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A stablecoin boom will force a return to US dollar dominance - but not just yet, this strategist says
Kelly was keen to address the story: "The view is more nuanced than that." The key lies in PineBridge's preference for an intermediate timeframe when it is investing. PineBridge, a global asset manager running $200 billion of capital, likes to look forward 18 months or so when expressing a view. In fact, in the near term Kelly noted, "We think trading in the dollar will be choppy actually." He is skeptical about an exodus of international capital from the U.S. and believes the 12% decline in the dollar this year, "probably owes more to Taiwanese life insurers changing their hedging ratios than anything else." ... (full story)
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From analyticsinsight.net|Aug 20, 2025The prevailing Solana Price Prediction is to head towards $520 by 2026, but the investors are looking for something that can provide greater short-term benefits. While Solana ...
From @realDonaldTrump|Aug 20, 2025|142 comments
Cook must resign, now!!! https://www.bloomberg.com/news/articles/2025-08-20/trump-ally-calls-on-bondi-to-probe-fed-s-cook-over-mortgages
From tickmill.com|Aug 20, 2025Bitcoin prices remain under pressure through the middle of the week with the futures market breaking down to fresh lows for the month earlier today. The move comes on the back of ...
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From zerohedge.com|Aug 20, 2025|9 commentsThe director of the Federal Housing Finance Agency is urging Attorney General Pam Bondi to investigate Federal Reserve Governor Lisa Cook over a pair of mortgages, the latest in a ...
From @financialjuice|Aug 20, 2025|49 commentsTrump considering firing Fed's Cook for cause - WSJ *TRUMP TOLD AIDES HE'S CONSIDERING TRYING TO FIRE FED'S COOK:WSJ
From federalreserve.gov|Aug 20, 2025Thank you for inviting me to speak today on payments innovation. It is an exciting time to work in payments. While I have always been interested in the topic, I would have never imagined decades ago that payments would generate this amount of enthusiasm, where now some of the coolest jobs in tech are working in this area. The payment system is experiencing what I have called a "technology-driven revolution," where the latest advances in computing power, data processing, and distributed networks have fueled growth in innovative new payment services. This includes 24/7 instant payments, user-friendly digital wallets and mobile payment apps, and stablecoins and other digital assets. Alongside these new services sits enabling technology, such as artificial intelligence (AI), that has the potential to improve the precision and efficiency of the underlying payment products even further. While there has been a lot of excitement, and admittedly sometimes hype, around the possibilities of these new technologies, there have also been some who have been fearful or skeptical of innovation in this space. But we only have to look to history to see that the evolution of the payment system has long been a story of technological advancement. In any payment transaction, three things happen. First, an object is bought and paid for with another object. Second, there is a technology for conducting this transaction. Finally, there is a technology for recording the history of the transaction and ownership of the objects. For example, I can go to the grocery store and buy an apple and use a digital dollar in my checking account to pay for it. I tap my debit card on a card reader to conduct the transaction. Fed's Waller does not comment on monetary policy or economic outlook in prepared remarks to payments conference. Fed's Waller: The Fed is conducting research on tokenization and AI in payments.
