Batis Exchange
The Canadian dollar weakened on Friday, reaching a nine-day low against the U.S. dollar despite stronger-than-expected economic growth data, as investors questioned whether the GDP figures would alter the Bank of Canada’s near-term interest-rate plans.
Bitcoin appears to have moved further ahead of much of the cryptocurrency market in terms of regulatory acceptance, even as the U.S. CLARITY Act remains unfinished.
Gold prices dropped sharply on Friday, declining nearly 3% as investors increased expectations that the U.S. Federal Reserve could raise interest rates in September.
Stablecard essentially combines Western Union’s remittance network, a dollar-backed stablecoin wallet, and Visa spending capabilities into one product. Its main proposition is to let customers receive and hold dollar value digitally and then spend that value globally, particularly in markets where local currencies may be unstable.
