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Treasury Secretary Scott Bessent has suggested that the Federal Reserve should consider a larger fee rate cut at its September meeting. Bessent Links Soft Inflation Data to Bigger Fee Rate Cut in September According to a Bloomberg report, Bessent said the central bank ought to be open to a 50 basis-point fee rate cut after
The post Fed Should Consider 50 BPS September Rate Cut, Scott Bessent Says appeared first on CoinGape.
The post China’s Big Tech Wants Yuan Stablecoin to Break USDT’s Lead appeared first on Coinpedia Fintech News
Two of China’s biggest tech firms, JD.com and Alibaba’s Ant Group, are urging the country’s central bank to allow a yuan-based stablecoin to launch in Hong Kong, sources told Reuters.
The goal? Push back against the rising dominance of U.S. dollar stablecoins like USDT and bring the Chinese yuan into the digital payments race.
Things are heating up. Read on to know more.
JD.com and Ant Group are reportedly in talks with the People’s Bank of China (PBOC), calling for the approval of a yuan-pegged stablecoin outside the mainland. Both companies already have plans to issue HKD-backed stablecoins once Hong Kong’s new crypto rules kick in on August 1.
But they say that’s not enough. Since the Hong Kong dollar is tied to the U.S. dollar, it does little to promote the yuan internationally, something Beijing has been aiming for over the last decade.
JD.com has made it clear in closed-door discussions that an offshore yuan stablecoin is needed urgently to support the currency’s global use, especially as dollar-backed digital assets continue to dominate.
There’s no denying it: the dollar is miles ahead in the stablecoin space. According to the Bank for International Settlements, over 99% of all stablecoins in circulation are backed by the U.S. dollar.
Chinese exporters are already shifting toward USDT for international payments, sidestepping currency risk and capital controls. Hong Kong-based OTC exchange Crypto HK said USDT trading volumes among Chinese clients have jumped five times since 2021.
“The global expansion of U.S. dollar stablecoins is posing fresh challenges to yuan internationalisation,” said Wang Yongli, former vice head of the Bank of China.
China has been clear about its long-term goal – to make the yuan a strong global currency like the dollar or euro. But capital controls, policy roadblocks, and its ban on crypto in 2021 have held it back.
Now, the numbers are starting to reflect that. The yuan’s share in global payments fell to 2.89% in May, while the U.S. dollar still holds over 48%, according to SWIFT data.
“China has reached a point where it can no longer avoid taking action,” said Xiao Feng, chairman of Hong Kong-based crypto exchange HashKey.
In the U.S., the stablecoin space is gaining regulatory support. President Donald Trump backed stablecoins shortly after returning to office, and his administration is now building a clear legal framework around them.
Meanwhile, Hong Kong is speeding up crypto regulations, creating a competitive environment that could become a launchpad for China’s digital currency efforts, without breaking the mainland’s crypto ban.
Ant Group is reportedly preparing license applications for stablecoin operations in both Hong Kong and Singapore, and JD.com is planning to apply in several key global markets.
This push is clearly about protecting China’s role in the future of global finance.
If Beijing allows a yuan stablecoin to launch in Hong Kong, it could mark a shift in how China approaches digital assets and open the door to broader use of the yuan in cross-border trade.
With the U.S. leading the digital dollar movement, China’s window to act is narrowing. The stablecoin race is on, folks!
The post China’s Big Tech Wants Yuan Stablecoin to Break USDT’s Lead appeared first on Coinpedia Fintech News
Two of China’s biggest tech firms, JD.com and Alibaba’s Ant Group, are urging the country’s central bank to allow a yuan-based stablecoin to launch in Hong Kong, sources told Reuters. The goal? Push back against the rising dominance of U.S. dollar stablecoins like USDT and bring the Chinese yuan into the digital payments race. Things …
XRP’s price rose by 10% in the last 24 hours, reaching $2.6 and pushing its market cap to $152 billion. According to CoinMarketCap, this surge allowed XRP to reclaim the third-largest spot among all cryptocurrencies, overtaking Tether (USDT), whose market cap recently touched $150 billion.
XRP price trend amid US-China trade talks has brought it back to levels not seen since March 6. This move placed it ahead of Tether (USDT) in the overall cryptocurrency market rankings. XRP now trails only Bitcoin and Ethereum by market capitalization according to Santiment data.
CoinMarketCap data confirmed that XRP’s current valuation reflects renewed investor interest and wider adoption. Meanwhile, USDT also reached a new milestone, recording a $150 billion market cap. However, its role as a stablecoin limits price movement compared to XRP.
Traders are watching the $2.69 level closely. This point is the 0.236 Fibonacci retracement from XRP’s all-time high of $3.84, set in January 2018. Analysts say a clean break above this level could push prices further toward the $3 mark.
Multiple factors have driven XRP’s rise, including favorable policy news and wider utility. According to Santiment, one driver was House Bill 594 in Missouri. This proposed bill would allow full income tax deductions on capital gains, including profits from Bitcoin and XRP.
Santiment has also reported an 11% increase in XRP holders since the beginning of 2025 hinting it would hit the highest in the last 12 year. This suggests growing retail interest and broader participation. Furthermore, XRP was recently added as a payment option on Travala.com, a travel booking platform that accepts various cryptocurrencies.
This expansion of real-world use cases may be supporting long-term demand. Market analysts said the price rally has occurred despite a low momentum environment, indicating sustained interest rather than short-term speculation.
Ripple’s legal situation with the U.S. Securities and Exchange Commission (SEC) remains in the spotlight. Last Friday, Ripple and the SEC filed a joint motion to settle their long-running legal dispute for $50 million.
The proposed deal, still subject to court approval, would let Ripple regain $125 million currently held in escrow. It would also keep the court’s earlier decision on XRP’s sales. This settlement may reduce uncertainty around XRP and support investor confidence.
In addition, Ripple has been making moves to grow its presence in institutional finance. The company has expanded through acquisitions and new partnerships. These efforts aim to position XRP and its network as a tool for cross-border payments and stablecoin infrastructure eventually threatening even to flip Ethereum too.
According to CasiTrades, XRP is nearing the $2.69 resistance level with bulls defending the key support levels. This level is seen as critical for establishing a path toward $3 or signaling a temporary pullback.
“Price is now pushing above $2.64 and rapidly reaching the major $2.69 resistance,” CasiTrades noted. They added that breaking and holding above this level could lead to further gains.
Dark Defender, another analyst, mentioned that XRP had reached levels predicted in prior analyses. “XRP was around $2.45, and we expected a jump to $2.58 and a Wave 4 toward the same level,” he shared.
Data according to Coinglass also shows a rise in trading activity. Derivatives volume surged by 172%, reaching $18.95 billion while the open interest climbed by 15.37%, showing that traders are actively placing bets on future price moves.
The post XRP Flips Tether’s USDT By Market Cap Reclaiming 3rd Spot, Price Rally To $3? appeared first on CoinGape.
The post Buying Dogecoin (DOGE) At $0.25 or Buying Remittix (RTX) At $0.07 – Which Will Be the Bigger Payday? appeared first on Coinpedia Fintech News
With crypto markets on the rise, investors are looking for their next big move. Dogecoin (DOGE), the original meme coin, shows new resilience and potential for a breakout to $0.25. Remittix (RTX), a utility cryptocurrency, is gaining traction rapidly at a much lower entry point of $0.0781. But which one of these has more upside potential for 2025?
Let’s break down both opportunities and see which could pay out more.
Remittix (RTX) is quickly becoming one of the best altcoin investment choices for serious investors. At $0.0781, RTX presents a compelling value proposition: it connects crypto and traditional finance seamlessly, enabling users to transfer BTC, ETH, or XRP to regular bank accounts as fiat in minutes. It’s revolutionary utility ready to break into a $190 trillion global payments market.
Early demand has been solid, with over 538 million tokens bought and more than $15.3 million collected. As a fresh alternative to hype tokens, Remittix is breaking ground on a highly desirable solution: cheap, efficient global remittances. It’s drawing comparisons with pre-stage Ripple (XRP) and Stellar (XLM), but specialists believe that RTX could take its real-world adoption further faster.
As crypto transitions to widespread adoption, Remittix is positioned well. Existing options are plodding and rigid, meaning RTX is well on its way to lead in short order. According to many experts, it has a good shot at entering the top 10 cryptocurrencies by market cap during the next bull cycle.
If RTX continues to move forward at its projected pace, today’s bargain price may be a historic one.
Dogecoin remains one of the most recognized cryptocurrencies, and the latest trends point to bullish momentum ahead.
On May 20, a Dogecoin whale moved over $92 million worth of DOGE (260 million coins) from Robinhood into an unknown wallet as a sign of long-term accumulation. The wallet is now one of the largest on the network, a signal of growing institutional interest.
Meanwhile, the technical charts indicate several bullish trends. According to analysts like TATrader_Alan, DOGE price has penetrated its neckline at $0.185 and is forming an inverted head-and-shoulders trend. Analysts expect a breakout to $0.27, and some see the $0.42–$0.43 supply zone.
Source: Amina Chattha
Derivative data reinforces this expectation. Futures open interest stands at $2.7 billion, and liquidation imbalances show short positions being squeezed, showing strong bullish pressure.
But it’s worth noting that DOGE price is already at $0.23, and therefore, compared to lower-priced alternatives like Remittix, there is less room to 2x or 3x from this point.
Dogecoin enjoys name recognition, celebrity endorsement (thanks to Elon Musk), and widespread recognition. But it has no use outside of speculation trading and tipping. Most recent rallies have depended heavily on sentiment, widely correlated with larger market moves or whale behavior.
Remittix, on the other hand, is becoming increasingly popular due to its utility rather than hype. It solves a humongous pain point—crypto-to-fiat payments across borders—and does more efficiently than the competition. Its growth curve is following the early traction seen in Ripple and Stellar, but appears to be scaling even more rapidly.
With DOGE near its local highs and Remittix in the early stage of its cycle, risk-to-reward favors RTX for investors seeking higher possible returns.
Dogecoin can hit $0.27 or even $0.43 with consistent momentum, but its downside is limited by how much further it’s already traveled. Remittix, at a bargain $0.0781, has plenty more room to move exponentially, especially with over $15.3M raised, 538 M+ tokens sold, and strong real-world demand. For those desiring the bigger payday in 2025, Remittix (RTX) may well be the better value.
Discover the future of PayFi with Remittix by checking out their presale here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
The post Buying Dogecoin (DOGE) At $0.25 or Buying Remittix (RTX) At $0.07 – Which Will Be the Bigger Payday? appeared first on Coinpedia Fintech News
With crypto markets on the rise, investors are looking for their next big move. Dogecoin (DOGE), the original meme coin, shows new resilience and potential for a breakout to $0.25. Remittix (RTX), a utility cryptocurrency, is gaining traction rapidly at a much lower entry point of $0.0781. But which one of these has more upside …
