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BIS Warns Stablecoins Are Breaking Capital Controls as Dollarization Accelerates

Key Takeaways BIS researchers Hofmann, Mehrotra and Paulick studied 130+ economies and stablecoin data from 184 countries since 2017. Capital controls cut bank dollarization by up to 32 percentage points but showed no effect on stablecoin inflows. Stablecoin market capitalization has nearly tripled since 2023, led by USDT and USDC. A Bank for International Settlements…

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Glow emerges from stealth at $1.2B valuation to challenge endpoint security in the AI era

Glow, a cybersecurity startup founded by former Meta and Snowflake executives, emerged from stealth as a unicorn, betting that artificial intelligence is reshaping how enterprises secure employee devices. The Palo Alto-headquartered startup on Wednesday said it raised $180 million in an all-equity Series A funding round that valued it at $1.2 billion, with backing from…

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The banks hired lawyers to stop Ripple’s bank

The lobby representing JPMorgan, Goldman Sachs, and Citigroup has retained counsel to challenge the regulator that approved crypto’s bank charters. No suit has been filed. The threat is doing the work, and the fight underneath it decides who gets to be a bank in America. Summary The Bank Policy Institute, whose board includes the CEOs…

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