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Stablecoin issuers like Tether (USDT) and Circle have accumulated a significant share in the United States Treasury market, outperforming major traditional finance players. Various stablecoin providers collectively held $80 billion worth of short-term U.S. government debt as of May 2022, according to a study by the investment bank JPMorgan released on Aug. 16. Tether, Circle and other stablecoin firms accounted …

Currency Swap vs. Interest Rate Swap: An Overview Swaps are derivative contracts between two parties that involve the exchange of cash flows. One counterparty agrees to receive one set of cash flows while paying another set of cash flows to the other. Interest rate swaps involve the exchange of interest payments, while currency swaps involve the exchange of a cash …

What is a paying agent? A paying agent – ​​also known as a “disbursement agent” – is one who accepts payments from the issuer of a security and then distributes the funds to holders of the security. Paying agent explained Paying agents are typically a corporate fiduciary department of a bank or trust company that is appointed to make dividend, …

XRP, the digital asset native to XRP Ledger used by Ripple’s On-Demand Liquidity (ODL) service is set to be used to facilitate fast and cost-effective cross-border transactions in Brazil, following the launch of Ripple’s partnership with forex company Travelex. Digital payment network Ripple announced on Thursday that foreign exchange company Travelex will utilize RippleNet’s ODL to facilitate cross-border payments between …

What is a skipped payment mortgage? A deferred payment mortgage is a home loan product that allows a borrower to skip one or more payments without any penalty. Interest accrued during skipped periods will instead be added to the principal, and monthly payments will then be recalculated once they resume. Deferred payment mortgages are most common outside the United States, …

Erie is not only convenient and accessible, but it offers some of the most affordable auto insurance rates of 2022. Founded in 1925, Erie is a Fortune 500 company still based in Pennsylvania today. It has a limited reach with service only in DC and 12 states: District of Columbia, Illinois, Indiana, Kentucky, Maryland, New York, North Carolina, Ohio, Pennsylvania, …

According to a new post by Acala Network co-founder Bette Chen, the community has voted to burn 2.97 billion worth of Acala USD (aUSD) stablecoin. Acala is a decentralized finance platform built on the Polkadot (DOT) ecosystem. The week prior, the price of aUSD fell to less than $0.01 from its dollar peg after it was discovered that 3.022 billion …

What is an interest deficiency? An interest deficiency is the accrued interest owed that remains after a borrower has made their monthly payment. This may result in negative amortization on some adjustable rate loans. Negative amortization is a financial term referring to an increase in the principal balance of a loan caused by an inability to cover the interest due …

What is a bull market? A bull market is the condition of a financial market in which prices are rising or are expected to rise. The term “bull market” is most often used to refer to the stock market, but can be applied to anything traded, such as bonds, real estate, currencies, and commodities. Since security prices essentially rise and …