
NEWS
5/11/2026
Bank of England Chief Flags ‘Coming Wrestle' With US on Stablecoin Oversight
The BoE Governor warned U.S. dollar tokens could flood Britain in a crisis, given the gap in redemption guarantees under the GENIUS Act.
D
Decrypt
The BoE Governor warned U.S. dollar tokens could flood Britain in a crisis, given the gap in redemption guarantees under the GENIUS Act.

The global oil market has supported the U.S. dollar for over 50 years. But the system shows signs of cracking under the Iran war.
A 10% decline in the US dollar's value under the Trump administration has made everyday life more expensive for many Americans, increasing costs for imported goods, travel, and raw materials, despite benefiting large corporations and exporters.

The South Korean won weakened against the U.S. dollar as stalled peace talks between the U.S. and Iran led to a surge in global oil prices, impacting South Korea's energy imports and increasing market volatility.