The US dollar has been the dominant global currency for decades, used in nearly 60% of foreign exchange reserves. However, its supremacy is being challenged due to geopolitical tensions and economic changes, prompting countries to seek alternatives. Sanctions against nations like Russia have led to increased use of cryptocurrencies, with some countries considering a shift ...
Grain is a new startup designed to help businesses of all sizes manage foreign exchange (FX) fluctuations more effectively. Launched in stealth mode, it has already processed over $1 billion in transactions and secured more than $50 million in funding. Grain’s innovative product simplifies FX hedging by using AI and FX derivatives, making it accessible ...
The growing use of stablecoins in cross-border payments is reshaping the foreign exchange landscape. According to Federal Reserve member Christopher Waller, stablecoin transactions, known as “stablecoin sandwiches,” can significantly speed up and reduce costs in international money transfers. As the $220 billion stablecoin Market expands, these digital currencies, primarily dollar-pegged, are streamlining payments beyond traditional ...
