External broker reports(aggregated public sources), Scotiabank

Scotiabank

Scotiabank’s global foreign exchange strategy team provides in-depth regional insights and macro-economic analysis for G10 and advanced economies, Asia Pacific, and Latin America. Find technical and fundamental strategy reports focused on trade ideas, market risks, and the unfolding macro outlook. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

FX & Rates

<ul><li>The US Congress recently successfully passed several stablecoin bills seeking to establish a regulatory framework for this nascent segment of the digital asset industry.</li><li>In summary, the legislation has enabled the development of private stablecoins within the existing US financial infrastructure while forcing issuers to back them with US Treasury securities (see July 15 FX Snapshot).</li><li>The US success comes within the context of a global effort on the part of other major developed economy central banks (ECB, BoE) to encourage greater use of non-USD reserve currencies in denominating financial market securities and trade-related transactions.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

The US Congress recently successfully passed several stablecoin bills seeking to establish a regulatory framework for this nascent segment of the digital asset industry.In summary, the legislation has enabled the development of private stablecoins within the existing US financial infrastructure while forcing issuers to back them with US Treasury securities (see July 15 FX Snapshot).The US success comes within the context of a global effort on the part of other major developed economy central banks (ECB, BoE) to encourage greater use of non-USD reserve currencies in denominating financial market securities and trade-related transactions.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

FX Snapshot - USD Stablecoin Developments To Entrench Global Dollarization