Ripple’s RLUSD stablecoin launch sparks a warning against “FOMO,” as early supply shortages could cause temporary price spikes before stabilizing near $ 1. RLUSD Launch Warning: Why Ripple CTO Urges Caution Amid Initial Supply Issues Ripple’s chief technology officer, David Schwartz, has issued a measured warning about early price volatility for the company’s U.S. …
As Nigeria grapples with cash shortages, the country’s central bank warned of the presence of counterfeit, higher-denomination naira banknotes. The bank has urged members of the public to report anyone suspected of falsifying or counterfeiting the banknotes. Central Bank Collaborates With Nigerian Agencies The Central Bank of Nigeria (CBN) has issued a warning to …
According to a report, the central banks of Ethiopia and Nigeria recently consummated a $ 100 million currency swap transaction. Under the arrangement, an Ethiopian airliner was paid local currency equivalent to $ 100 million while Dangote Cement is said to have received a similar amount of nairas. Ongoing U.S. Dollar Shortages …