The growth of stablecoins comes with the risk of financial ecosystem collapse. Alternatives to dollar-backed stablecoins are growing, with Tether and Circle’s share threatened. The market capitalization of stablecoins has surged to over $230 billion, increasing by 90% since late 2023. Using stablecoin for international transactions has strengthened the US dollar as the dominant global […]

Billionaire venture capitalist Chamath Palihapitiya says stablecoins are now solidifying the US dollar’s position as the world’s most dominant currency. In a new post on the online writing platform Substack, Palihapitiya cites Federal Reserve data to show that the US dollar has soared to its highest level in four decades. According to the billionaire, a […]

US President Donald Trump’s trade war with China and efforts to ramp up on-shore Bitcoin mining will be a boon for US mining rig manufacturers, which currently only hold a small sliver of market share compared to their major Chinese counterparts. The United States accounts for over 40% of the Bitcoin network’s global hashrate but still […]