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Key points from Powell's speech on April 16: The impact of tariffs may be more lasting, and cryptocurrencies are gradually becoming mainstream

ChainCatcher news, summary of key points from Powell's speech on April 16:Interest Rate Outlook: High uncertainty; currently in a good position, waiting for clearer signals before considering policy adjustments.Economic Outlook: The U.S. economy remains "robust," with strong imports in the first quarter causing a drag, GDP growth may slow compared to last year.Inflation Outlook: The impact of tariffs may be more persistent, expected to push up inflation; March PCE year-on-year is expected to be 2.3%, core PCE at 2.6%.Labor Market: Overall remains balanced; reduced funding for research is expected to have a significant impact on employment; unemployment rate is expected to rise.Tariff Impact: The extent of tariff increases so far has far exceeded expectations; policies are still being adjusted, and the impact remains highly uncertain.Cryptocurrency: Gradually becoming mainstream, a legal framework for stablecoins needs to be established; bank regulation is expected to see "partial easing."Independence: The independence of the Federal Reserve is legally granted; the Federal Reserve will not be influenced by political pressure.Others: Don't expect the Federal Reserve to step in to rescue the market; if a dollar shortage occurs, the Federal Reserve is prepared to provide liquidity to global central banks.Market Reaction: After a decline, the U.S. dollar index rebounded and then fell again; U.S. stocks continued to decline, with the Nasdaq down nearly 4%, and gold slightly climbed.

Data: The Trump family WLFI stablecoin USD1 has a market value of 127.8 million, with over 113 million issued on the BNB chain, accounting for nearly 90% of the current total circulation

ChainCatcher news, according to Coinmarketcap and BscScan data, as of now, the Trump family's crypto project WLFI's stablecoin USD1 has issued over 113 million USD1 on the BNB Smart Chain (BSC), accounting for nearly 90% of the circulation. The current total market capitalization of USD1 is close to 127.8 million, with a 24-hour trading volume of nearly 100 million dollars, and the total value locked (TVL) in BNB Chain and Ethereum exceeds 30 million dollars.In addition, USD1 has recently opened a trading pool on Pancakeswap, where the USD1 liquidity pool on Pancake has exceeded 19 million, and the USD1 TVL on Pancake V3 is 10.95 million dollars. The lending product of the staking protocol ListaDao on BNB Chain has also recently launched the USD1 Vault, which offers a lending limit of 20 million dollars in USD1, allowing users to borrow USD1 using BTCB and WBNB as collateral.USD1 is 100% backed by short-term U.S. Treasury bonds, dollar deposits, and other cash equivalents, pegged 1:1 to the dollar, aiming to provide a safe and efficient cross-border transaction tool for sovereign investors and institutions.Currently, USD1 has been included in the BNB Chain's stablecoin 0 gas fee activity, providing a smooth stablecoin transfer experience for more users. BNB Chain has been committed to expanding stablecoin scenarios and promoting large-scale applications of crypto. According to today's data from Dune, the total market capitalization of stablecoins on BNB Chain is 7.2 billion dollars.
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