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RT @Neuralithic: This is just the regular banking system with extra steps. Crypto... Linked to a bank... American express. What does decen…

President Donald Trump said Thursday he has no plans to fire Federal Reserve Chair Jerome Powell, despite mounting frustration with the central bank’s pace on interest rate cuts. Speaking at a White House event, Trump stated, “I’m not going to fire him,” while questioning why such a move would be seen as controversial. “The fake news is saying, ‘Oh, if you fired him, it would be so bad.’ I don’t know why it would be so bad.” Trump has repeatedly criticized Powell for being slow to lower interest rates, referring to him as “Too Late” and blaming the current rate environment for increasing federal borrowing costs. Powell’s term as Fed chair is set to expire in May 2026. “We’re going out to financing, and I may have to force something,” Trump added, suggesting he might apply pressure on the Fed if rate cuts do not materialize soon. He also noted he isn’t opposed to rate hikes if inflation rises, but believes now is the time to ease. Trump also hinted that a decision on his nominee for the next Fed chair could come soon, following earlier comments that an announcement was imminent. Despite the sharp critique, he stopped short of saying he would replace Powell, calling him a “numbskull” but reiterating, “I’m not going to fire him.” The president also voiced concern about rising oil prices, underscoring broader economic pressures as he heads into the final months of his re-election campaign.

The stablecoin market has surged to an unprecedented $228 billion, according to new research, a record high driven by a wave of adoption from major global banks and Fortune 500 companies who are increasingly turning to digital dollars for their efficiency and speed. This marks a $33 billion, or 17%, increase in the total stablecoin market cap since the start of 2025. According to Leon Waidmann, Head of Research at Onchain Foundation, this growth shows that the current market cycle “is far from over.” The milestone comes as Bitcoin hovers just below its all-time high, briefly touching $110,000 before retracing to $107,000. The use of stablecoins in traditional finance is also spreading with Societe Generale , France’s third-largest bank, announcing its plans to issue a publicly tradable dollar-backed stablecoin named USD CoinVertible via its digital asset unit, SG-FORGE. This makes SocGen the first major global bank to enter the stablecoin arena in a public and regulated capacity. The token will be launched on Ethereum and Solana, with trading expected to begin in July. Meanwhile, in the United States, US Bancorp has revived its crypto custody business under the pro-crypto Donald Trump administration. CEO Gunjan Kedia stated that the product had stagnated under the Biden-era regulatory clampdown, but with Trump unwinding much of the SEC’s past crypto enforcement, institutional demand is making a comeback. Related: Chainlink Facilitates Secure Exchange of Hong Kong CBDC and Australian Stablecoin Additionally, in Asia, Ant Group, a financial giant affiliated with Alibaba, is seeking stablecoin licenses in Singapore, Hong Kong, and Luxembourg. Bloomberg reports this is part of a broader strategy to strengthen its blockchain business, marking one of the most aggressive expansions into stablecoin services by a Chinese company. The appeal of stablecoins isn’t limited to financial institutions or crypto natives. A new Coinbase report reveals that interest in stablecoins among Fortune 500 companies has more than tripled in the past year–from 8% in 2024 to 29% in 2025. Executives cited slow transaction speeds and high fees in traditional banking systems as driving factors. Related: Bitcoin Rally Faces Headwinds as Matrixport Report Points to Weakening U.S. Economy Even smaller firms are getting on board. Among small and medium businesses (SMBs) surveyed, 81% expressed interest in using stablecoins, up from 61% last year. Additionally, 46% said they are likely to use crypto within the next three years, underscoring stablecoins’ growing role as a bridge between traditional finance and the digital economy. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

RT @sadbryce: $30M Series B in the bank means TURNKEY IS HIRING. Who are the best... • Product managers (NYC) • Staff+ engineers (remote…

RT @antoniogm: THEY PUT THE BITCOIN GENESIS BLOCK ON THE COINBASE AMEX CARD (Including the snarky anti-bank Easter egg)