The report uses the ASEAN region and its corridors as an example, comprising Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam, which operates across a diverse set of 10 currencies and contributes 7% of global cross-border trade. Source
JPMorgan Report Says CBDCs Can Save Banks $100B a Year in Cross-Border Costs The report uses the ASEAN region and its corridors as an example, comprising Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam, which ope CryptoX Portal
Uniswap’s decentralized exchange reached a major milestone on Monday as cumulative trade volumes surpassed $100 billion in the wake of the decentralized finance boom. Hayden Adams, Uniswap’s CEO, tweeted Monday that the platform became the first decentralized exchange to process over $100 billion in transactions. Using data from Dune Analytics, Adams showed cumulative volumes of $101.5 billion as of Monday. The chart highlights Uniswap’s dramatic growth since mid-2020 when the first DeFi bull market began. @Uniswap just became the first decentralized trading platform to process over $100b in volume –…
All-time transaction volume on the Silvergate Exchange Network (SEN) has reached $100 billion, with SEN transactions correlated to bitcoin and stablecoin trading. The La Jolla, Calif.-based Silvergate Bank has seen a significant adoption of the payments platform, which is open 24/7 to offer fiat on-ramps for the crypto markets. For full-year 2019, the bank saw around $33 billion transacted on the network compared to $76 billion in the first nine months of this year, said Alan Lane, Silvergate’s CEO. (The bank did not track how much these volumes were affected…
Following the impressive Q2 revenue report and a bullish call from the Bank of America, AMD may become America’s next $100 billion chip company. Bank of America Corp (NYSE: BAC) believes that Advanced Micro Devices Inc (NASDAQ: AMD) may be on its way to becoming America’s next $100 billion chip company. The tech company has been trailing impressive runs bolstered by its profitable Q2 earnings released on July 28. The company’s CEO Dr. Lisa Su said in a statement: “We delivered strong second-quarter results, led by record notebook and server…