MoneyGram stopped using Ripple's XRP-based On-Demand Liquidity service in 2021 amid regulatory concerns and legal issues involving Ripple. Recently, MoneyGram launched MGUSD, its own dollar-pegged stablecoin on the Stellar blockchain, aiming to integrate digital dollars with its vast cash remittance network. This move reflects a broader industry trend where payment firms prefer issuing their own stablecoins to capture yield and control, reducing reliance on volatile bridge tokens like XRP. While MoneyGram's shift is symbolically significant for XRP's narrative, it causes minimal direct loss since the partnership ended years ago, highlighting a structural shift in cross-border payments toward proprietary stablecoins rather than third-party bridge tokens.
National Beverage faces stagnant growth as LaCroix volumes have declined for four straight years, reducing brand excitement. The stock trades at reasonable multiples reflecting muted growth and no clear catalysts for upside. Despite stable gross marg...
Arthur Hayes reversed his crypto strategy by purchasing over $3.7 million worth of Ethereum after selling 6,000 ETH at a loss of about $606,000 just weeks prior. This move follows his pattern of bold crypto trades and quick exits, which have drawn cr...
A bitcoin wallet that had been inactive since 2017 moved its entire holding of 5,908 BTC, now worth about $383 million, to a new, unidentified address. The coins were originally bought near bitcoin's 2017 peak at around $16,000 each and have gained r...
Zcash (ZEC) is approaching the $600 mark after breaking out of a multi-week consolidation, showing strong bullish momentum. The price has surpassed key moving averages and resistance levels, supported by healthy trading volume and positive technical ...
The US will impose a 25% tariff on most imports from Brazil starting July 22, following a yearlong investigation into alleged unfair trade practices by Brazil. The tariffs target issues such as Brazil's demands on US tech firms to remove political co...
