JD.com and Ant Group are reportedly lobbying Chinese regulators to launch yuan-based stablecoins to boost the currency’s global role and counter US dollar-pegged tokens.
Dollar News
The dollar is the national currency of the United States and some other countries. Some of the most common currencies using the dollar moniker are the U.S. dollar, the Canadian dollar and the Australian dollar. Since World War II, it has been the world’s primary reserve currency. In 1971, U.S. President Richard Nixon depegged the dollar from gold, making it a fiat currency. Dollarization in other countries allows citizens to use it unofficially.
In contrast, Bitcoin, a decentralized digital currency, challenges the dollar’s hegemony. Discussions on de-dollarization arise as countries seek to diversify financial systems, reducing reliance on the dollar. This shift raises questions about the dollar’s long-term status and prompts reevaluations of global economic strategies.
The Federal Reserve System holds the authority to issue U.S. dollars, and all dollar bills issued since 1861 remain legal tender. The dynamic interplay between the dollar, Bitcoin and de-dollarization underscores the evolving landscape of global finance.
- News7527
- Market Analysis
Traders say Bitcoin will benefit from the proposed $5 trillion increase to the US debt ceiling, but data could suggest otherwise.
10538 - Market Analysis
Bitcoin's bullish outlook strengthens as the US dollar drops 10.8% in its worst H1 performance since 1973.
12815 - Market Analysis
Bitcoin could break past $110,000 as inflation pressures mount, equities rally, and passive capital flows grow on potential S&P 500 rebalancing events.
6470 - Price Analysis
Bitcoin continues to face sellers at $109,000 even as most traders anticipate all-time highs and select altcoins rally at the start of the week.
5905 - News
Trump praised Bitcoin and cryptocurrencies in a Friday press conference and said Bitcoin may help relieve pressure on the US dollar.
14685 - Market Analysis
Trump’s early Fed replacement plans rattled markets, accelerating dollar losses and sending DXY to its lowest level since April 2022.
6028 - Markets News
Data shows spot Bitcoin ETF inflows are largely unhedged, pointing to real institutional investor conviction and BTC’s growing role as a macro-driven financial asset.
3418 - Price Analysis
Bitcoin bulls proved they are ready to buy dips to $100,000 and below. Which altcoins will follow?
8435 - News
The move will lower collateral requirements to access leverage for crypto trading due to the relatively stable value of US government debt.
3009 - Price Analysis
Altcoins remain in a consolidation phase even as Bitcoin price looks ready to take a stab at new all-time highs.
8776 - News
The stablecoin giant froze over $12.3 million worth of funds, pointing to potential illicit activity or AML violations.
8148 - Market Analysis
President Trump’s debt-heavy bill could speed up the devaluation of the US dollar. With higher inflation looming, Bitcoin may be one of the few real hedges left.
6219 - Market Update
BTC price strength returns as US inflation cools beyond expectations, hitting dollar strength again — and new BTC price all-time highs are on the table.
6645 - Market Analysis
Bitcoin technical charts and encouraging US macroeconomic data could trigger a rally to $115,000.
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