List of Flash News about cost of penny production
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2025-05-22 12:52 |
US Treasury to Halt Penny Circulation in 2025: Key Impact on Digital Payments and Crypto Adoption
According to The Kobeissi Letter, the US Treasury has announced it will stop putting new pennies into circulation by early next year, requiring businesses to round transactions to the nearest 5 cents (source: The Kobeissi Letter, May 22, 2025). The decision is expected to save costs, as each penny currently costs 4 cents to produce. For traders, this move could accelerate the shift toward digital payments and further legitimize cryptocurrencies as businesses and consumers seek efficient transaction methods. Crypto assets and stablecoins may benefit from increased adoption due to their divisibility and efficiency compared to physical cash. |