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Airwallex founder Jack Zhang once asserted on X that "for 15 years, cryptocurrencies have not solved any real-world problems"; now the company is launching the Alta chain and creating its own stablecoin settlement. This article outlines this shift and the battle among payment companies for the settl...
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Goldman Sachs warns that the ratio of reserves to bank assets has fallen to about 11%, just above the low point during the 2019 crisis. In the second half of 2027, the deadlock in debt ceiling negotiations will force the Treasury to rebuild the TGA, triggering a "perfect storm" of plummeting reserve...
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