Stablecoins Are Becoming Systemically Important, Bernstein Says [Yahoo! Finance]
MercadoLibre, Inc. (MELI)
Last mercadolibre, inc. earnings: 2/10 04:01 pm
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Source: Yahoo! Finance
Bernstein noted that stablecoins are the 18th-largest holders of U.S. government debt. Stablecoin circulation is back to an all-time high of $170 billion, the broker said. Stablecoins are becoming more important to the global financial system, and constitute the 18th-largest holders of U.S. Treasuries, broker Bernstein said in a research report on Thursday. A stablecoin is a type of cryptocurrency designed to hold a steady value and is usually pegged to the U.S. dollar, though some other currencies and assets such as gold are also used. After a dip in supply in 2023, stablecoin circulation is now back to an all-time high of $170 billion, the report said, and monthly payments volume on-chain has tripled in the last 12 months to $1.4 trillion in July. "Stablecoins provide USD savings access to international users, propagating digital dollars beyond the U.S.," analysts led by Gautam Chhugani wrote. These cryptocurrencies are seeing increased integration with payments and fin
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MELI
Earnings
- 8/1/24 - Beat
MELI
Sec Filings
- 9/16/24 - Form 3
- 9/16/24 - Form 8-K
- 8/27/24 - Form 4
- MELI's page on the SEC website