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Peter Schiff Warns of ‘Parasitic Relationship’ Threatening Dollar Value and Painful Economic Transition

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In a recent social media post, economist Peter Schiff critiques the Trump administration’s characterization of the U.S. as the “world’s best customer,” arguing that this perspective misrepresents the global economic relationship. Schiff asserts that while demand is unlimited, the resources to satisfy that demand are scarce, emphasizing that supply, not demand, is the limiting factor … Read more

Trump’s Policies Threaten US Dollar Dominance, Warns Economics Professor

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In a recent essay for the Financial Times that is heating up discussions in economic circles, Berkeley professor and author of Exorbitant Privilege: The Rise and Fall of the Dollar, Barry Eichengreen argues that President Donald Trump’s policies are significantly undermining the foundations of U.S. dollar dominance and international economic relationships. Eichengreen highlights concerns over … Read more

Stablecoins, Not Bitcoin, Extend US Dollar Hegemony, Chinese Economist Warns

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A Chinese economist, Zhang Ming, argues that U.S. dollar-pegged stablecoins, not Bitcoin or Ethereum, are strengthening the U.S. dollar’s global dominance. Dollar-Pegged Stablecoins Bolstering Dollar’s Global Role According to Zhang Ming, deputy director of the Institute of Finance and Economics at the Chinese Academy of Social Sciences, U.S. dollar-pegged stablecoins, not bitcoin ( BTC) or … Read more

Digital Dollar Project Remarks Modernization Is Necessary to Preserve Dollar’s Status

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The Digital Dollar Project, which focuses on investigation leading to the future-proofing of the dollar, states that while the U.S. currency is still peerless, it is moving on the wheels of technology quickly approaching obsolescence. Digital Dollar Project States U.S. Currency Must Modernize to Preserve Its Status The Digital Dollar Project, a non-neutral, non-profit forum … Read more

Tanzanian Shilling’s 8.9% YTD Drop Earns It World’s Worst-Performing Currency Status

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The Tanzanian shilling has experienced a significant decline, becoming the world’s worst-performing currency this year, dropping 8.9%. At the time of writing, the currency’s exchange rate against the U.S. dollar stood at 2,645 per dollar, a level last seen in late November 2024. This decline is attributed to rising imports and increased public debt, largely … Read more

Dune Study Shows Stablecoin Supply Grew 63% in 2024, Reaching $225 Billion

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The stablecoin market has seen explosive growth in 2024, with total supply reaching $214 billion and transfer volume hitting $35 trillion, according to a new report by Dune Analytics and Artemis Terminal. Stablecoins in DeFi: $35 Trillion in Transfers Driven by Decentralized Finance The stablecoin market has experienced significant growth in 2024, with total supply … Read more

To Sell or Not to Sell: Redditors Debate Bitcoin’s Million-Dollar Moment

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A Reddit thread exploring whether bitcoin holders would sell at $1 million reveals a divided yet pragmatic community weighing financial goals, inflation risks, and long-term faith in the leading cryptocurrency. Bitcoin Holders Split on $1M Exit Strategy A recent Reddit discussion in r/bitcoin delved into the hypothetical scenario of bitcoin (BTC) reaching $1 million, sparking … Read more

De-Dollarization Push: African Payment Provider Tests Platform to Facilitate Local Currency Trade

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An African payment infrastructure provider is piloting the Africa Currency Marketplace, which seeks to enable countries to settle trades with local currencies. PAPSS Fees to Be Market-Driven The Pan-African Payment and Settlement System (PAPSS), a payment infrastructure provider backed by 15 central banks, is reportedly piloting a currency platform to enable countries to settle trades … Read more

‘Dollar Smile’ Theory Suggests Weaker Dollar Ahead, According to Stephen Jen

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Stephen Jen, CEO of Eurizon SLJ Capital, believes the U.S. dollar’s decline is just beginning. Concerns about the US economy and optimism about growth abroad have pushed the dollar to a three-month low, aligning with Jen’s long-held prediction of a weaker dollar. Jen’s “dollar smile” theory suggests the dollar gains during deep slumps or strong … Read more

Binance US Resumes USD Deposits and Withdrawals Following Regulatory Halt 

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Binance US has restored U.S. dollar deposit and withdrawal services for eligible customers as of Feb. 19, 2025, nearly two years after suspending the feature amid regulatory scrutiny of its parent company. Binance US Reinstates USD Services The crypto trading platform announced Wednesday that USD services, including bank transfers (ACH), will roll out gradually to … Read more

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