Canada’s six largest banks explore tokenized Canadian dollar deposits
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World Cup Schedule: South Africa vs. Canada kicks off in six hours; an address with a profit of $2.12 million bet $140,000 on a Canadian victory.
PPP provides an update on the upcoming schedule: South Africa vs. Canada will start in six hours. The recommended bet is to buy $140,000 worth of tickets to a Canadian victory from an address with a profit of $2.12 million. A $210,000 loss over three weeks, followed by a $200,000 purchase at a new address, will not result in a break-even situation; With a total profit of $760,000, a whale bought $50,000 worth of shares, resulting in a tie.
Binance bStocks pass xStocks as second-largest tokenized stock issuer
Binance bStocks became the second-largest tokenized stock issuer less than two months after launch, narrowly ahead of Kraken’s xStocks.
Survey: $29 trillion in sovereign funds shift to energy and physical assets; 60% of central banks worry that US Treasury bonds are eroding the dollar's status.
According to Mars Finance, a recent Invesco survey released on June 29th shows that sovereign investors, covering 90 sovereign wealth funds and 54 central banks, managing a total of $29 trillion in assets, are systematically restructuring their portfolios, shifting their focus to energy and physical assets. Approximately 80% of surveyed institutions believe that energy security and energy transition infrastructure are the top priorities for enhancing portfolio resilience, with infrastructure assets now accounting for 9% of their portfolios. The high energy consumption of AI has further boosted the attractiveness of energy assets. Regarding the dollar's credit crisis, 61% of surveyed central banks believe that US debt levels are weakening the dollar's long-term reserve status, a significant jump from 20% in 2024; 29% expect the dollar's reserve currency status to weaken within five years, up from 12% in 2022. Some institutions have begun to reduce their reliance on US custodians and clearing systems; one European Central Bank has completed the replacement of its US custodian, while a Latin American central bank has admitted to establishing non-US custodian relationships for "extreme situations." Furthermore, about one-third of surveyed institutions plan to increase their gold reserves. Invesco's research director pointed out that "resilience is turning from a bonus into a necessity."
61% of central banks believe that the level of US debt affects the dollar's reserve status.
According to ChainCatcher, citing Jinshi, a survey by Invesco shows that 61% of central banks believe that the level of US debt has a negative impact on the long-term status of the US dollar as a reserve asset.
The US dollar is expected to break out of its six-to-nine-month range and may strengthen in the short term.
According to ChainCatcher, citing Jinshi, Neuberger portfolio manager Joseph Purtell stated that in the short term, the US dollar is likely to remain strong due to rising US real interest rates. He believes the dollar is poised to break out of its six- to nine-month range, but added that in the long term, considering structural issues such as the fiscal sustainability of the US government, the dollar may weaken.
Goldman Sachs, BofA Among 21 Banks Planning Joint Dollar Stablecoin Launch
The bank-led consortium wants a U.S. dollar token live by the first half of 2027, with a euro version queued up next.