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Cryptocurrency News Articles
Stablecoins Could Stave Off the U.S. Debt Crisis, Former House Speaker Paul Ryan Argues
Nov 15, 2024 at 08:05 pm
Ryan argues that America's $35.46 trillion and rising debt threatens the U.S. dollar's status as a global reserve currency. Stablecoins could delay the crisis as they emerge as purchases of U.S. debt.
Former House Speaker Paul Ryan recently penned an op-ed in the Wall Street Journal, arguing that America’s $35.46 trillion and rising debt could threaten the U.S. dollar’s status as a global reserve currency.
However, a lesser-known aspect of this debt is its role in propping up the U.S. economy by allowing the government to borrow cheaply and maintain its economic influence.
With dwindling foreign interest, such as China’s reduction in America’s debt holdings, and the upcoming U.S. presidential election, could stablecoins be a potential alternative to stabilize the situation?
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- Dogecoin (DOGE) Price Correction May Not Be Over Yet, Analyst Says the Market Could Retrace to the $0.30-$0.26 Range
- Nov 16, 2024 at 12:15 am
- Dogecoin (DOGE) has recently experienced a staggering rally. Over the span of eight days, DOGE surged nearly 200%, reaching a local peak at $0.4385 on Tuesday.
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- UK Government Moves to Establish Regulatory Approach for Cryptocurrency Sector
- Nov 16, 2024 at 12:15 am
- This initiative follows the election victory of Donald Trump in the United States, a development that has stirred enthusiasm within the crypto industry due to his promises of favorable regulations.
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- VanEck CEO Boldly Predicts Bitcoin (BTC) Will Skyrocket To $300K, Reaching Half Of Gold's Market Cap In The Face Of Growing Demand
- Nov 16, 2024 at 12:15 am
- Bitcoin could skyrocket to $300,000 within five to 10 years. This optimistic projection rests on Bitcoin's ability to capture a substantial share of the gold market – a market long valued as a hedge against inflation.
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- Top New Crypto to Buy Now – November 2024
- Nov 16, 2024 at 12:15 am
- The driving factor in the cryptocurrency market right now is new tokens with unique features and rapid growth potential. A few tokens are particularly promising as we enter the last quarter of 2024, especially early-stage investments, which offer a chance for investors to benefit from price surges as these projects gain recognition.
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