Final penny pressed at U.S. Mint in Philadelphia
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The U.S. Mint struck its final run of one-cent coins Wednesday, ending almost 230 years of near-continuous penny production.
Speaking at the Treasury Market Conference, Bessent explained how the department is thinking about long-term borrowing, noting that the explosive rise of stablecoins and money-market funds will play a larger role in shaping future U.S. debt demand.
America’s last penny was struck at the U.S. Mint in Philadelphia, the end of a coin production that started in 1793 and ended Nov. 12. We’re already starting to miss them.
Treasury Department said a design isn't final after the U.S. Treasurer posted an image of a commemorative coin with President Trump's likeness.
The last two pennies minted at the U.S. Mint in Philadelphia on Wednesday were stamped with a special omega and will not be circulated. Instead, the government intends to auction the pennies off.
The Treasury is facing conflicting feedback on implementing the GENIUS Act, as banks like BPI and crypto exchange Coinbase clash over stablecoin interest.
In the spring, market commentators predicted a global bond sell-off. Six months later, the US Treasury market is still alive and well—here's why.
The U.S. Treasury has announced sanctions against a criminal group using Mexican casinos to launder drug money for the Sinaloa cartel.
The United States Department of the Treasury and the Internal Revenue Service (IRS) have issued new guidance allowing crypto exchange-traded products (ETPs) to stake digital assets and share staking rewards with retail investors, according to Treasury Secretary Scott Bessent.