Stablecoins do offset. They can extend lifespan.It's possible that most local fiats collapse against USD, while USD then collapses against BTC.Like most local papers collapsing against NYT, and NYT then collapsing against social media.https://t.co/rhUCQ0tx3fFlorent (@FloB_Safe):@balajis How can the dollars lose the dominance while US stablecoins are being spread across the planet ? ...

Summary of Key Points from the Conference Call Industry Overview - The conference call primarily discusses the **Emerging Markets (EM)** and **Global Fixed Income** strategies, with a focus on the **USD** and its impact on EM local markets. Core Insights and Arguments 1. **USD Rebound and EM Markets** - The USD experienced a modest rebound in July, influenced by resilient macro data and policy uncertainty, leading to a neutral positioning in DXY [1][9][12] - EM local markets are expected to regain stability as the medium-term trend of duration and FX gains reasserts itself [1][9] 2. **Investor Positioning and Market Dynamics** - Resilient US data has pressured EM local markets, creating favorable entry points for adding EM exposure [9] - DXY positioning is neutral, with elevated US policy uncertainty suggesting medium-term risks tilted towards USD downside [9][25] 3. **Performance During UST Bear Flattening** - Historical performance during UST bear flattening shows diverse returns for EM local markets, ranging from -8% to +10% [9][50] - Weak commodity prices during bear flattening periods typically lead to lower returns for EM local markets [9][50] 4. **Inflation and Economic Outlook** - The US economy is anticipated to slow following a tariff-induced inflation bump, which could extend the period of economic weakness and deepen the easing cycle in 2026 [25] - Policy uncertainty in the US remains high, with potential impacts on monetary policy and USD strength [25] 5. **Regional Insights** - **Panama**: Despite strong performance, fundamental progress is lacking, leading to potential negative catalysts ahead [10][68] - **Brazil (BRL)**: Expected to perform well due to a hawkish tone from the central bank, with a window for a rally likely open until August [73] - **Chile (CLP)**: Strong fundamentals but potential volatility due to upcoming elections; the currency is expected to be sensitive to voter surveys [73] 6. **Credit Strategy and Recommendations** - EM sovereign credit strategies suggest a preference for high-yielding bonds, with a focus on countries like Guatemala, Dominican Republic, and Costa Rica for potential upgrades [59][60] - Recommendations include selling Panama bonds and maintaining a cautious stance on Colombia due to unattractive valuations [73] Other Important Insights - The **2025 Extel Global Fixed Income Poll** is open for participation, emphasizing the importance of investor feedback on the research provided [3][9] - The analysis of GBI-EM index performance during UST bear flattening indicates that negative returns are often driven by FX components, while positive returns are supported by both FX and duration & carry [28][50] - The relationship between EM local performance and commodity prices is stronger during periods of negative returns, suggesting a need for careful monitoring of commodity market dynamics [40][41] This summary encapsulates the key points discussed in the conference call, providing insights into the current state and future outlook of the EM and Global Fixed Income markets.

RT Kyle Samani (@KyleSamani)At ~2:30 EDT today, President @realDonaldTrump will sign @SenatorHagerty 's GENIUS Act into lawWe @multicoincap - particularly our General Counsel @xethalis - have been working with dozens of lawmakers and their staff over the last year to get to this point.I'm honored to be invited to the Whitehouse today to join the President, @DavidSacks , @BoHines and so many others for this monumental occasionThis is the most consequential financial legislation since Dodd Frank. GENIUS will ...

RT Ignas | DeFi (@DefiIgnas)I love bitcoiners because they know how to dream BIG.Reached 100k -> Next is $1M USD. Replacing USD, becoming a strategic reserve. World currency.Outrageous. Crazy. BTC would trade at par with gold at 1M USD.Ethereans forgot how to dream. All your ETH targets are too small ...

For contextThe value of Bitcoin is outpacing the value of a dollarEven tho bitcoin is not all time high yet in USD terms.This genuinely just makes me want to buy so much more bitcoin.Easy (@EasyEatsBodega):BTC against the Dollar is JUST under all time high.All time high against the dollar was made in May.The decoupling of Bitcoin against the dollar is happening in real time. https://t.co/0Q2RnfK7RA ...

RT CoinDesk Podcast Network (@CoinDeskPodcast)📊 USD hits a 3-year low as Trump considers naming the next Fed chair early.Will Trump remove Powell before July? Who will be the next successor?Let us know in the comments 👇@jennsanasie brings you 'Chart of the Day,' presented by @cryptocom. 🔗👇 https://t.co/afmx88zGCF ...