The licensed Swiss firm claims to be the first regulated bank to offer returns on its own stablecoin.
The U.S. dollar reached a six-week high on Monday on weakness in the euro, Swiss franc and Japanese yen amid views that the United States has an advantage in growing its economy and vaccinating its population against COVID-19. The Japanese yen weakened, hovering around 105 to the U.S. dollar, a level not seen since mid-November. Against the Swiss franc the dollar was up 0.66% to 0.8967 to the dollar, its weakest level in two months.
Is currency debasement good for the dollar? Gold, the proven hedge for inflation, meanwhile, took another dive for its worst two-week outing since November. The dollar’s rally on Friday was particularly mind-boggling given the retreat in yields on the U.S. Treasury’s -year note - which had been the catalyst for the greenback’s strength since the start of the year.