December BoE rate cut looks underpriced – ING

The Federal Reserve governor argued that stablecoins' increasing demand for dollar-tied assets such as Treasuries will force monetary policy decisions.

The post AUD/USD recovers early losses as US Dollar struggles to extend upside appeared on BitcoinEthereumNews.com. AUD/USD recovers its early losses as the US Dollar’s upside move seems to peak out. Investors await the Fed Powell’s speech for fresh cues on the monetary policy outlook. Australia’s Monthly CPI is expectedly to have risen steadily by 2.8%. The AUD/USD pair claws back its early losses and rebounds to near 0.6590 during the European trading session on Monday. The Aussie pair bounces back as the US Dollar (USD) struggles to extend its three-day winning streak, with investors awaiting Federal Reserve (Fed) Chair Jerome Powell’s speech on Tuesday. The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades marginally lower to near 97.55. The US Dollar traded firmly in the last few days, following the monetary policy announcement by the Fed on Wednesday, in which it reduced interest rates by 25 basis points (bps) to 4.00%-25%. The Fed also signaled two more interest rate cuts in the remainder of the year. On Tuesday, investors will focus on Fed Powell’s speech to get more cues on the monetary policy meeting. Market participants would also like to know about whether the Fed will continue reducing interest rates even as inflationary pressures remain well above the central bank’s target of 2%. Meanwhile, the next trigger for the Australian Dollar (AUD) will be the Monthly Consumer Price Index (CPI) data for August, which will be published on Wednesday. The inflation data is expected to have grown steadily at an annual pace of 2.8%. Signs of inflationary pressures remaining persistent could restrict the Reserve Bank of Australia (RBA) from reduce interest rates further. US Dollar FAQs The US Dollar (USD) is the official currency of the United States of America, and the ‘de facto’ currency of a significant number of other countries where it is found in circulation alongside…

Ondo Finance, a U.S.-based digital asset firm specializing in bringing traditional financial products on-chain through tokenization, is expanding its yieldcoin USDY to the Stellar network. This lates update marks a step forward in merging tokenized real-world assets with a global payments infrastructure, unlocking new opportunities for users worldwide. The announcement was made at the Stellar Meridian event in Copacabana, Rio de Janeiro, on September 17. USDY Joins the Stellar Ecosystem Ondo Finance, a recognized leader in tokenized real-world assets, announced the deployment of United States Dollar Yield (USDY) on Stellar, the payments-focused blockchain known for speed and low transaction costs. USDY is the most widely available “yieldcoin,” offering investors access to onchain assets backed by U.S. Treasuries. This launch allows Stellar’s global user base to tap into permissionless, yield-bearing assets tied to one of the safest financial instruments in the world. It also aligns with Stellar’s mission of driving fast, affordable cross-border payments. Combining Yield with Payments Infrastructure “Stablecoins unlocked global access to the U.S. dollar. With USDY, we’re taking the next step by bringing U.S. Treasuries onchain in a form that combines stability, liquidity, and yield,” said Ian De Bode, Chief Strategy Officer at Ondo Finance. “Fast, affordable cross-border payments are at the center of what Stellar was designed to do. The global reach of the Stellar ecosystem combined with a yield-bearing asset like USDY levels up what is possible onchain, allowing wallets and businesses to offer yield opportunities to their users,” said Denelle Dixon, CEO of the Stellar Development Foundation. Ondo claims by pairing USDY with Stellar’s infrastructure, new possibilities open up in treasury management, collateralization, and everyday financial applications. Unlocking Institutional and Retail Use Cases USDY currently manages over $650 million in total value locked (TVL) across nine blockchains and offers a 5.3% APY. By launching on Stellar, Ondo Finance extends these benefits to global retail and institutional users. The firm explains balances on Stellar can now become productive, supporting use cases such as onchain savings, institutional treasury strategies, cost-efficient collateral for DeFi protocols, and remittance flows that carry yield rather than remaining static. A Milestone for Tokenized Treasuries With the integration of USDY, Stellar users gain more than just access to stable-value assets—they gain access to institutional-grade yield. For investors outside the U.S., the launch represents a new way to combine the safety of Treasuries with the accessibility of blockchain technology. As tokenization accelerates globally, Ondo Finance’s decision to deploy USDY on Stellar reinforces the narrative that blockchain is not just about speculation, but about reimagining the global financial system through secure, yield-bearing digital assets