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The U.S. and the U.K. Plan to Explore the Use of Stablecoins in Cross-Border Finance
Svmuu News: In a joint statement issued by the U.S. and U.K. governments as part of the Transatlantic Financial Markets Working Group, the two sides announced plans to explore the use of stablecoins in cross-border finance to modernize financial infrastructure. The two governments stated that regulated stablecoins have the potential to enhance the efficiency and competitiveness of the financial system, drive upgrades to financial market infrastructure, and improve the efficiency of cross-border payments and transactions.
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24H Trending
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1
Samsung Electronics fell 4.31% from its previous close, now trading at ₩222,000.
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2
Tether, Circle, Ripple, and other stablecoin issuers have frozen over $2.6 billion in assets linked to suspected security breaches at Binance.
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3
The Nikkei 225 index is down 2.72% from its previous close, currently at 62,903.43.
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Binance hacker finishes dumping UNI, ENA, PEPE, LINK, AAVE, ONDO, WLD for 70,480 ETH ($158.25M)
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ETH inter-exchange spread reaches 1.11%
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Lookonchain: Binance hackers are selling PEPE, UNI, LINK, and other tokens, still holding over $150 million worth of various altcoins.
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SK Hynix is down 5.9% from its previous close, now trading at ₩1,436,000.
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Taiwan's TAIEX fell 2.68% from its previous close, currently at 45,125.33.
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South Korea's KOSPI index is down 4.77% from its previous close, currently at 5,654.61.
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CNBC analysis suggests that Intel's stock may continue to fall after its significant decline, but selling now would not recover losses.
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