Tag: ANZ Bank

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Strong US Dollar Posts 5-Week High, Markets Price in a 75 bps Fed Rate Hike for June

May 6, 2022

While precious metals, stocks, and cryptocurrencies saw a significant downturn this week, the U.S. dollar tapped a 20-year high against the Japanese yen and a number of other currencies. The greenback has seen five weeks of consecutive gains following the Federal Reserve’s 50 basis point rate hike on Wednesday. Greenback Climbs Higher Amid Economic Uncertainty…
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A$DC rocks the Aussie dollar as ANZ bank mints first AUD stablecoin

March 24, 2022

“Most of the industry utilizes non-bank and often unregulated USD stablecoins. Now with this Big 4 bank-issued AUD stablecoin, the use case is a lot more compelling,” said ZeroCap CEO Ryan McCall. Big 4 bank ANZ has become the first Australian bank to mint an Australia dollar (AUD) pegged stablecoin named “A$DC.” But rival bank…
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