USDC lending pays about 4.8% across the biggest DeFi pools, roughly a point above the Fed. Live supply rates for 89 pools on Aave, Maple, Compound and more.
DeFi - Best Decentralized Finance Projects | What is DeFi in Crypto
DeFi(Decentralized Finance) is the movement that leverages decentralized networks to transform old financial products into trustless and transparent protocols.
Why Do Borrowers Make Mortgage Refinancing Mistakes?
Refinancing a mortgage is often one of the most important financial decisions people make. Borrowers choose the interest rate differential at which to refinance, and when that differential is reached, they need to take the steps to refinance before rates change again. Using a simple closed-form solution approximation of the optimal refinancing rule and a unique panel data set including information from a large secondary market participant on refinancing, we find that approximately 57% of borrowers refinance suboptimally—50% choose the wrong rate, 17% wait too long to refinance, and 10% do both. Financially sophisticated borrowers make smaller mistakes, refinancing at rates closer to optimal and waiting less after mortgage rates reach their trigger rates. Evidence suggests borrowers learn from their refinancing experiences. This paper was accepted by Amit Seru, finance.
Looking for a “fair” international monetary system
President Trump’s Chief Economic Adviser, Stephen Miran, has claimed that the international monetary system in which the US provides the rest of the world with a safe, liquid asset is “unfair” as it supposedly prevents the US from eliminating its current account deficit. His proposed solution is to lower the value of the dollar through coordinated currency market intervention by foreign central banks. This column finds the idea that there could be lasting reversal of exchange rates following an international currency agreement highly speculative, and argues that a multipolar system would attenuate the Triffin dilemma and provide the US with a deficit-adjustment tool.
The Co-Holding Puzzle: New Evidence from Transaction-Level Data
The tendency of consumers to hold low-yield liquid savings while simultaneously holding high-cost unsecured credit on revolving credit lines is a long standing
Consumer Rationality and Credit Cards
Borrowing on credit cards at high interest rates might appear irrational. However, even low transactions costs can make credit cards attractive relative to bank loans. Credit cards also provide liquidity services by allowing consumers to avoid some of the opportunity costs of holding money. The effect of alternative interest rates on the demand for card debits can explain why credit card interest rates only partially reflect changes in the cost of funds. Credit card interest rates that are inflexible relative to the cost of funds are not inconsistent with a competitive equilibrium that yields zero profits for the marginal entrant.
Interest Rates: Prices Hidden in Plain Sight
I study ways the shift in credit price disclosures from dollar terms to interest rates has impacted consumer and firm behavior. In an experiment, I find that co
annotations: Ni Triffin, ni Miran : pourquoi le statut de monnaie de réserve du dollar ne dépend plus du compte courant américain
Blog de sciences économiques et sociales de Martin Anota. Traductions, revues de presse.
The Quiet Rewiring of American Finance
Stablecoins, Treasury markets, and the most significant shift in financial infrastructure that almost nobody is discussing.
With rising interest rates, something deeper than inflation is going on
Typically, bond rates rise when an economy is doing well and inflation appears to be moving up. But something much deeper and more structural is currently going on.
Hand the pen to the Committee
The Fed’s main reason for raising rates took three weeks to reach the public. The statement should carry it on decision day.
Live Updates: Warsh and Fed Officials Raise Interest Rates to Fight Inflation
The Federal Reserve raised interest rates for the first time since 2023, by a quarter of a percentage point, and suggested more increases could follow. The move puts its new leader, Kevin Warsh, at odds with President Trump.
Regulated Crypto Payment Gateway for Businesses | CoinGate
Accept and send BTC, USDC, and 10+ crypto assets. Convert between EUR or stablecoins instantly. MiCA-regulated gateway with manual and API setups. Join us.
Lower-income country debt payments hit highest level in 30 years - Debt Justice
Lower-income country debt payments have trebled in the last decade, according to figures calculated by Debt Justice based on IMF and World Bank data
SWIFT Payment Statistics 2026: 15.1B Messages, Currency Data
SWIFT moved 15.1B messages in 2025, up 12.1%. USD held 50.99% of payment value in July 2026. Regional flow, speed and cost data, sourced and dated. SWIFT Payment Statistics 2026 update.
Bridge | Stablecoin Infrastructure and APIs for Developers
A stablecoin platform built for developers. Enable quick, easy, and cost-effective global money movement that seamlessly integrates with your existing applications.
