Federal Reserve’s Emergency Bank Regular Financing Plan Restores US Dollar Anchor Price
It is reported that in the early morning of March 13, Beijing time, after the Federal Reserve announced the new emergency bank regular financing plan and supported the Silicon Valley bank depositors to use funds on Monday, local time, the US dollar anchor price rebounded, and the US dollar anchor has been basically restored. According to the data of coingecko, the current trading price of the US dollar is US $0.991933, up 2.7% in the past 24 hours, and its market value has returned to above US $40 billion, At the time of writing, this article reached US $40427940918. （cryptoglobe）
The market value of USDC returned to above $40 billion
Analysis based on this information:
The recent announcement by the Federal Reserve regarding the new emergency bank regular financing plan has resulted in the restoration of the US dollar anchor price. Following the announcement, Silicon Valley bank depositors were allowed to use their funds on Monday, leading to the rebound of the US dollar anchor price. This development has restored the market value of the US dollar above $40 billion.
According to the data of coingecko, the current trading price of the US dollar is $0.991933, showing a 2.7% increase in the past 24 hours. The market value of the US dollar has also risen above $40 billion, specifically reaching $40,427,940,918 at the time of writing.
The restoration of the US dollar anchor price signifies the crucial role of the Federal Reserve’s emergency bank financing plan in stabilizing the US economy. As a result, investors can now trust the value of their investments, particularly those related to the US dollar.
This development provides a positive outlook for the US economy as it assures potential investors and depositors that their financial investments are safe and secure. Hence, this would lead to an increase in financial confidence that is needed to stimulate economic growth.
To conclude, the restoration of the US dollar anchor price following the Federal Reserve’s announcement of an emergency bank regular financing plan is a positive sign towards the recovery and stability of the US economy. The execution of such measures ensures the reliability and trustworthiness of the US dollar’s value, boosting investors’ confidence to promote economic growth.
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