#dollar

The United States House Committee on Financial Services has approved a bill prohibiting the Federal Reserve from developing a central bank digital currency (CBDC) in the United States.

Ripple (XRP) has disclosed plans for launching its own stablecoin, which will be pegged to the dollar and backed by bank deposits along with short-term U.S. Treasury bills. This move aims to expand Ripple Payments' capabilities in facilitating cross-border transactions. The introduction of this stablecoin promises:

In the face of escalating inflation (211%), Argentinians continue to actively purchase dollar-pegged stablecoins, steering clear of Bitcoin due to its high volatility. For cash purchases of these stable tokens, locals are turning to domestic P2P exchanges due to the country's stringent currency regulations.

In an effort to mitigate risks associated with other stablecoins, such as centralized and algorithmic ones, Gyroscope has launched the Gyro Dollar (GYD), a decentralized stablecoin, on the Ethereum blockchain. The project has attracted investments from key industry players like Galaxy and Placeholder.

Arthur Hayes, the co-founder of crypto derivatives exchange BitMEX, discusses the implications of the United States' current fiscal policy in his recent essay "Panda Power," highlighting its role in the weakening of the dollar.

JPMorgan Coin is a stablecoin designed to maintain a 1:1 peg with the U.S. dollar, offering stability and efficiency in transactions.

Coinbase, the American cryptocurrency exchange, has made the decision to delist 80 trading pairs that are not tied to the US dollar (including USDT) in an effort to enhance liquidity on its platform.

Forbes, in a recent investigative report, has shed light on the 2017 ICO (Initial Coin Offering) conducted by Binance, and it paints a different picture of its success than previously believed.

Donald Trump's committee returned part of the donations from the Winklevoss brothers, which exceeded the legally established limit of $844,600 per person. Each brother donated $1 million in Bitcoin. It is unclear whether the committee returned BTC or an equivalent dollar amount.

Donald Trump's venture into social media with Truth Social is gearing up for a stock market debut, thanks to a merger deal with Digital World Acquisition getting the green light from investors. The stock could potentially trade under Trump's initials, DJT.

Sam Altman, leading OpenAI, is orchestrating a billion-dollar investment drive to create microchips crucial for artificial intelligence progression.

The fake Blockworks site presents a fabricated ‘BREAKING’ news report, alleging a multimillion-dollar ‘approvals exploit’ on Uniswap.

The OTC trades of FTX creditor claims are now valued at over 50 cents per dollar lost. This signals a growing belief in recovering at least half of their assets. This surge follows the disclosure of FTX's substantial stake in the AI company, Anthropic. The potential sale of this stake holds promise for a more successful fund recovery for creditors.

The Real USD stablecoin (USDR), backed by crypto assets and real estate, has lost its peg to the dollar, resulting in nearly a 50% price drop.

On October 6, 2014, the first-ever USDT transaction took place, marking the beginning of this stablecoin's journey. Since then, USDT has weathered its fair share of FUD (Fear, Uncertainty, Doubt). However, it's worth noting that USDT has also had several instances where it temporarily lost its peg to the US dollar.