transaction layer bitcoin (vit131)

transaction layer bitcoin

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This Week's Key Economic Events (By US Date) 🗓️ MONDAY, MARCH 24 - S&P Preliminary PMI for US Services and Manufacturing (tracks services and manufacturing data) 🗓️ TUESDAY, MARCH 25 - S&P Case-Shiller Home Price Index (20 Cities) 🗓️ WEDNESDAY, MARCH 26 - St. Louis Fed President Louis Fed, Alberto Musalem, speaks 🗓️ THURSDAY, MARCH 27 - US initial jobless claims (Forecast: 226,000 | Previous: 223,000) - Richmond Fed President Tom Barkin speaks 🗓️ FRIDAY, MARCH 28 - US PCE inflation data (Forecast: 2.5% | Previous: 2.5%) - US PCE core data (Forecast: 2.7% | Previous: 2.6%) - Mexico interest rate decision (0.5% cut expected)

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The United States is considering a bill to regulate stablecoins, including a two-year ban on stablecoins backed only by self-issued digital assets. The Ministry of Finance is tasked with assessing the risks of these stablecoins to build a legal framework that ensures market stability and safety. The United States will use stablecoins in the market and will not issue a national digital currency. Source X @Cointelegraph

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Tether reported profits of $13 billion in 2024 with about 100 employees, equivalent to $130 million in profits per employee. Saudi Aramco (oil producer) is the most profitable company in the world in 2024, recording $120.7 billion in profits with 70,000 employees, equivalent to $1.72 million in profit per employee. Tether is currently the most profitable company per capita in the world.

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