Goldilocks’ Comments and Global Economic News for Monday, August 28, 2023
Good morning,
Goldilocks posted comments and news links on the global financial system:
Zimbabwe’s President Mnangagwa re-elected for second term — Reuters
Hong Kong’s central bank issued HK$800 million worth of blockchain-based green bonds under a tokenization initiative launched in February called Project Evergreen. The project used distributed ledger technology (DLT) to issue and trade the digital bonds.
Stablecoins are making significant waves in the payments sphere, primarily as a vehicle for non-speculative transactions, according to a new report by European hedge fund Brevan Howard.
In 2022, the stablecoin market settled an eye-watering value of over $11 trillion, drawing parallels to payments giant Visa’s annual figure of $11.6 trillion and overshadowing the numbers posted by Paypal and Mastercard during the year.
Paypal processed a total volume of $1.4 trillion during the year, while Mastercard reported settling a total of $6.57 trillion.
https://cryptoslate.com/stablecoin-settlements-were-on-par-with-payments-giant-visa-during-2022/
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Rupee to inch up after Powell’s speech, key US data eyed
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XRP THE CALM BEFORE THE STORM 💥 SHOCKING U.S. NEWS 💥 THEY WANT US POOR & OUT!
https://youtu.be/KY2yjsA9N7U?feature=shared
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The Metal Market has been controlled so far. Inflation continues to rise higher, and countries around the world are beginning to drive the price of gold up at this point.
Look for these price pressures to force gold to decouple from the US Treasury and move into real values in the near term.
This catalyst along with the tokenization of assets being activated inside the new digital asset-based trading system will be indicators of new values being integrated across the markets.
© Goldilocks
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ALERT: Shares in troubled Chinese property giant Evergrande plummeted nearly 80 percent in Hong Kong on Monday after the end of a 17-month trading suspension
READ: https://insiderpaper.com/china-developer-evergrande-plunges-as-hong-kong-trading-resumes/
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Exchange regulation Bill to cover foreign banks
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