DollarBill (reviewed here) platform again publishes news from the global economic sector that are not directly related to the world of the HYIP industry, BUT related to the crypto industry, which in turn affects the work of many HYIP programs and the HYIP market as a whole.
Check out below:
Growth of Dollar Digital Currency Creates New Investment Opportunities for BusinessesSince its 2018 launch, USDC has functioned as a medium of exchange in blockchain-based and other digital use cases in which fiat dollars are unavailable. The dollar digital currency offers low-cost and nearly instant value transfer; building on that utility, USDC can now also serve as the principle for crypto lending via Circle Yield.Circle Yield offers an alternative to other fixed-income strategies. Investments in Circle Yield are made and paid in USDC, thus avoiding the complexity often found in typical crypto-based investments, but still offer interest returns well above those found in many low-risk corporate bonds or money market accounts. USDC, in turn, is fully backed by cash and equivalents and short-duration U.S. Treasuries, and attestation reports are published monthly by the Grant Thornton accounting firm regarding the reserve balances.If the Fed wanted to stop inflation, it would need to hike rates to nearly 6%: expertInteractive Brokers founder Thomas Peterffy says he is worried about the higher interest rates coming soon from a Federal Reserve behind the curve on inflation.“I am worried about high interest rates because the Fed is talking about raising rates to 1% or even 2%. Inflation is 7% — 1% or 2% doesn’t mean anything. If they really wanted to stop inflation, they would have to raise rates to 4%, 5%, 6%,” Peterffy said on Yahoo Finance Live.Peterffy thinks the Fed wouldn’t go that high on rates (yet) as it would add new deficit spending as servicing costs on the country’s ballooning debt would rise. More money would then likely circulate into the economy, and put more upward pressure on inflation, Peterffy reasons.
Check other news for today and Please stand by..
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