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14:24
Stablecoin foreign exchange in Latin America and East Africa is approaching parity with banking channels.
According to Borderless data, stablecoin foreign exchange conversions in key Latin American and East African corridors are gradually reaching parity with traditional banking channels. The Latin American market has already demonstrated "institutional-level" pricing, with execution costs close to zero; in the East African market, intensified competition among service providers has led to rapidly narrowing spreads.
14:20
The Baltic Dry Index hits the highest level in over a month
Golden Ten Data Futures reported on April 9 that on Thursday, the Baltic Dry Index rose to its highest level in over a month, as freight rates for all vessel types increased. The Baltic Dry Index gained 22 points, or 1%, from the previous trading day to reach 2,161 points, marking the highest level since March 5. The Capesize index rose by 15 points, or about 0.5%, hitting a more than one-month high of 3,235 points. Average daily earnings for Capesize vessels increased by $133 to $25,835. The Panamax index climbed 19 points, or about 1%, to reach 1,842 points. Average daily earnings for Panamax vessels rose by $173 to $16,582. The Supramax index was up by 32 points, or 2.5%, to 1,293 points.
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