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Stablecoins are pegged to real-world assets, such as the U.S. dollar, and therefore fluctuate much less than other crypto assets like bitcoin. Speaking at a Bank for International Settlements event in Mexico City, Galipolo said policymakers see this trend as primarily driven by the use of cryptocurrencies as a means of payment, posing challenges for oversight and regulation. He also argued that Brazil's Drex is not fundamentally a central bank digital currency but rather an infrastructure aimed at improving credit with collateralized assets, in a context where local financing costs are high due to the limited use of guarantees.

Dogecoin whales have accumulated 750 million DOGE amid a market dip, signaling strong confidence in a potential rally.

Hilton shares hit a record high Thursday as executives said the hotel chain has seen an uptick in business demand.

Roblox shares swooned Thursday after the online game platform reported fewer-than-expected users during the fourth quarter.

The Trump administration's emerging focus on long-term Treasury bond yields may show growing sensitivity to market constraints that could impede President Donald Trump's economic plans, while also getting the Federal Reserve out of his direct line of fire. Yields on 10-year Treasury notes, influential in determining borrowing costs for everything from the $12.6 trillion U.S. mortgage market to $5.8 trillion in bank lending to businesses as well as the government's own interest bill, are up more than three-quarters of a percentage point even as the Fed has cut its short-term interest rate by a full percentage point since September. Fed officials, noting the anomaly and saying it's not something they have much control over, have offered a number of reasons for that divergence: From concerns about high U.S. government deficits, to lingering above-target inflation, to a global reset of post-pandemic financial conditions.

A full-employment economy with solid growth and falling inflation will let the U.S. Federal Reserve continue cutting interest rates, though uncertainty about the impact of tariffs and other policy changes argues for a slower approach, Chicago Fed President Austan Goolsbee said on Thursday. Ahead of key jobs data to be released on Friday, Goolsbee said he was increasingly confident that the U.S. economy had "settled in" at around full employment, with less risk that tight Fed monetary policy would lead to a rising unemployment rate.

LONDON (Reuters) -The Bank of England cut interest rates by a quarter-point and some policymakers wanted a bigger move to offset a slowdown, but the BoE said it would be careful about further moves in the face of an expected inflation spike and global economic uncertainty. The BoE halved its 2025 growth outlook - a blow for finance minister Rachel Reeves who is pushing to speed up the economy - and said inflation would be almost double its 2% target this year. Governor Andrew Bailey said he thought that would prove to be a "bump in the road" before inflation falls back.