U.S. Federal Reserve: 2% Inflation Not Expected Before 2027
The President of the Federal Reserve Bank of Atlanta, Raphael Bostic, stated that inflation in the U.S. will not return to the target 2% until early 2027. This statement highlights investors’ and economists’ concerns about a prolonged period of high prices and potential further tightening of monetary policy.
According to Bostic, the current economic indicators in the U.S. remain stable, but the recovery from the inflation surge is taking longer than expected. This may affect investment strategies, including the crypto market, where macroeconomic factors play a key role in shaping demand and asset prices.
USDC Becomes the First Stablecoin Approved in Japan
A significant event for the industry was the approval of the stablecoin USDC for use in the Japanese financial market. Circle, in partnership with SBI Holdings Group, will launch USDC on the SBI VC Trade exchange on March 26. Japan is known for its strict regulatory requirements, and this approval could pave the way for broader adoption of stable digital assets in the country.
This step also strengthens USDC’s position in the international market, expanding its legal use and making it even more competitive compared to other stablecoins such as USDT. For the cryptocurrency market as a whole, this is an important signal of the growing recognition of digital assets among traditional financial institutions.
World Liberty Financial Launches USD1 Stablecoin
World Liberty Financial has confirmed the launch of a new stablecoin, USD1, which will operate on the Ethereum and BNB Chain blockchains. This project aims to provide a stable and transparent way to store and transfer value in digital form.
According to the company, USD1 is backed by fiat currency reserves and has strict audit mechanisms. The introduction of a new stablecoin may enhance competition in this market segment and provide users with more options for digital asset transactions.
Fidelity Files for SOL ETF Listing
Investment giant Fidelity has filed for the listing of a Solana (SOL)-based exchange-traded fund (ETF) on the Cboe platform. This is a significant development as SOL is becoming another digital asset that could gain recognition in traditional stock markets.
If approved, the ETF will strengthen Solana’s position among institutional investors and could contribute to SOL’s price growth. Previously, Cboe had considered approving ETFs for other cryptocurrencies, including Bitcoin and Ethereum, and expanding the list of assets may indicate increasing trust in the crypto industry among traditional financial players.
Banks Can No Longer Deny Services Due to Crypto Connections
Renowned venture investor David Sacks announced that U.S. banks can no longer deny financial services to clients solely due to their connection with cryptocurrencies. This marks a significant shift in the attitude of traditional financial institutions toward the crypto industry.
Previously, many crypto companies faced account rejections or denial of other banking services due to regulatory risks. The new regulation improves conditions for crypto businesses, allowing them to operate more transparently and legally in the U.S. It may also serve as a signal for other countries to reconsider their policies regarding cryptocurrencies.
This week has brought significant developments for the crypto market, from the recognition of stablecoins in Japan to changes in the U.S. banking sector. These events confirm the gradual integration of digital assets into the global financial system. The approval of a SOL ETF, the launch of a new stablecoin, and the change in banking policies could, in the long term, increase institutional and retail investors’ interest in cryptocurrencies.
