Tag Archives: INTELPIC
US dollar continues to lose investors
The US dollar continued its losing streak while Treasuries steadied after rallying on further bets that the US Federal Reserve is nearing the end of its rate hike cycle.
Hopes that interest rates have peaked and the economy will avoid a recession spurred stocks and government bonds this month.
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Circle, the issuer of the USDC stablecoin, announced a Memorandum of Understanding with SBI Holdings, the prolific web3 and blockchain investor. SBI will help Circle to circulate USDC in Japan and together they will “expand the use of stablecoins in Japan.”
USDC is the second largest stablecoin with a $24.6 billion market capitalization. While USDC is considerably smaller than Tether, the latter is not issued from a regulated jurisdiction. Plus, the State of New York banned Tether, making regulated institutions wary.
In terms of the deal, SBI Shinsei Bank will also provide banking services to Circle. And the SBI Group will adopt Circle’s Web3 solutions including its programmable wallet.
SBI’s crypto exchange subsidiary SBI VC Trade applied for a license as an electronic payment instruments service. This is to help to distribute USDC.
https://www.ledgerinsights.com/usdc-japan-stablecoin-circle-sbi/
Tether Freezes $225M Linked to Human Trafficking Syndicate Amid DOJ Investigation
The $225 million was related to the “pig butchering” scam.
Stablecoin issuer Tether has frozen $225 million worth of its own stablecoin following an investigation by the U.S. Department of Justice (DOJ) into an international human trafficking syndicate in Southeast Asia.
The investigation was ongoing for months and used blockchain analysis tools provided by Chainalysis. It marks the largest-ever freeze of a stablecoin, a press release said.
⚡Not a good idea to doubt the “Cajun John Wayne” regarding 🔥”up to 10 key Democrats will announce they’re retiring from Congress.” ‼️ MajFreddy(Ret) 🇺🇸
Capt Kyle Patriots Meme Team
@CaptKylePatriots
Conspiracy Daily Update 