Tag: United States Department of the Treasury

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Modern Treasury Integrates Stablecoin Capabilities Through Beam Acquisition

Modern Treasury has acquired Beam to integrate stablecoin and fiat payment capabilities into its global money movement infrastructure. The combined platform reportedly enables instant payouts and more efficient treasury operations. Industry analysts suggest this move reflects growing stablecoin adoption in practical financial applications.

Strategic Acquisition Expands Payment Capabilities

Modern Treasury has completed its acquisition of Beam, bringing together infrastructure for global money movement with stablecoin and fiat payment orchestration, according to reports from the companies. The transaction, announced in an October press release, positions the combined platform to offer enhanced payment solutions that bypass traditional banking limitations.

by Henry Blakemore
EconomyFinance

US Treasury Expands Argentine Peso Support with Blue Chip Market Intervention

The US Treasury has expanded its intervention in Argentine markets, purchasing pesos in both spot and blue chip swap markets for the first time. Treasury Secretary Scott Bessent confirmed the actions while emphasizing the US has “capacity to act with flexibility and with force to stabilize Argentina.” The peso weakened 3.4% despite the announced support.

US Treasury Expands Argentine Currency Support

The U.S. Treasury has expanded its intervention in Argentine markets, purchasing pesos in both spot and “Blue Chip Swap” markets according to Friday announcements. This marks the first confirmed participation in the blue-chip market as part of broader efforts to stabilize Argentina’s economy, sources indicate.

by Henry Blakemore