... 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 diversified its banking partners and transferred a significant portion of its reserves into securities, minimizing the impact of such events. Europe. In the European Union, the regulatory framework MiCA (Markets in Crypto-Assets) came into effect in 2024, establishing unified rules for crypto assets, including stablecoins. Under MiCA, stablecoin issuers (especially large ones, termed "electronic money ...

... related industries. Weekly Inflation Data in the United States (19:00 GMT) The release of weekly inflation figures will offer a snapshot of price trends and economic stability in the U.S. Impact on Europe: U.S. inflation trends can influence the Federal Reserve's monetary policy, which in turn affects global financial markets. European investors should monitor these figures to anticipate potential shifts in interest rates and capital flows. Impact on the United States: Weekly inflation data provide insights into consumer purchasing power and economic health. Persistent inflation ...

... for some of the lost volumes from Russia. However, dependence on a single region remains a vulnerable position for the EU. In response to this issue, the EU is expanding cooperation with Algeria and other North African suppliers. 3. Creating Strategic Reserves and Enhancing Energy Efficiency The European Commission is urging EU member states to actively build gas reserves, which can help stabilize supplies in the event of disruptions. Alongside this, EU countries are developing energy efficiency programs aimed at reducing gas consumption. Improving ...

... Filling Accelerates, Prices Remain High In the gas market, Europe remains in focus. EU countries are ramping up natural gas injections into underground storage facilities at accelerated rates in preparation for the winter season. By the end of July, European UGS facilities were over 70% filled (up from ~59% a month earlier), corresponding to more than 70 billion cubic meters of reserves. The active injection in June reached record levels (around 12-13 billion m 3 per month), and although July's pace has slowed somewhat, the EU has managed to close the gap from last year's storage filling schedule. The target of reaching at least ...

... European companies may reconsider the terms of agreements with American suppliers, incorporating stricter penalties for shortfalls. This would reduce the likelihood of gas volumes being redirected to other regions and provide greater protection for European consumers. Establishment of Strategic Reserves Europe could bolster the establishment of strategic LNG reserves to reduce vulnerability to suppliers and avoid crisis situations. This would also stabilize prices during periods of high demand, such as the winter season. Accelerated Development ...