#May CPI Incoming#
This Wednesday, the U.S. will release May CPI data — a key test for rate cut expectations. Cleveland Fed forecasts 2.4% YoY CPI (up from 2.3%), with core CPI flat.
💬 If inflation beats expectations, will the Fed still cut in June? Will you stay on the sidelines or take early action?
#Tech Giants Eye Stablecoins#
Apple, Google, Airbnb, and X are in talks to integrate stablecoins into their payment systems, aiming to cut fees and streamline global payments. Following Circle’s IPO surge, stablecoins are quickly gaining traction across tech and finance.
💬 Could stablecoins be
Paxos collaborates with Velo Labs to integrate its yield-generating stablecoin USDL as collateral and settlement asset.
Golden Finance reports that Paxos International has announced a partnership with Web3 financial infrastructure Velo Labs to integrate its regulated yield-generating stablecoin Lift Dollar (USDL). USDL will serve as reserve collateral and settlement asset within the USDV stablecoin framework of Velo Labs. USDL was launched by Paxos last year and is regulated by the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM), priced in USD.
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