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Major banks explore issuing stablecoin pegged to G7 currencies
A group of banks including Bank of America (BAC.N), , Citi (C.N), Deutsche Bank (DBKGn.DE), Goldman Sachs (GS.N), and UBS (UBSG.S), will work together to explore creating blockchain-based assets pegged to G7 currencies, the banks said on Friday. The project, which is in its early stages, will explore creating assets on public blockchains which are pegged 1:1 to real-world currencies - known as stablecoins. Various banks and other financial institutions have announced plans to look at launching stablecoins, as soaring crypto prices and U.S. President Donald Trump's support for the sector has sparked a revival of ... (full story)
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From podcasts.apple.com|Oct 10, 2025|5 commentspodcast Alf and Brent discuss the massive AI-driven rally which is beginning to have strong implications for broader markets and the economy. Brent presents the consensus view ...
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From youtube.com/cnbctelevision|Oct 10, 2025On today's episode of CNBC Crypto World, major cryptocurrencies fall to end the week as the government shutdown continues. Plus, Morgan Stanley broadens access to crypto ...
From economics.bmo.com|Oct 10, 2025|6 commentsWeek two into the federal government shutdown and the economic fog is thickening just as the Fed contemplates another quarter-point rate cut on October 29. We still await almost ...
From @realDonaldTrump|Oct 10, 2025|96 comments
It has just been learned that China has taken an extraordinarily aggressive position on Trade in sending an extremely hostile letter to the World, stating that they were going to, effective November 1st, 2025, impose large scale Export Controls on virtually every product they make, and some not even made by them. This affects ALL Countries, without exception, and was obviously a plan devised by them years ago. It is absolutely unheard of in International Trade, and a moral disgrace in dealing with other Nations.Based on the fact that China has taken this unprecedented position, and speaking only for the U.S.A., and not other Nations who were similarly threatened, starting November 1st, 2025 (or sooner, depending on any further actions or changes taken by China), the United States of America will impose a Tariff of 100% on China, over and above any Tariff that they are currently paying. Also on November 1st, we will impose Export Controls on any and all critical software.It is impossible to believe that China would have taken such an action, but they have, and the rest is History. Thank you for your attention to this matter!DONALD J. TRUMPPRESIDENT OF THE UNITED STATES OF AMERICA *TRUMP: US WILL IMPOSE 100% TARIFF ON CHINA STARTING NOV 1 *TRUMP: US TARIFF ACTION BASED ON CHINA'S EXPORT CONTROLS *US TO IMPOSE EXPORT CURBS ON CRITICAL SOFTWARE TO CHINA NOV 1
