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Crypto’s Newest Stablecoin Is Inflation-Linked Bond Alternative

(Bloomberg) -- A new cryptocurrency aims to occupy the final frontier of investor safety — cash that doesn’t lose purchasing power to inflation.Most Read from BloombergHow Did This Suburb Figure Out Mass Transit?Even Oslo Has an Air Quality ProblemNYC Tourist Helicopter Crashes in Hudson River, Killing Six$15 Million Fund Bets Leadership Training Can Improve Chicago PolicingLA County Floats Leaner Budget Burdened by Fire and Legal CostsUSDi, being launched by two veterans of US inflation-protect

Citigroup profit beats estimates as stock trading jumps 23%

Citigroup beat Wall Street estimates for first-quarter profit on Tuesday as its traders reaped a windfall from volatile markets that fueled client activity. The third-largest U.S. lender's earnings echoed those of Wall Street rivals, including JPMorgan Chase, Bank of America, and Morgan Stanley, whose results were also lifted by stronger equities trading. While industry profits rose, executives warned that U.S. tariff policies cast a shadow over the economic outlook.