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The Yield On Japan's 20-year Government Bonds Rose 4.0 Basis Points To 3.850%, The Highest Level Since July 1996
China's Central Bank (PBOC) Announced Today That It Conducted 15 Billion Yuan Of 7-day Reverse Repurchase Operations, With Both The Bid And Winning Bids Amounting To 15 Billion Yuan. The Operating Rate Was 1.40%, Unchanged From The Previous Rate
Methanol Futures Contract 2609 Surged During The Session, With Gains Widening To 2.97%, And Last Quoted At 2460 Yuan/ton; Trading Volume Was Approximately 15.396 Billion Yuan, With Nearly 4000 Lots Added To Open Interest During The Day, And Trading Volume And Open Interest Activity Rising Simultaneously
The Yield On Japan's 10-year Government Bonds Rose 2.5 Basis Points To 2.865%, The Highest Level Since September 1996
Benzene 2608 Futures Contract Showed Significant Strength During The Day, With Gains Widening To 3.54%, Reaching A High Of 6,824 Yuan/ton, And A Trading Volume Of Approximately 1.777 Billion Yuan. Open Interest Increased By Nearly 100 Lots During The Day, With Both Trading Volume And Open Interest Activity Rising Simultaneously
Styrene 2608 Futures Contract Showed Significant Strength During The Session, With Gains Widening To 3.64%, Reaching A High Of 7707 Yuan/ton, And A Trading Volume Of Approximately 8.482 Billion Yuan. Open Interest Decreased By Nearly 9,000 Lots During The Day, Indicating A Trend Of Rising Prices With Reduced Open Interest
Reserve Bank Of Australia Assistant Governor Hunt: If Inflation Expectations Rise, We May Have To Go Through A Period Of Low Inflation And High Unemployment
Reserve Bank Of Australia Assistant Governor Hunt: Supply Shocks Will Inevitably Present The Reserve Bank And The Overall Economy With Trade-offs
Reserve Bank Of Australia Assistant Governor Hunt: These Transmission Channels Have Been A Key Focus In Recent Weeks, Given The Recent Decline In Consumer And Business Confidence
Reserve Bank Of Australia Assistant Governor Hunt: It Is Not Always Appropriate To “ignore The Impact” When Facing Supply Shocks
Reserve Bank Of Australia Assistant Governor Hunt: The Committee Will Take Action If Necessary To Ensure That Inflation Returns To The Target Level
The Main Methanol Futures Contract Rose By 2.00% Intraday, Currently Trading At 2437.00 Yuan/ton
Bank Of Japan Official: Rate Hikes Will Only Be Supported Once Demand Is Seen To Be Pushing Inflation Higher
Cuban Foreign Minister Rodriguez Said On The 7th That, Based On Current Prices, The Long-term US Blockade Of Cuba Has Caused Cuba To Suffer Cumulative Losses Of US$178.7 Billion

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Major financial services company Western Union has filed for a trademark covering multiple crypto services just a day after sharing it would launch a stablecoin system on Solana early next year.
Western Union Holdings, Inc. filed with the US Patent and Trademark Office to trademark “WUUSD” on Wednesday, covering a range of crypto services related to stablecoins. The filing notes that the agency has accepted it, but it has yet to be assigned to an examiner.
The filing states that the WUUSD trademark could be used for a crypto wallet, crypto trading and stablecoin payment processing, among other things.
Western Union announced its stablecoin, called the US Dollar Payment Token (USDPT), on an investor call on Oct. 23, and shared on Tuesday that the token would launch on the Solana blockchain in the first half of 2026.
The company added that it would also launch a Digital Asset Network in partnership with Anchorage Digital Bank that would act as a cash off-ramp for its stablecoin service.
It’s currently unclear what the differences are between WUUSD and USDPT, as Western Union also lodged an identical trademark filing for USDPT in early October.
Western Union did not immediately respond to a request for comment.
The filing for WUUSD details that it could be used for stablecoin exchange and trading services, alongside “stablecoin payment processing.”
The filing hints at a wider array of crypto service offerings, mentioning the trademark’s use for software that manages and verifies crypto transactions, or in software “for spending and trading cryptocurrency.”
Crypto exchange, trading and payment processing services are also listed in the filing, alongside “financial brokerage services for cryptocurrency trading.”
Of note is the filing’s mention of crypto lending services, which it adds is “namely, conducting a securities and derivatives exchange,” which could be a significant departure from Western Union’s typical send and receive services.
Payment and banking service providers have been eyeing the broader adoption of stablecoins since the US passed the GENIUS Act in July, which provides increased clarity on how companies can offer US dollar-tied stablecoins.
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