Qivalis, an Amsterdam-based financial company, has gained the support of 37 European banks to launch a Euro-pegged stablecoin in the second half of 2026. The project seeks to challenge the dominance of US Dollar (USD) stablecoins, including Tether's USDT and Circle's USDC.
USD/JPY trades around 159.05 at the time of writing on Wednesday, virtually unchanged on the day, as investors balance several opposing factors surrounding the Japanese Yen (JPY) and the US Dollar (USD).
Commerzbank’s Thu Lan Nguyen notes that markets are shifting towards a scenario of a lasting inflation shock linked to the Middle East conflict, pushing US inflation expectations higher.