An Era of Cooperation Begins as Decades-Old Conflict Resolved

PANews reported on October 16th that, according to Bloomberg, stablecoin issuer Paxos said it mistakenly minted 300 trillion PYUSD stablecoins early this morning, but destroyed the tokens minutes later. The amount of this erroneous transaction far exceeds the size of both the traditional currency market and the entire crypto market. There are currently approximately $2.4 trillion in US dollars in circulation. Tether's USDT, the world's largest stablecoin, has a market capitalization of $180.6 billion, while the entire cryptocurrency market is valued at approximately $3.8 trillion. In addition, Paxos officials stated: "This was an internal technical failure. No security breach occurred. Customer funds are safe. The root cause has been identified and resolved."

PANews reported on October 16th that YZi Labs has officially announced it has led a $50 million funding round in the Better Payment Network (BPN) to accelerate the development of a multi-stablecoin payment infrastructure, furthering its commitment to supporting scalable, real-world blockchain applications that connect traditional finance with on-chain systems. The newly raised funds will primarily be used to establish an initial on-chain liquidity pool for stablecoin-to-stablecoin channels and develop an early market-making ecosystem. According to reports, BPN provides a unified layer for the minting, exchange and settlement of stablecoins backed by fiat currencies on the BNB chain, building a bridge between CeFi and DeFi, and helping the global market achieve faster, lower-cost and regulatory-compliant cross-border payments.

The post Economic policies are chasing investors away from US – Mercer appeared on BitcoinEthereumNews.com. A wave of clients are shifting away from U.S. assets as investors react to President Donald Trump’s trade and interest-rate agenda, according to Mercer LLC. The consulting firm says concern over tariffs, pressure on the Federal Reserve, a swelling budget deficit and the risk of a softer dollar are pushing money to Europe, Japan and other markets. Hooman Kaveh, Mercer’s global chief investment officer, said a rising share of the firm’s 3,900 clients, together overseeing about $17 trillion, are reducing U.S. exposure. The opening weeks in the early phase of Trump’s second term “has been a trigger for genuine diversification,” he noted in an interview this week. “We’re certainly seeing that in client portfolios where flows are toward diversifying markets, geographies, asset classes, currencies.” Market nerves were evident in early April after Trump’s “Liberation Day” announcement, when both U.S. stocks and Treasuries fell before rebounding. Even so, U.S. shares have trailed many overseas benchmarks in 2025 for dollar-based investors. Kaveh said investors are struggling to price the tariff path because the effects can cut two ways: either squeeze company margins or get passed through to consumers and lift inflation. “If you have a situation where tariffs are going to push prices up, and the weaker dollar potentially can increase inflation, that would cause the Fed much more of a challenge to cut rates,” he added. As mentione in a Bloomberg report, he called the White House’s preference for a weaker dollar “the Achilles heel to the current approach” since it can magnify the inflation impulse from tariffs. Where the money is going Trump’s repeated criticism of Chair Jerome Powell, saying he has been slow to lower borrowing costs, along with the president’s move to fire Governor Lisa Cook, is further encouraging clients to step back from the U.S., according to…