Signature Bank), complicating the conversion of stablecoins to fiat for the market. This creates challenges for Tether in terms of managing its reserves and servicing clients; however, the company appears to have preemptively ...

... countries are focused on both macroeconomic events and the wave of corporate results for the second quarter. The spotlight is on signals from central banks and statistics that could affect the stock market, as well as reports from major companies in the US, Europe, and Asia. Important data from Australia is scheduled for early morning release, followed by speeches from the heads of the Bank of England, the Fed, and the ECB during the day, with business activity indexes and oil statistics set to be released ...

The US ISM Services Index exceeded expectations in April: activity, new orders, and employment improved, but a spike in prices highlights persistent inflation risks. How will the markets react, and what will the Fed do? ISM Services PMI Beats Forecast; ...

... the US. The administration has issued an executive order on developing federal regulation for digital assets, and Congress is discussing stablecoin legislation that may establish reserve and licensing requirements for issuers. Clarity of rules in the US could significantly strengthen USDC's position, as Circle has initially adhered to transparency and compliance policies. Citi notes in its April report that regulatory certainty will allow for deeper integration of stablecoins into the financial system and expand their usage in payments. Thus, if a comprehensive stablecoin law is passed in 2025, Circle is likely ...

... Nevertheless, the Japanese Nikkei 225 index finished Friday with a rise of about 0.4%, banking on the continuation of stimulating policies regardless of the election outcome. Overall, the composite index of stocks in the Asia-Pacific region changed slightly ... ... above Monday’s levels. Prices are supported by progress in trade negotiations: expectations of potential deals between the US and its partners have bolstered demand forecasts for oil. Specifically, the news of the agreement between Washington and Tokyo ...