As markets continued to crater on Sunday, President Trump was content to continue hammering the benefits of his tariff policy rather than suggest reciprocal rates are the beginning of negotiations.
Stablecoins are being seen as a key tool to maintain the U.S. dollar's dominance in global markets, according to Bryan Pellegrino, CEO of LayerZero Labs.
European shares followed Asian markets lower, with Germany's DAX falling 6.5% to 19,311.29. In Paris, the CAC 40 shed 5.7% to 6,861.27, while Britain's FTSE 100 lost 4.5% to 7,694.00. The future for the S&P 500 lost 4.8% while that for the Dow Jones Industrial Average shed 4.1%.