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Top Kitco NEWS News

US consumer confidence slumps in January to a level last seen in 2014 — FREDERIC J. BROWN/AFP via Getty Images via Getty Images

US Economy · United States

US consumer confidence slumps in January to a level last seen in 2014

57% Center coverage: 73 sources

Tether CEO aims to allocate up to 15% of its portfolio to gold

Central Bank · Germany

Tether CEO aims to allocate up to 15% of its portfolio to gold

45% Center coverage: 9 sources

Tether plans to allocate 10 to 15 per cent of its investment portfolio to physical gold, the crypto group’s CEO Paolo Ardoino said, adding to the bullion which it says already backs some of its products.See the Story

US Banks May Lose $500 Billion to Stablecoins by 2028, Standard Chartered Warns

Mining · United States

US Banks May Lose $500 Billion to Stablecoins by 2028, Standard Chartered Warns

100% Center coverage: 2 sources

By Hannah Lang Jan 27 (Reuters) – U.S. dollar-backed crypto tokens known as stablecoins could pull around $500 billion in deposits out of U.S. banks by the end of 2028, Standard Chartered estimated on Tuesday – new analysis ‍that could intensify a fight between banks and crypto companies over legislation to set rules for the digital asset sector. Regional U.S. banks would be most exposed to a loss in deposits due to stablecoins, said Geoff Kendr…See the Story

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