BRICS’ new payment platforms, which offer alternatives to the U.S. dollar and euro, are attracting global attention, according to Russian Foreign Minister Sergey Lavrov. These
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Circle’s Euro-Pegged Token EURC Surpasses €50 Million Market Cap
EURC, a Euro-pegged stablecoin by Circle, the issuer of USDC, has reached a market cap of over €50 Million ($55.37 million). According to Patrick Hansen,
Read moreAnchored Coins warns of potential issues for AEUR amid FlowBank collapse
The stablecoin issuer said there was a risk of a “respective loss for the holders of AEUR tokens” due to FlowBank’s bankruptcy in June.
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$2.3 Billion in Dollar, Euro Bills Shipped to Russia Despite Ban
Despite Western restrictions imposed after Russia invaded Ukraine, billions of dollars and euros in banknotes have flowed into the country. This suggests that Russia has
Read moreDigital euro to be ‘most private electronic payment option’
Since the inception of the digital euro, many critics have called the proposed digital currency a surveillance tool.
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Euro’s Reserve Currency Status Threatened as Its Share of Foreign Reserves Holdings Drops
A report from the European Central Bank indicated that the euro’s share of foreign exchange reserves declined by one percentage point to 20% in 2023.
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