Shows
あたらしい経済ニュース（幻冬舎のブロックチェーン・仮想通貨ニュース）【1/27話題】イオレのレンディング事業の申込金額が50億円突破、メタプラネットが12月期業績予想を上方修正、TORICO Ethereum設立など（音声ニュース）幻冬舎の暗号資産（仮想通貨）/ブロックチェーンなどWeb3領域の専門メディア「あたらしい経済 https://www.neweconomy.jp/ 」がおくる、Podcast番組です。
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【番組スポンサー】
この番組は、暗号資産取引におけるフルラインナップサービスを提供する「SBI VCトレード」のスポンサーでお届けします。
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SBI VCトレードは、「暗号資産もSBI」のスローガンのもと、国内最大級のインターネット総合金融グループであるSBIグループの総合力を生かし、暗号資産取引におけるフルラインナップサービスを提供しております。暗号資産交換業者・第一種金融商品取引業者・電子決済手段等取引業者として高いセキュリティ体制のもと、暗号資産の売買にとどまらない暗号資産運用サービスや法人向けサービスの展開、さらにステーブルコインのユーエスディーシー（USDC）を国内で初めて取り扱っております。
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SBI VCトレード公式サイト：https://account.sbivc.co.jp/signup?hc\_ak=1RNML.3.M06AS
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【紹介したニュース】
・イオレのレンディングサービス「らくらくちょコイン」、法人・個人の申込金額が50億円突破
・メタプラネット、2025年12月期業績予想を上方修正。BTC評価損1,046億円超もインカム事業は拡大
・イーサリアム（ETH）トレジャリー企業トリコ、完全子会社「TORICO Ethereum」設立
・ストラテジーがビットコイン追加購入、総保有数は約712,647BTCに
・ビットマイン、イーサリアム総保有数が約424万ETHに
・イオレが約1.6億円でビットコイン追加購入、総保有数は約148BTCに
・リップル、サウジでブロックチェーンの金融活用検討へ、リヤド銀行と提携で
・米国初、ヴァンエックのステーキング対応「アバランチ（AVAX）」現物ETFがナスダックに上場
・ブラックロック、ビットコイン（BTC）関連のカバードコールETFをSECにS1申請
・ニフティゲートウェイがサービス終了へ、NFTはジェミナイウォレットでサポート継続予定
・コロンビア第2位の年金基金、条件付きでビットコイン投資機会を提供へ＝報道
・ポリゴンPoS、新規バリデーターの最小自己ステークを100,000POLに引き上げ
・ハードウェアウォレット大手レジャー、米国でのIPO検討＝報道
・Etherfuseが新韓証券と提携、トークン化国債の機関投資家向け展開をアジアで支援
・タイSEC、暗号資産ETFや先物取引を含むデジタル資産規制を拡充へ＝報道
・イーサジラ、イーサリアム売却益で航空機エンジン2基取得か
【あたらしい経済関連リンク】
ニュースの詳細や、アーカイブやその他の記事はこちらから
https://www.neweconomy.jp/
2026-01-2733 min
Web3 Tech Brief By HackerNoonHow Falcon Finance's $2B Platform Just Added Its First Non-Dollar Sovereign Asset
This story was originally published on HackerNoon at: https://hackernoon.com/how-falcon-finances-$2b-platform-just-added-its-first-non-dollar-sovereign-asset.
Falcon Finance integrates tokenized Mexican CETES through Etherfuse, adding sovereign yield beyond US Treasuries to its $2B+ stablecoin system
Check more stories related to web3 at: https://hackernoon.com/c/web3.
You can also check exclusive content about #web3, #blockchain, #good-company, #cryptocurrency, #falcon-finance, #falcon-finance-news, #defi, #stablecoin, and more.
This story was written by: @ishanpandey. Learn more about this writer by checking @ishanpandey's about page,
and for more stories, please visit hackernoon.com.
Falcon Finance integrated tokenized Mexican government bills (CETES...
2025-12-0309 min
The Good Tech CompaniesHow Falcon Finance's $2B Platform Just Added Its First Non-Dollar Sovereign Asset
This story was originally published on HackerNoon at: https://hackernoon.com/how-falcon-finances-$2b-platform-just-added-its-first-non-dollar-sovereign-asset.
Falcon Finance integrates tokenized Mexican CETES through Etherfuse, adding sovereign yield beyond US Treasuries to its $2B+ stablecoin system
Check more stories related to web3 at: https://hackernoon.com/c/web3.
You can also check exclusive content about #web3, #blockchain, #good-company, #cryptocurrency, #falcon-finance, #falcon-finance-news, #defi, #stablecoin, and more.
This story was written by: @ishanpandey. Learn more about this writer by checking @ishanpandey's about page,
and for more stories, please visit hackernoon.com.
Falcon Finance integrated tokenized Mexican government bills (CETES...
2025-12-0209 min
Brazil Crypto ReportEpisode #171: Can Stablebonds Bring Brazil On-Chain? with David Taylor of Etherfuse🙌 You can listen to BCR on your favorite podcast platform YouTube | Spotify | Apple Podcasts🔥 Join the BCR English language Telegram group to continue the conversationOlá pessoal!Today’s episode is with David Taylor, CEO and co-founder of Etherfuse, where we explore what might be the most overlooked infrastructure gap in crypto: tokenized sovereign debt.Taylor’s thesis is compelling: while crypto has created an explosion of speculative assets, it lacks the foundational building block that underpins all traditional finance: the risk-free rate. In TradFi, everything is measured against government bonds. But onchain...
2025-10-2249 min
Brazil Crypto Report#171: Can Stablebonds Bring Brazil On-Chain? with David Taylor of EtherfuseDavid Taylor is the co-founder of Etherfuse. He joins host Aaron Stanley to discuss his mission to bring tokenized sovereign debt on-chain for emerging markets. Etherfuse is building infrastructure to issue interest-bearing stablecoins backed by short-term government treasuries, providing what Taylor calls the missing primitive in crypto: a true risk-free rate that traditional finance relies on as a baseline for all other investments. Drawing on his background in cryptography at Boeing and Apple, Taylor explains how his experience building payment infrastructure revealed the fundamental limitations of traditional finance systems. The conversation explores Etherfuse's...
2025-10-2249 min
The MarketDollar Strength or "Other" Weakness?After a horrible year to date performance, the US dollar bounced off its low, with a weekly return of +.83% and a monthly return of +2.25% as of October 14, 2025Is this the inflection point, the start of a rally? This is an important question for crypto investors because USDC and USDT dominate the stablecoin market. Whatever happens in US dollar stable will reflect on crypto overall. A strong USDC and USDT are good for crypto overall. Major drawdowns are not good.To answer the question of whether this could be an inflection point or not, we have...
2025-10-1403 min
The MarketPros and Cons of Euro Stable.A battle is brewing in stable currency. The US is winning with USDC and USDT, and China is gaining ground, making a push for the title. Hard to say who is going to win the stable game, but someone will.To show how active this game is, Europe is talking about getting involved; the European Central Bank (ECB) is seriously considering issuing a stablecoin. Last week, a Bank of France Official Agnes Benassy-Quiere compared the US dominance in stablecoin, 90% of the $255 billion stablecoin market, to the Visa and Mastercard duopoly in Europe, a serious issue requiring a...
2025-10-0803 min
The Market"Total Return", All That Matters.The dollar has declined year-to-date by over 9%, and some predict it will decline more. Dollar weakness, and the potential for more weakness, is knocking the dollar off its perch as the global safe-haven investment, the investment investors want to hold when global risk is rising.Many investors are confounded by the disparity between the US dollar and the US stock market. Non-US investors buy US dollars to buy US stocks. If foreigners are buying US stocks, why is the dollar going down? At a minimum, given demand from overseas investors in US stocks, the dollar should be...
2025-09-2504 min
The MarketIn Stablecoins, Don't Bet Against China.Passage of the Genius Act in the US stirred up a lot of excitement towards stablecoins. The IPO of Circle added fuel to the fire, making US dollar stablecoins a household word. Such recognition and regulation have helped the stablecoin market to double in terms of market capitalization to around $280 billion. Growth has not created a healthy situation; 99% of stable coins are USD backed.Put simply, there is too much concentration in US dollar stablecoin. It is an oversized risk for crypto and investment overall.Defenders brush off the concerns of 99% market capitalization by saying...
2025-09-1204 min
The MarketWill The Dollar Get The Yips?There have been some strange developments this week in interest rates and currencies. First, the European union reported inflation above target, leading to the conclusion that interest rates will not be cut in the near term, rather stay where they are. Normally, one would expect the Euro to appreciate against the US dollar based on a higher Euro yield. And, given investors see a 90% chance of a US Fed interest rate cut, the Euro should have strengthened, and the dollar weakened.This did not happen; the Euro was -.57% shortly after the inflation announcement, and the US...
2025-09-0404 min
The MarketWhen Interest Rates Bail the Government Out.If a normal person owed a lot of money and interest was choking their household budget, they would love to go push for a lower rate, to refinance at much better terms. If market rates were high, there would be no chance of refinancing and lightening their interest payments as a percentage of their household budget. Loan markets just don’t work that way.But the rules may be different for the public sector. By pushing for much lower interest rates than those at the present time, the US seeks to implement a “fiscal dominance”, scenario that makes...
2025-08-2603 min
The MarketUS Dollar, Start Moving to the Exit Door?Sometimes at a sports event or concert it is a good idea to start moving for the exit before the end of the event, to get your car out before the rush. The same may be said for US dollar exposure, it may be a good idea to start moving slowly towards the exit.Treasury secretary Bessent said in a televised interview “if you look at any model”, for the fed funds rate, it suggests “we should be 1.5% to 1.75% lower”. The current rate is 4.33%. Bessent says it should be 2.6%. This doesn’t make any sense, and it is certain...
2025-08-2104 min
The MarketBrazil's Inflation, New and ImprovedFor many years Brazil has had a bad reputation among international investors regarding inflation. It has always been high versus the rest of the world, and in the last ten years there was one-point when annual inflation was consistently 11 percent or more. There was a time in the last 30 years that annual inflation was 22%. Inflation in the 1990’s was so bad that people would rush to cash their paychecks before prices went up. For many years inflation defined Brazil.This is not the situation today.For July 2025, Brazil announced .26% monthly inflation, versus a consensus estimate of...
2025-08-1303 min
The MarketCockroaches And US TreasuriesIf you see a cockroach in your kitchen or bathroom, you can be sure there are more hiding. There is never just one. People may try to convince themselves there is only one, but there never is.We can say the same thing about demand for US treasury bonds at last week’s ten-year auction. The result of the ten-year bond was ok, 4.225%, a little above what was expected. A slightly weaker result than expected shows only slightly weaker demand than expected. But this was not the cockroach. The cockroach was what happened 90 minutes before the auction; th...
2025-08-1104 min
The MarketWill Demand for US Treasuries Fade?It is possible that the US Fed will lower interest rates in September and follow through with more cuts in later months. The US government will benefit from these moves, because lower rates will help feed the voracious appetite for debt.But just because the discount rate, the rate that applies to primary credit extended to US financial institutions goes down, does not mean bond yields, like the 10-year US bond rate, a key borrowing rate for the US, will go down. The discount rate is determined by the Fed, while the US 10-year treasury is determined...
2025-08-0604 min
The MarketYield Pick-up Trades and the US FedSince the beginning of 2025, it has been a great time to invest in foreign currency sovereign bonds on a total return basis. In this time period, the US dollar has declined a little under 9% and many foreign interest rates have been higher than US dollar rates. However, if the US dollar were to strengthen, the benefits of the yield pick-up in foreign currencies will deteriorate. A rising dollar reduces the yield advantage of foreign currency investing in total return terms.As example Etherfuse’s Brazilian short-term sovereign bonds have an APY of 13.06%. The US treasury Etherfuse short-term bo...
2025-08-0403 min
The MarketBrazil Tariffs A Big "Nothing Burger"Well, President Trump followed through on his highly emotional threat and raised tariffs on Brazil to 50%. He did this citing “an unusual and extraordinary threat” . This extraordinary threat is the domestic trial of ex-President Jair Bolsonaro, an issue that is purely a Brazilian matter, no business of the US.It is hard to see how a trial of an ex-President is “an extraordinary threat”. Brazil does not share a border. There is no risk of an immigrant crisis. Civil war is not about to break out.In the end the tariffs seem to be a big “Not...
2025-07-3002 min
The MarketHas the US Dollar Inflected Upwards?A weak US dollar in the first six months of 2025 has been a boon for foreign currency denominated assets. By the end of June, the US dollar had gone down about 9% (as measured by DXY), and yields on many foreign bonds stayed high. Investors avoiding exposure to the US dollar did well.But, as of July the situation may have changed. Since the beginning of July, the currencies of Etherfuse’s stable bonds have mostly declined against the US dollar: The UK pound was the worst at -3.42%, the Brazilian Real -2.62%, the Euro -2.45%, and the Me...
2025-07-3004 min
The MarketBrazil and Taco Grande part 2Well, Brazil responded to President Trump’s threat of 50% tariffs, if they do not stop the “Witch Hunt” against Jair Bolsonaro, the ex-President who allegedly initiated a coup against the present government. Both the President and the Supreme Court pushed back. The Supreme Court’s opinion was unanimous.If we look at the situation rationally, pushing back may reflect a Brazilian position of strength. First, the US has a trade surplus with Brazil (US sells more dollar value to Brazil than Brazil sells dollar value to America). Sanctions would harm this balance by cutting back on US sales to...
2025-07-2203 min
The MarketBrazil and A "Taco Grande"Sometimes things come along that are too good to be true. Presently, Brazilian tokenized Tesouros for investing in and lending on chain may be one of those opportunities.When US tariffs were announced in April, the Brazilian currency, the real, weakened to its 2025 lowest value versus the US dollar. From this low point, given President Trump’s Taco behavior, the currency strengthened 7% to its present level of 5.58 Real to USD.In the last few days it has weakened a bit, 3.37%, due to President Trump’s rhetoric regarding tariffs on Brazil. President Trump threatened Brazil with a 50...
2025-07-1604 min
The MarketUS Dollar Stablecoin is Too Big!90% of all stable coins being US dollar denominated is scary; 90% is too much concentration in any asset class. It is not safe or efficient. Remember, a high concentration of US dollar stable coins is a risk to both the actual stable coin and the US treasury market that backs it; if there were a run on the US dollar stable, treasuries would be sold, interest rates would go up, and rates could spiral out of control.It is easy to criticize such a ridiculous number, but what is the right number? Given the US is the biggest...
2025-07-1103 min
The MarketStable, The US Dollar, and Reserve StatusLet’s get to the point: does the world want to perpetually depend on a reserve currency backed by bonds issued by a government that has chaotic policy, a debt level rising too well over GDP, a commercial system that needs tariffs to compete worldwide, a 30 year long bond that is losing its allure, and a currency that is down over 9% year to date versus other major currencies?These are not the metrics of a solid currency. But they are metrics of the US dollar. They are also the underlying metrics of the stablecoin market worldwide, as th...
2025-07-0403 min
The MarketPotential Consequences of the Genius ActThe Genius Act passed the Senate and got a lot of people clapping hands and “high fiving”. Yes, this is a great piece of legislation for crypto and the future of finance. But some of the comments are off the mark, a bit concerning,Secretary Bessent was ecstatic that there will be more demand for US Treasuries. US dollar stable, as per the Genius Act, must be backed 1 to 1 by US treasuries. Thus, the more demand for US dollar stablecoins, the more demand for US treasuries.Further to this idea, an analyst predicted “stablecoin issuers will b...
2025-06-2503 min
Form & StructureBringing Soverign Debt to DeFi with Etherfuse CEO, David TaylorIn this episode of Form & Structure, Patrick Murck invites David Taylor (Co-founder & CEO of Etherfuse) on to discuss how Etherfuse is bringing sovereign debt onchain, solving cross-border payment inefficiencies, and why they chose Surus as their custody partner.
2025-06-1841 min
The MarketThe US Government Could “Own” Part of The Next Crypto Crisis.Complacency causes problems. Not paying attention to warning signs when they are right in front of you can lead to bad outcomes.Regarding stablecoins, one might conclude that this message has been heard, as the US Senate just passed the Genius Act, a policy that provides a regulatory framework for stablecoins. After Circle’s mammoth IPO success, passing such a law was easier. Stablecoins, particularly US dollar stablecoins, are hot right now.But are they too hot? If they are too hot, problems could arise.Aaron Brogan of Brogan Law in hi...
2025-06-1804 min
Espacio Cripto¿Tercera Guerra Mundial? Bienvenido a Stablecoin SummerEsta semana en Espacio Cripto analizamos el impacto del conflicto entre Israel e Irán en los mercados, el avance de las stablecoins con Circle y Stripe, la integración de Polymarket con Twitter y la posible regulación en EE.UU.Aprende cripto con Crypto Mastery: https://www.espaciocripto.io/crypto-masterySuscríbete a Voyager: https://espaciocripto.io/voyagerComunidad de Espacio Cripto: https://t.me/espaciocripto00:00 - Intro 02:01 - Precios de la semana 03:23 - Polymarket y Twitter: impacto en la percepción de mercado 07:27 - Predicciones de Polym...
2025-06-1626 min
The MarketPresident Trump Got it Right.There have been policy false starts in President Trump’s short time in office, and some of his policies seem a bit crazy. But when it comes to savings, he got it right. The Trump Account that gives every newborn American a $1000 investment in a tax advantaged index fund, not to be touched before they turn 18 is a great idea; a type of policy that can help make “America Great Again”.Policy makers have given short shrift to the power of savings. There has not been a substantial saving policy since 1974 when the IRA-tax deferred retirement accounts were c...
2025-06-1503 min
The MarketEurope, An Open-Air Museum?In the early 1990s a well-known global investment strategist, a real smart guy, predicted that “Years from now Europe will be one big open-air museum”. He based his assertion on the idea that Europe was too bureaucratic and stuck in their ways. There was no innovation. There were limited reasons for people to invest in Europe. In his eyes, Europe was doomed.He clung to the idea that Asia would rise, and the US would remain the most dynamic attractive country in the world for investment.Europe got kicked to the curb.He was...
2025-06-1103 min
The Security Token ShowCircle IPO, Plume, MetaWealth, Figure & More RWA News - Security Token Show: Episode 287Tune in to this episode of the Security Token Show where this week Herwig Konings and Kyle Sonlin cover the industry leading headlines and market movements, including Circle’s IPO, Plume updates, investment activity on MetaWealth, Figure’s democratized HELOCs, and more RWA news!
This week Jason Barraza had a chance to sit with Balcony and Avalanche on their recent announcement around tokenizing $240B worth of real estate deeds from Bergen County. Join us for talks on why deeds, pipelines, financial losses found in similar projects, and more!
Company of the Week...
2025-06-0640 min
Solfate Podcast - Interviews with blockchain founders/builders on SolanaEtherfuse Stablebonds as an Essential Blockchain Primitive, feat Dave Taylor, CEO of EtherfuseA conversation with Dave Taylor, CEO of Etherfuse, about Etherfuse's stablebonds as an essential blockchain primitive for foreign exchange.📝 Notes from the showIn this episode of the Solfate Podcast, hosts James and Nick welcome Dave Taylor, CEO of Etherfuse, to discuss their groundbreaking approach to bringing real-world assets on-chain through tokenized government bonds called "stablebonds." The conversation explores how Etherfuse has navigated complex regulatory frameworks across Mexico, Switzerland, and other countries to create a new primitive for foreign exchange that could revolutionize how people access and trade international currencies. Dave sha...
2025-06-0645 min
The MarketWell Done, Mexico, Keep It Up.It has taken years for Mexico to reduce its percentage of US dollar debt to total debt. US dollar debt as a percentage of total debt is 40-45%, lower than in times past. This is a great success, and Mexico should not stop now.In the past 30 years, emerging markets have experienced multiple crises, all of which have revolved around currency weakness that had excessive dollar borrowings at their cores. It began in 1994 with the Mexican Tequila crisis and moved on to the Asian and Russian crises in the late nineties. To this day sentiment towards emerging...
2025-06-0504 min
The MarketDollar Decline or Devaluation?President Trump’s tariffs have three goals: 1) create an economic situation that encourages investment in US production, allowing for the substitution of imports 2) encourage foreign companies to invest in the US 3) generate tax revenue. The first two have the goal of reducing the US trade deficit the US runs with many countries. The third generates much needed government revenue.Recently, there was a legal setback on President Trump’s tariffs. Court rulings suspended the bulk of the proposed tariffs; the court ruled the overstepped the test of emergency authority.As expected, the Trump administration claimed tari...
2025-05-3003 min
The MarketThe US and Moody's BluesIf you buy a house and find out that the foundation needs massive work, or that the roof needs to be replaced, work that is more than a do-it-yourself job, the cost is on you. There is no point in complaining about the seller. It is your problem, and you had better find a way to get the repairs done.Or you can go on with your life and be in denial, pushing the repairs to the future.The US economy is like a house with foundation problems. On May 19th Moody’s downgraded US de...
2025-05-2104 min
The MarketWhere to from the Dollar?The argument to diversify out of US dollar stable coin lives on and must be repeated. 99% of anything in an asset class is too much and dangerous.Given this unhealthy concentration, it is time to start thinking about moving away from dollars, or anything backed by dollars, like US dollar stable coins.The chorus of dollar pessimists is growing. Well known investor Peter Schiff said” The US dollar is about to free fall. The only way to end America’s massive trade deficit is to end the dollar’s role as global reserve currency.”Wow! H...
2025-05-1203 min
On The Brink with Castle IslandDavid Taylor (Etherfuse) on Non-USD StablecoinsWyatt sits down with David Taylor of Etherfuse. In this episode: MXN stablecoins and other currencies Shaping regulatory frameworks Who wins out: innovators vs financial incumbents
2025-05-0741 min
The MarketTime To Leave the Party?The US dollar recorded its second consecutive week of gain for the week ending May 2nd. Is this the start of a trend, or time to leave the party, reduce dollar exposure?To fix the balance of trade between the US and the world, tariffs are the tool of the day. But tariffs are not the only tool that can be used. A US dollar devaluation can do the trick too.Tariffs discourage consumption of foreign items or imports. Their goal is to stimulate consumption of domestically produced goods, also called “import substitution”.If t...
2025-05-0503 min
The MarketSaving, The Other Consumption.Savers are “consumers” that give up present consumption for future consumption. Here, the key word here is consumption. Therefore, savings must be looked at through the lens of a consumer product as opposed to an investment product. To do this correctly, savings products must be developed that make savings easy to access across the whole wealth range of a consumer base. Consumers of savings must have vehicles and structures to save large, small, and micro amounts.When comparing the US savings rate to other countries, the US fails. In 2024 the personal savings rate was 3.8%, which is lower than...
2025-04-2803 min
The MarketCrypto, Greater Fools, and Pyrrhic Victories.Crypto seems to be winning its war of acceptance. But is it a pyrrhic victory, a victory that brings harm to the victor, a harm that differs little from defeat?In times past highly regarded bankers and investors have called crypto a Ponzi scheme, a scam. Banks have threatened their employes with severe actions if they traded crypto. Crypto has had very, very few fans in traditional finance.The sad truth is that many critics never took the time to really understand crypto. More than one person has claimed that crypto is blockchain. When smart...
2025-04-2303 min
The MarketNot In Kansas AnymoreKansas was a safe place for Dorothy, but a twister turned her life upside down. A twister dropped her into Oz, a land full of threats, forcing her to set upon a treacherous path to get home again, besieged by witches, talking trees, and poppies.Metaphorically, US Bonds and the US dollar have just experienced a twister and landed in an Oz-like setting. Until recently the US dollar and bonds enjoyed a peaceful haven status, like Dorothy in Kansas. Now, that status is challenged. In the last week, the DXY dollar index is down 3.6%, and US Treasury...
2025-04-1403 min
The MarketIt's Policy, StupidJames Carville in 1992 said “The Economy, stupid”. Substitute the word “policy” for “Economy” and you might sum up the present situation in the United States. Inconsistent policy has many people concerned about the US dollar and the US fiscal position.Oak Tree co-Chairman Howard Marks, a great credit investor, summed it up best, “If people don’t like the dollar, don’t like investing in the US, don’t want to hold an unlimited number of Treasuries; if we just make people mad,” Marks said, “the fiscal situation will be very complicated.”Let’s take this statement apart piece b...
2025-04-1103 min
The MarketPeso PrideGiven the price movements of the Mexican peso in the last month, you must respect Mexico and its currency. On the back of US tariffs, the Mexican peso should be getting slaughtered. Mexico’s exposure to the US supply chain for industries like autos puts it right in the cross hairs of tariffs, no escape.Tariffs were originally announced beginning February, and Mexico was given a 30-day reprieve. When tariffs became an issue again on March 3rd, the currency had weakened to a level of 20.73, a level very near its one-year low point.Be...
2025-04-0804 min
The MarketSavings Bonds and Christmas ClubsIf a country wants to grow in greatness, it must increase its rate of personal savings. To do this, countries need to create products that allow savings habits to be developed across the whole income range of the population. The masses must have a means to save large, small, and micro amounts.At present, there are countries that have good savings mentalities and some that don’t. In Germany the savings rates hit 11.5% of income in 2024. France’s 4th quarter 2024 household savings rate was 18.4%. These are good, but they can be bigger, greater. The country lagging in the...
2025-03-3103 min
The MarketDollar Decline, Part 2 What Can You Do?The last post suggested weakness in the US dollar was forthcoming. Factors noted were:· Excessive borrowing by the US government.· The risk of losing Federal Reserve Independence.· A forced restructuring of US bonds held by foreigners, also known as the possible Mara Lago Accord.· Rumors of a tax on foreigners buying bonds.· A loss of “Good Faith” from countries that hold US debt.These are all valid reasons for confidence in the US dollar to decline, for its value to go down.More than a few peopl...
2025-03-2703 min
The MarketCore and Explore“Core and explore” is an investment strategy involving one stable yield bearing asset, or assets, and a growthier asset class. In a “core and explore” strategy you get paid in yield while your “growth” or “explore” asset goes after capital appreciation. In short, the “core” asset is your base and the “explore” an aggressive pursuit of return.“Core and explore” can also be called “yield and growth”, and it is perfect for a portfolio of crypto and tokenized sovereign bonds. In this mix, crypto is the growth asset, and tokenized bonds are the yield assets. Crypto is a growth asset because...
2025-03-1704 min
The MarketDoes Bullying Make Sense?The US economy strives to become more competitive internationally in trade and investment. There are two ways to achieve this goal; apply tariffs, raising the cost of imported goods to encourage more US manufacturing and exports. Or, devalue the US dollar, so US goods cost less in overseas markets.So far, the US has chosen tariffs , and they are being used as a bully club.But hold on a moment, all the noise around tariffs caused the dollar to strengthen, which is what the US does not want. The US dollar must go down in...
2025-03-0904 min
The MarketEurope Unites Around Defense Spending!The European Union is united as it has ever been since the US hinted at cutting them loose from defense support. Thus it is clear that Europe is re-arming, and spending will be in the trillions of Euros.The European economy has been struggling, and defense spending will help revive it. At the same time, Europe can allow interest rates to go up because they have inflation at a moderate level. In the end, trillions of dollars of spending will stimulate economic growth and take interest rates higherNot all countries are positioned like Europe...
2025-03-0503 min
The MarketGo Short The Mexican Peso?Selling a currency short, or any security for that matter, can be a good strategy to enhance investment returns. You go short, the security goes down, you make money. Companies like Etherfuse offer this product in currencies and bonds to a wide range of investors.Given US tariffs and all the volatility being created, there are probably some good short selling opportunities at present. The first one that comes to mind is shorting CETES or the Mexican peso. Mexico IS getting hit with tariffs and that is not good for their currency.Prior to the...
2025-03-0403 min
The MarketUS Dollar BewareThe US dollar has weakened by about 6% versus the Brazilian Real year-to-date. Against the Mexican peso, the US dollar is down 2%. Against the Euro, and UK pound it is unchanged. Finally, the US dollar index DXY, the value of the US dollar versus a range of currencies, is down 3%.The US dollar is weak.Intriguing is that Brazil, Mexico, and Europe are US tariff targets, and US tariff threats should create weakness.This is not happening.Is stability in the real, peso, and euro versus the US dollar expressing strength in...
2025-02-2803 min
The MarketEuro/US Dollar Parity No More?When President Trump won the US election, the euro fell, and it looked like it was heading to 1 to 1 or parity with the US dollar. Tariff fears were hammering economic sentiment. Political uncertainty was present; France was in the middle of political crisis and Germany was heading to a contentious election.Add to that very low interest rates, meaning you received little investment return on an asset that had political risk, and it is astonishing the euro bounced off its post-US election bottom. These forces should have taken the Euro down to parity, and perhaps beyond.
2025-02-2403 min
The MarketUK Bonds-A Hot Game, For Now.The latest UK government ten-year bond sales saw the highest demand from investors ever, beating the previous month, which was the previous highest demand ever. This demand has created volatility in bond yields. The UK ten year recently spiked to 5% and then went back to 4.5% on strong demand. UK Yields were near multi-year highs, and investors wanted them.Further to demand, a wide range of investors were buyers. Private retail investment was the highest in four years.So why are investors clamoring for UK bonds?And should we jump into this...
2025-02-1903 min
The MarketThirty Days & CountingPresident Trump gave Mexico a reprieve from tariffs for thirty days at the beginning of February. This reprieve does not mean tariffs won’t happen. With all the inconsistencies and mixed messages coming out of Washington DC, it is hard to conclude anything.So who or what can best assesses whether tariffs on Mexico come about or not? I think the peso us dollar market is the best predictor.If the probability of US tariffs increases during this thirty day period, the Mexican peso will weaken against the USD.So far, that has no...
2025-02-1104 min
The MarketRising Uncertainties & Your PortfolioGold and cash-like instruments are safe-haven assets. Investors buy them when uncertainty and/or fear is rising.Given the price of gold climbing steadily to a record high of $2,860, one could say fear and/or uncertainty is rising.What could be driving fear and uncertainty, making gold and cash like investments attractive?Well, it seems there are more than a few explanations.First, inflation expectations in the US climbed to 4.3% in February, the steepest climb since November 2023.Second, no matter what their final form is, US tariffs will be...
2025-02-0903 min
The Market30 Days & the Mexican PesoThat didn’t take long. One call with the President of Mexico and president Trump is reconsidering tariffs?Was it because president Sheinbaum really convinced him that they would make a dent in the fentanyl problem, and help with the immigration crusade?Was it just a bluff from president Trump to get talks going?Or, perhaps, some wise person in the administration said tariffs on Mexico were a bad idea?We have 30 days until the next chapter, and in this time period there is an investment decision that can be made....
2025-02-0603 min
The Market"Skate to Where the Puck is Going!"Hockey great Wayne Gretzky had a saying “skate to where the puck is going to be, not where it has been”.Right now, currencies are like a hockey puck travelling across the ice. No one knows where they are going, but we do know the direction.Down.US tariffs on Mexico and Canada set these currency moves in motion. Now, the US has its sights set on Europe.China is still an unknown.Times like these can provide good entry points for savings portfolios.As this crisis, and...
2025-02-0303 min
The MarketTariffs and MexicoWell, it happened, tariffs on Mexico and Canada were announced by the United States. While there is some uncertainty as to what will be tariffed, like Canadian oil, tariffs were announced, and currencies reacted as expected.The Mexican currency went down about 1. 67% after the announcement and has stayed roughly at that level.The key question is what will happen from here to the Mexican peso?And what does this mean for investors considering Mexican bond investments?When an event like this occurs, the worst position a country can be in is...
2025-01-3103 min
The MarketInvestor Confidence Or Concern?According to Bloomberg, JPM Morgan Chase’s latest client survey shows the biggest net long position in US government debt in almost 15 years.Is confidence driving exposure to US government debt to a 15 year high?Or is it worry?If rates are cut, yields across the maturity horizon from 1 to 30 years will go down, and prices will go up. Confidence in lower interest rates could be driven by the perception of moderating US inflation, a trigger for Fed action. Recent inflation numbers have shown some moderation, and the US Fed is pr...
2025-01-3003 min
The MarketEconomic Fundamentals Trump TariffsToo much attention towards Mexico has focused on the potential of US tariffs. Tariffs, which by the way, have not yet happened.For most of 2024, investors paid little attention to Mexico’s economic fundamentalsNow, attention is being paid to fundamentals.This claim is supported by recent Mexican debt sales. At the beginning January Mexico placed 8 bn USD of debt-a good number in times.This debt sale, or borrowing of money, went so well they decided to follow up with a Euro offering. The total Euro issuance was 2.4 billion Euro, but de...
2025-01-2903 min
The MarketUS Food and Energy Prices MatterWhen investing in government bonds, both long-term and short-term, interest rates and inflation are key. Declining inflation leads to lower interest rates, making long-term bonds a good investment.Uncertainty surrounding inflation and interest rates, supports investing short-term bonds.The United States influences interest rate trends worldwide, thus inflation and interest rates in the US must be watched.There are many components to inflation, but food and energy are two of the most important.Energy prices are so important that President Trump has made lowering energy costs a priority of...
2025-01-2803 min
The MarketMexican Data and BeyondKnowing how to interpret data is something we should continuously work on. But, to some, data is scary. We don’t always know what we should be looking for, and how.But there are two ways of looking at data anyone can use.First, how was the data versus expectations?Second, is the direction of the change supportive or not?How the data did against expectations is easy to get a grasp on, like a guessing game.The direction of change, or the trend in change, is cl...
2025-01-2603 min
The MarketComplacencyLess than one week ago potential US tariffs, higher market rates than official rates in the US market (mortgages), and weak currencies, in both emerging and developed markets were investor concerns, bordering on fear.Now, after a few positive data releases, investors seem to be more comfortable with investment exposure to the US, Europe, and emerging marketsComplacency seems to be growing.Some data releases that seemed to fuel optimism were.· The S and P Global Composite PMI for Germany was positive, breaking through 50 versus expectations of 48.· President Trump se...
2025-01-2403 min
The MarketEurope versus MexicoBoth Mexico and Europe are positioned to lower interest rates due to lower inflation. Mexican bonds, CETES, yield approximately 5% more than Euro area bonds.Lower interest rates will probably lead to lower currencies, as the yield investors get by investing in a country goes down.When comparing investments in Mexico and the Euro area in this time of lower interest rates and possibly lower currencies, we have investigate whether the Mexican 5% yield is worth the risk and sustainable.If the currencies do not change in value, Mexico will still provide a...
2025-01-2303 min
The MarketThe US Fed Versus the Bond MarketDue to better inflation and employment metrics, US Fed has been able to reduce their core interest rate in the last twelve months, which could be termed a success.But the market, the entity that determines new issue bond prices and trading, doesn’t seem to agree. In the last twelve months, the US Fed rate has gone down, but the US Ten-Year bond rate has gone up from 4.2% to 4.6%, and the 30 year mortgage rate is over 7%.Why does the market disagree with the Fed? Is there something the market fears in the future that is...
2025-01-2103 min
The MarketRecency and RiskWhen consensus was for the US Federal Reserve to cut interest rates multiple times in 2025, many advisors were telling clients to sell short-term bonds and buy longer-term maturity bonds.It hasn’t happened, and investors seem to have stayed in short-term bonds.Two things may explain this 1) Recency Bias and 2) Risk Aversion.First, US short-term interest rates may be low at about 4.3%, but coming out of the Global Financial Crisis interest rates were about 0%.The ten-year US government bond was 1.6% ten years ago. It is now 4.6%.When today’s yiel...
2025-01-2003 min
The MarketUS TariffsThere’s a lot of debate regarding the application of tariffs on US imports. Some say they will be severe, and some say gradual.We comment on severe. Severe tariffs from the US will weaken currencies versus the US dollar, and potentially stimulate inflation in the exporting country. Put simply, a lower currency versus the US dollar boosts exports, but also raises the price of imported goods.In Latin America, Mexico seems best positioned to deal with tariffs. Mexico’s inflation rate has been coming down and is near the government target ceiling. So...
2025-01-1703 min
The MarketMexico, A Positive StandoutThe US, UK, Europe, and other countries are fretting about inflation, and investors are concerned.Those that are concerned about inflation may want to take a look at Mexico, a standout in global markets.Mexican inflation has gone down three times in the last three months. At 4.21% as of December, inflation is close to the Bank of Mexico’s target range of 2-4%.The Bank of Mexico meets February 6, 2025 and rate cuts could be on the table.If Mexico were a student and this was a parent teacher conference, it would be...
2025-01-1603 min
The MarketMexican ResitanceIf it was not for the threat of the incoming US tariffs, Mexico would be one of the most attractive investments in the world, both in bond and currency terms.In mid-December Mexico cut interest rates for a fourth straight month. Inflation has not picked up, so there may be more cuts to come.At the same time, the APY on CETES is over 9 percent.Right now, investors are putting more weight on the impact of potential tariffs. Yes, if tariffs are introduced the currency will come under pressure, high CETES APY or...
2025-01-1502 min
The MarketEuro Parity, Here We Come.The Euro versus the US dollar is down 8% since September 2024, to a level of 1.02, close to parity.Some predict the Euro could reach parity by the end of January. Drivers of the route to parity:* Political uncertainty in Germany and France.* Threat of US tariffs making exports more expensive.* Severe uncertainty in bonds and the government budget in Europe’s neighbor the UK.* Low interest rates making yields less attractive versus the UK and US.What can reverse this path?* US tariffs being mo...
2025-01-1402 min
The MarketGame, Set, and Match For Fewer Interest Rate Cuts in 2025.The US interest rate outlook for 2025 has been like a tennis match. The opponents were 2 US interest rate cuts versus 4 in 2025.In the first ten days of January, 2 cuts routed 4 cuts.Data on US jobs, employment and inflation changed the game. Employment numbers were good and inflation expectations are up.Bond yields are up, and stock market outlook may be in question.Upcoming data will be key to watch:* January 14, 2025 Purchasing Price Index.* January 15 Core CPI.* January 16 US Retail Sales for December.* January 17...
2025-01-1303 min
The MarketThe UK Currency and Interest rate problems.Imagine you budget savings over time for a nice vacation, but before you can go you get hit with a surprise car or house repair.The money budgeted for vacation goes to the repair. No vacation.That’s kind of how it is in the US. The UK government budgeted money for spending on new programs in 2025.But this money budgeted, saved, ended up paying for unforeseen interest rate increases.To make matters worse, not only did interest rates go up ruining spending plans, but the currency went down against the US...
2025-01-1002 min
The MarketBrazilian Sovereign Bonds and the Currency2024 was a bad year for Brazil’s economy and currency. The Brazilian Real fell more than 20% in value against the US dollar.Currency weakness occurred along with higher interest rates. This is not a good thing.Higher Brazilian interest rates mean a higher return on investments in the Brazilian Real. But if no one wants to buy the Real and get the higher rate, the currency will go down, higher rates or not.Brazil’s real problem is government spending, and investors are not convinced the government is taking the right measures to solv...
2025-01-1002 min
The MarketEuropean Interest Rates Cuts-Gradual or NotPolitical uncertainty in Germany and France along with a dismal economic outlook is pressuring Europe to lower interest rates.They probably will, but will they be aggressive cuts to stimulate the economy, or will they be gradual given inflation concerns?Complicating matters further are potential US tariffs.European decision makers have some tough decisions to make.The sovereign APYs are already low, and they could go lower.And, the Euro versus the USD must be watched. Lower interest rates could take the Euro down further.Key to all this...
2025-01-0902 min
The MarketUS Interest Rates 2025Two interest rate cuts or four in 2025, that is the question haunting US investorsThe number of cuts will be determined by inflation and employment data, among other things.So far, two cuts is winning, as recent data on employment shows a healthy labor market.Who will win? Two or Four? Too early to tell, stay tuned for more.Thanks for reading etherfuse! Subscribe for free to receive new posts and support my work. This is a public episode. If you would...
2025-01-0701 min
Solana WeeklySolana Weekly #89 - Eno Is Accelerating Stablecoin Usage On Solana With ISCIn this episode, we dive deep into the evolving world of stablecoins with Eno, co-founder of ISC (International Stable Coin). From innovative yield strategies to global adoption challenges, this conversation covers everything you need to know about the future of stable assets on Solana.🔑 Key Topics:How ISC is revolutionizing stablecoin yields using the "all-weather portfolio" approachWhy Tron dominates emerging markets and what Solana needs to competeThe real challenges of bringing stablecoins to global adoptionTrading psychology and market insights from a veteran builder⏱️ Episode Chapter...
2024-10-301h 28The Security Token ShowCoinbase Asset Management Enters the Tokenization Race - Security Token Show: Episode 245Tune in to this episode of the Security Token Show where this week Herwig Konings and Kyle Sonlin cover the industry leading headlines and market movements, including how Coinbase Asset Management is entering the tokenization race.
Company of the Week - Herwig: Libre: https://www.librecapital.com/
Company of the Week - Kyle: Coinbase Asset Management: https://www.cbassetmgmt.com/
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Kyle: https://www.linkedin.com/in/kylesonlin/
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Opinion articles, interviews, and more: https://medium.com/security-token-group
Find...
2024-07-2631 min
Daily Crypto Report"Ripple CEO expects settlement soon." Jul 21, 2024Bitcoin is up slightly at $66,945Eth is up slightly at $3,501Binance Coin, is up slightly at $594 Ripple CEO Brad Garlinghouse says he expects the SEC to settle soon.Fractal ID says breach affected around 6k users.BitForex will soon re-open for withdrawals. Etherfuse raises $3M Learn more about your ad choices. Visit megaphone.fm/adchoices
2024-07-2105 min
Fortune and FaithEtherfuse - David TaylorAs one of the creators of Etherfuse, a financial technology company, David Taylor and his brother AJ are on a mission to reduce global barriers to entry into financial markets by tokenizing investments through stable bonds. But growing up a young boy, David’s life is anything but stable. Moving around about every two years from city to city and state to state doesn’t allow him to build a solid friend foundation where his confidence can grow. Despite the early struggles David uses all his experiences, good and bad, to chart his own course of what is, and what isn’...
2024-07-081h 07
ValidatedWhy Does Mexico Want to Tokenize Its Treasuries? w/ David Taylor (Etherfuse)In this episode, Austin talks with David Taylor (Etherfuse) about tokenizing Mexican bonds and equities. By bringing these assets onchain, Etherfuse is drastically reducing global barriers to entry in emerging markets. David discusses the Mexican government's enthusiastic response to their partnership and how their success could set a precedent for other governments tokenizing their treasuries through Etherfuse. Beyond their flagship "stablebonds", David speculates on how developers will use Etherfuse's SDK to build protocols to bring other secure financial assets, such as 401Ks, onchain. DISCLAIMER The content herein is provided for educational, informational, and entertainment purposes only, and d...
2024-04-2342 min
Fintech TalksFINTECH TALKS #119 - Etherfuse, tokenización de cetes en México, inversiones y blockchain 🌐💻En este nuevo episodio de Fintech Talks tenemos como invitado especial a David Taylor quien es CEO de Etherfuse. Estaremos hablando sobre Etherfuse: Fintech, Crypto e Inversiones 🌐💻
Conoce más de Etherfuse: Etherfuse.com
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2024-01-221h 00
The REPLClojure at Apple with David Taylor
David Taylor talks about adopting Clojure at Apple, lessons about management, and balancing being an engineer and a leader.
Sponsor: Deps - Private Maven Repositories
Careers at Apple
Mob Coding
Advent of Code
Joy Labs
David Taylor (@etherfuse) on Twitter
2019-01-1135 min