First Move with Julia Chatterley
Digging into the big stories that will shape the day for viewers in Asia as they wake up, tapping into CNN’s network of correspondents around the globe, alongside news-making guests and expert analysis to provide a comprehensive briefing on what matters and why. First Move takes on a broad palate, covering news, finance, business, technology, AI, art, travel, fashion, sports & entertainment. Plus, exploring the frontier science, cutting-edge technologies and innovations driving 21st century societies, while analyzing their impact on the climate, health, wealth and geopolitical competition. New episodes drop Monday - Friday.
The US Congress has very little time left to avoid a default. Whether that happens or not, even flirting with the prospect has big consequences for investors in US assets like US government bonds, which are supposed to be the safest assets to own. Imagine you provide a product whose value is tied to the US dollar and investors trust that you have exactly the same amount of cash or bonds, for example, to back it up. In very simple terms, that is how a stablecoin works. Circle is a financial service company that issues one of the world's largest, known as a USDC. Stablecoins facilitate trades in cryptocurrencies, but they're also used to lend, borrow and send payments around the world with lower transaction costs. Joining Julia to discuss is Circle CEO Jeremy Allaire.