Money Market Funds
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Introduction
According to reports, Ondo Finance, a decentralized platform created by two former partners of Goldman Sachs Group, is launching a new product that will use money market funds to i
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Introducing Ondo Finance’s latest offering: OMMF, a US dollar-pegged stablecoin based on money market funds (MMFs)
On April 14th, it was announced that the DeFi agreement, Ondo Finance, will officially launch the US dollar stable currency OMMF based on money market funds (MMFs). Investors will
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Cryptocurrency is not the culprit for banks’ bankruptcy; it’s the Federal Reserve
According to reports, Cathie Wood, founder of ARK Invest, stated on Twitter that cryptocurrency had not led to the bankruptcy of Silicon Valley banks and Signature, and that the “culprit” was the Federal Reserve. Due to the shortage of venture capital funds and the high yield of money market funds, deposits have left the US banking system. Cathie Wood believes that regulators use cryptocurrency as a scapegoat for their regulatory failures in traditional banking. Cathie Wood: The Federal Reserve is the “culprit” in the bankruptcy of Silicon Valley banks and Signature Analysis based on this information:Cathie Wood, the founder of ARK Invest, is renowned for her work as an investor in disruptive technologies and cutting-edge breakthroughs in the finance sector. In a recent post on Twitter, she stated that while cryptocurrency has been blamed for the bankruptcy of Silicon Valley banks and Signature, the Federal Reserve is the real culprit. Apparently, the shortage of venture capital funds and the high…
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RBI To Expand Use Cases for Central Bank Digital Currency
It is reported that the Reserve Bank of India (RBI) shared the evolution of the Central Bank\’s wholesale trial of digital currency (CBDC), which began on Novem…
