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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...
Goldman Sachs Warns of Liquidity Crisis in 2027 Amid Triple Pressure from the Federal Reserve, Treasury, and Congress
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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