Waller: Stablecoin just a promise to 'get your dollar back;' it opens up a new set of payment rails which can be more efficient

Earlier this week, Aleo’s non-profit Foundation announced that it had joined the Paxos-backed Global Dollar Network (GDN), an ecosystem built around USDG, a fully regulated U.S. dollar stablecoin issued by Paxos and backed by major partners including Anchorage Digital, Kraken, Mastercard, Paxos, Robinhood, Worldpay, and others. The Aleo Foundation plans on ...

White House on Fed's Cook: Trump exercised his lawful authority. White House: Trump found there was cause to remove Fed's Cook. White House States That Lisa Cook Has Been "Credibly Accused Of Lying"

Federal Reserve governor Christopher Waller on Thursday said he now supports a series of interest-rate cuts beginning in September, with the pace of subsequent moves driven by the incoming data. Waller had urged the Fed to cut rates at its last meeting in July, and he said he is more sure now that it was the right call. "Let's get on with it," Waller said ...