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U.S. monetary policy, combined with the use of economic sanctions, have forced some countries to look for alternatives to the dollar, while growth of stablecoins may have emphasized the need of the fiat currency, the bank said.

Bitcoin has rebounded above $43,000 mark, as analysts highlight the increased possibility of a Fed rate pause at the end of January. 

Howard Lutnick, CEO of Cantor Fitzgerald, said Tether has the funds it claims in its reserves. Cantor is a Tether custodian.

Larry Fink has been talking up a spot ether ETF, but index provider CF Benchmarks sees a conundrum when it comes to selling that product.

Ether has gained nearly 2% in the past 24 hours, coinciding with a multi-year high in the number of transactions on Ethereum.

The news sent bitcoin tumbling early Tuesday, but the price quickly recovered.

Republican candidate Vivek Ramaswamy, who had garnered some support from crypto executives, is out of the race. 

Chainlink has integrated Circle’s cross-chain transfer protocol with its CCIP system — aiming to securely move USDC across networks.

The startup’s DIMO network is a decentralized car data protocol, and its companion app allows users to view their car data and earn token rewards. 

The integration allows developers to build cross-chain use cases via Chainlink’s CCIP that involve multichain transfers of Circle’s USDC stablecoin.