News

BlockBeats News, November 13, according to The Block, Circle is expanding its brand-new Arc Layer 1 blockchain ecosystem by introducing two features to modernize the global foreign exchange market: a real-time on-chain FX engine and multi-currency stablecoin interoperability. On October 28, Circle launched a stablecoin-centric public testnet, attracting over 100 major participants from both traditional finance and the crypto sector, covering capital markets, banking, payments, and digital assets.

BlockBeats News, November 13 — Mounting pressure in the $12 trillion global bond market, a key source of daily financing for Wall Street, is prompting increasing calls for the Federal Reserve to take stronger measures to ease the strain. Companies including Bank of America and Barclays have warned that the Fed may need to take actions such as increasing lending in short-term markets or directly purchasing securities to inject liquidity into the banking system and alleviate the upward pressure on overnight rates. Gennadiy Goldberg, Head of US Rates Strategy at TD Securities, stated: “Given the recent stress, the Fed appears to be only gradually changing its balance sheet policy. Some investors believe the Fed’s actions may be too slow to prevent reserves from becoming scarce.” Although the Fed recently announced it would stop reducing its US Treasury holdings as of December 1, the pressure persists, and some are concerned that even the end of the government deadlock may not fully resolve the issue. (Golden Ten Data)