The stablecoin market has skyrocketed to more than $200 billion, growing by nearly $40 billion since President Trump's victory, foreshadowing a possible rise in cryptocurrency prices in Quarter 1 2025.
UBS Global Wealth Management said the dollar's recent strength may not last after Mr. Trump won the US Presidential Election. Analysts said in a report that the dollar could weaken in the medium to long term. "Trump's proposed policies are expected to widen the twin deficits and reduce the long-term appeal of the dollar." They said Mr. Trump might not be able to deliver on his policies to boost the dollar and might seek lower yields and a weaker currency. At the same time, they said, markets wer...
Zhang Qijun, a first-level inspector of the Inclusive Finance Department of the State Administration of Financial Supervision, said that at present, the State Administration of Financial Supervision is focusing on promoting three key areas of work. First, focus on making up for the shortcomings of the system. "We are taking the lead in drafting local financial supervision and management regulations, and actively soliciting opinions from relevant departments to promote the introduction of the hig...