TRM Labs Research Report: Stablecoin Usage in Venezuela to Continue to Grow Due to Factors Such as Currency Depreciation

The post UK inflation stays high, potentially pausing interest rate hikes appeared on BitcoinEthereumNews.com. Key Takeaways UK inflation remains significantly above the Bank of England’s 2% target. Persistent inflation may prompt the central bank to pause further interest rate hikes. UK inflation remains nearly double the Bank of England’s target as policymakers prepare for a likely pause in interest rate increases. The persistent elevated inflation reading comes as the central bank weighs whether to halt its series of rate hikes that have been implemented to combat rising prices across the economy. The inflation rate continues to run well above the Bank of England’s 2% target, presenting ongoing challenges for monetary policy officials who have been raising borrowing costs to bring price pressures under control. Source: https://cryptobriefing.com/uk-inflation-pause-interest-rate-hikes/

The post Ondo Finance launches USDY yieldcoin on Stellar network appeared on BitcoinEthereumNews.com. Key Takeaways Ondo Finance has launched its USDY yieldcoin on the Stellar blockchain network. USDY is Ondo’s flagship yieldcoin focused on real-world asset expansion. Ondo Finance launched its USDY yieldcoin on the Stellar blockchain network today. USDY is described as Ondo’s flagship yieldcoin and represents the company’s expansion of real-world assets onto the Stellar platform. The launch aims to provide yield access across global economies through Stellar’s international network infrastructure. The deployment connects traditional finance with blockchain-based solutions by bringing real-world asset exposure to Stellar’s ecosystem. Ondo Finance positions the move as part of efforts to broaden access to yield-generating opportunities worldwide. Source: https://cryptobriefing.com/ondo-finance-usdy-yieldcoin-stellar-launch/

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