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Federal Reserve Data Shows That The Effective Federal Funds Rate In The United States Was 3.88% On November 5, With A Trading Volume Of $111 Billion; On November 4, It Was 3.88%, With A Trading Volume Of $115 Billion
Market News: Israeli Opposition Leader Eisenkot Said He Is Willing To Accept The Formation Of A Minority Government
According To TASS, Citing Air Traffic Control Sources, This Is The Third Time Since Monday That A NATO Reconnaissance Aircraft Has Been Spotted Near Russia's Kaliningrad Oblast
Market News: A Spokesperson For The Yemeni Armed Forces Stated That A Saudi F-15 Fighter Jet Launched Three Airstrikes On The Al-Hadara Market In Al-Waziyah, Taiz Province. The Attack Resulted In Dozens Of Civilian Casualties. This "barbaric Crime" Will Undoubtedly Draw A Response
Market News: Iranian Foreign Minister Araqchi Spoke By Phone With Tunisian Foreign Minister Nafti. During The Call, Araqchi Outlined Diplomatic Efforts And Initiatives Aimed At Easing Regional Tensions And Strengthening Regional Stability, And Exchanged Views With The Tunisian Foreign Minister On The Current Regional Situation And Related Developments
The Governor Of The Central Bank Of Turkey Stated That The Central Bank Will Monitor Financial Stability And Liquidity Conditions And Take Proactive Measures When Necessary
Turkish Central Bank Governor Callahan: Capital Outflows Have Weakened Demand For Corporate Bonds
Bitcoin Fell 0.1% To $75,633 After The Release Of US Jobs Data, Down From $75,946 Before The Data Release
Turkish Central Bank Governor Callahan: The Central Bank Is Monitoring The Dynamics Of The Fund Market
The Yield On German 10-year Government Bonds Was Little Changed After The Release Of US Data, And Was Last Up 2 Basis Points To 3.26%
The Canadian Dollar Continued Its Decline After The Release Of Employment Data, Falling 0.6% To 1.41 Canadian Dollars Against The US Dollar

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FOMC Member Hammack Speaks
Richmond Federal Reserve President Barkin delivered a speech.
ECB President Lagarde Speaks
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Bank of Canada Governor Macklem and Senior Deputy Governor Rogers testified before a Senate committee.
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Financial services company Western Union has said its stablecoin settlement system, which it announced in its third-quarter earnings call last week, will use the Solana blockchain.
Its stablecoin system will consist of the US Dollar Payment Token (USDPT) and the Digital Asset Network, which will be built in partnership with Anchorage Digital Bank, Western Union said on Tuesday
The company expects that USDPT will launch in the first half of 2026, providing customer access through partner exchanges to broaden accessibility, similar to how the PayPal USD (PYUSD) stablecoin is listed on Binance and other exchanges.
It added that the Digital Asset Network will serve as a cash off-ramp for the remittance platform’s more than 150 million customers, spread across over 200 countries and territories.
Speaking at the Money 20/20 USA conference in Las Vegas on Tuesday, Western Union CEO Devin McGranahan said his team, after comparing many other alternatives, concluded that Solana was the “right choice” for building an institutional-ready stablecoin platform.
Solana@solanaOct 28, 2025"For 175 years, we've been connecting people, moving $150 billion a year. Digital assets is the next evolution.
We looked at alternatives, and came to the conclusion that Solana was the right choice."
- Devin McGranahan, CEO, Western Union pic.twitter.com/8ni2b47ktk
Traditional payment platforms are increasingly exploring blockchain for cross-border remittances, with proponents of the switch saying the technology is faster, cheaper, and more transparent compared to using traditional payment rails.
Zelle, MoneyGram make stablecoin moves
On Friday, the parent company behind payments platform Zelle said it would launch stablecoins to fuel faster cross-border payments, while MoneyGram announced in mid-September that it would integrate its crypto app in Colombia to offer a USDC (USDC) wallet for locals.
GENIUS Act boosts stablecoin plans
The rise in stablecoin adoption coincides with increased regulatory clarity in the US following the signing of the stablecoin-focused GENIUS Act into law by President Donald Trump in July.
Last week, McGranahan said Western Union initially refrained from crypto due to concerns with market volatility, regulatory uncertainty, and customer protection; however, passage of the GENIUS Act changed that course.
The US Treasury Department estimated in April that the stablecoin market was worth $311.5 billion and is estimated to reach $2 trillion by 2028.
Western Union’s move into the stablecoin arena comes a little over three months after it first hinted at plans to integrate stablecoins in July.
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