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De-Dollarization Debunked: US Dollar Still King, Study Finds

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Despite the consistent efforts of US dollar alternatives to derail the USD and trigger de-dollarization, a new study reveals that the American currency is still standing tall amid the grueling pressure. A novel study conducted by the Atlantic Council Geoeconomics Center revealed how the USD indisputably remains the king of currencies despite being surrounded by external forces vying to hammer the US dollar down. Also Read: Petrodollar: Saudi Arabia’s Surplus Hits $11B, 7 Month Peak USD -an-indisputable-currency-king"> USD : An Indisputable Currency King Image Source: WatcherGuru The study elaborates on a few pointers indicative of the US dollar’s unmatched popularity and success on a global scale. The Analysis shares how the US dollar remains unscathed in terms of reserves, trades, and transaction metrics, signaling a strong foothold in all the areas mentioned above. The reports later elaborated on how the USD is firmly rooted in its cause and will remain steadfast in its a...

Binance refutes euro issues, confirms additional KYC

Binance spokesperson told crypto.news confirmed that SEPA-based euro payments will continue to be processed until Sept. 25 but with a catch. In an Aug. 22 statement, a Binance spokesperson told crypto.news that the SEPA deposit and withdrawal service will continue until 25 September. Still, additional checks are likely for users who intend to use SEPA transfers to interact with their accounts in the exchange: “As we approach that date, some users may occasionally be asked for more information as part of routine compliance checks, which could lead to early closure of their accounts.” Binance spokesperson Binance’s statement ended in a standard cookie-cutter apology by the company. The company apologized “for the inconvenience, and it is important to note that we will have alternatives for our users in place before the end of the SEPA service.” You might also like: Binance to exit Netherlands after failing to obtain registration The answer f...