Trump Media's Bitcoin Bet and Federal Reserve's Outlook on Stablecoins

Trump Media's Bitcoin Bet and Federal Reserve's Outlook on Stablecoins

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Trump Media has significantly increased its Bitcoin holdings, reaching $1.3 billion despite reporting a Q3 loss, with plans for further acquisitions. Concurrently, a Federal Reserve Governor highlights the growing demand for stablecoins, projecting multi-trillion-dollar growth that could help reduce interest rates.

Trump Media posts $55M Q3 loss as Bitcoin bet reaches $1.3B

Trump Media’s first earnings report after starting its Bitcoin buys shows it scooped up $1.3 billion, with the company saying it plans to buy more.

Stablecoin demand is growing, and it can push down interest rates: Fed’s Miran

Federal Reserve Governor Stephen Miran argued that stablecoins’ potential multi-trillion-dollar growth over the next five years will help push down interest rates.