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Perena
@perena
Grow Your Wealth with Stablecoins Structured Products | Tranching | Vaults | Self-Repaying Loans
Joined June 2024
231 Following    41.9K Followers
Last week in macro👀 What moved in rates and stablecoin regulation. 1️⃣ 94 of 100 economists in a Reuters poll expect the Fed to hold rates at 3.75%–4.00% on Wednesday. Almost all of them see a hike in December. 2️⃣ Long rates eased. The 10-year went from 5.15% on Monday to 5.00% on Friday. 2-year: 4.69%. 3-month: 4.22%. 3️⃣ The OCC published the first final US stablecoin rule under the GENIUS Act on October 21. It takes effect on January 18, 2027, for domestic and foreign issuers and for banks that hold stablecoin reserves. 4️⃣ JPM Coin is now live on Ethereum mainnet, next to Base. Institutional clients only. 5️⃣ HSBC's RedCoin, a Hong Kong dollar stablecoin, started rolling out to more than 3.3 million PayMe users on Friday. HK$80.58 million was in circulation on day one. Anything we missed this week?
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