... directly impacts USDC's ability to maintain its 1:1 exchange rate. 2. Global Interest Rates and Yields. The monetary policy of leading countries affects the appeal of stablecoins. In high interest rate environments in the US, investors may prefer to keep funds in bank deposits or bonds; however, stablecoin issuers benefit as reserve yields increase. Between 2023 and 2024, the Federal Reserve's rate hike boosted Circle and Tether's income on reserves, strengthening stablecoins' financial stability. At ...

... first time. China, a leader in installed renewable energy capacity, continues to introduce dozens of gigawatts of new solar panels and wind turbines yearly, breaking its own generation records. Globally, companies and investors are directing substantial funds toward the development of clean energy: according to the IEA, total investments in the global energy sector in 2025 will exceed $3 trillion, over half of which will be allocated to RES projects, grid modernization, and energy storage systems. Nevertheless,...

... the economy. Markets reacted positively overall to the Central Bank's bold decision, though without unanimity. The debt market experienced an influx of buyers: yields on government bonds (OFZ) significantly decreased, raising bond prices, as cheaper funding improves prospects for borrowers. In the stock market, the reaction was mixed. Sectors sensitive to rates – primarily energy, real estate, and consumer companies – received a growth impulse due to expectations of cheaper credit and stimulated ...

... some subsidiaries were profitable and directed dividends to the parent company. These participation earnings amounted to ~157 billion rubles in H1 2025 (slightly less than 185 billion rubles a year earlier). Interest income (from provided loans and fund placements) also increased (~179 billion rubles compared to 168 billion rubles in H1 2024) due to higher interest rates in the economy. All the listed components cumulatively account for the spike in other income. Conversely, other expenses also ...

... short-term weakening following the July decision of the Bank of Russia, is holding steady around 80 ₽ to $1. The key rate cut by 200 bps (to 18% per annum) had only a moderate impact on the attractiveness of ruble assets: the outflow of foreign speculative funds remains restrained, as the central bank’s decision was largely anticipated and priced in in advance. Moreover, ongoing sales of foreign currency receipts by exporters and cautious interventions by the regulator help smooth out exchange rate fluctuations....