Paxos USDG will have a significant impact in the EU's regulated stablecoin markets, offering an alternative to USDC and others for 450 million residents.
A federal trust charter would bring Circle under direct federal bank regulator oversight, aligning it with how traditional financial institutions are overseen.
The project had reached the stage of developing a pilot program together with participating banks.
According to a recent analytics, stablecoins handled 35 trillion in on-chain transaction volume over the past year, with their average supply hovering around 195 billion. Related Reading: TRUMP Token In Trouble? Over $4 Million Liquidity Exit Sparks Crash Fears Those numbers show how much these tokens fuel trades, loans and cross-border transfers. Yet questions about whether they really count as “money” are now front and center. Stablecoin On-Chain Traffic Based on reports, stablecoins have become the workhorses of crypto trading. Volume hit 35 trillion in the last 12 months. At the same time, their circulating supply stayed at 194.6 billion. That steady supply suggests tokens like USDC and USDT are parked, ready for the next move. Traders shift them in and out of Bitcoin and altcoins. Payment platforms weave them into digital rails. The scale is hard to ignore. IMF Deputy MD Raises Money Question According to IMF Deputy Managing Director Bo Li, the big challenge is classification. Are stablecoins part of M0, M1 or a new category altogether? He posed those questions at the 2025 World Economic Forum in Davos. Getting that wrong could reshape how banks set reserves and how regulators cut red tape. Li also pointed out that policy experiments are popping up all over. Some of them may not survive a real stress test. Key Takeaways: IMF’s Bo Li said regulatory uncertainty around stablecoins persists, especially regarding classification and enforcement. Global financial bodies are working to align frameworks but… https://t.co/V75hFYV5pX #Stablecoin #Cryptocurrency #IMF #Regulation #Finance — Entrepreneur_cm (@entrepreneur_cm) June 25, 2025 National Rules Diverge Based on policy outlines, the US is moving ahead with the GENIUS Act. Europe has drafted its own rulebook. Over in Asia, Hong Kong plans to roll out its Stablecoin Ordinance in August 2025. Those efforts show a strong push to make rules more clear. But they also underscore a lack of global unity. Businesses could face one set of rules in New York, another in Brussels and a third in Hong Kong. That patchwork approach risks adding costs for firms and confusion for users. Global Bodies Seek Cooperation According to Bo Li’s remarks, fragmented rules carry real risks. He warned that gaps in enforcement might let bad actors slip through. To avoid that, the IMF is teaming up with the Financial Stability Board and the Basel Committee. Their goal is to craft more consistent guidance. If they pull it off, regulators in different countries might follow a shared playbook rather than compete by cutting corners. Related Reading: Bitcoin Braces For Fed Shake-Up As Trump Eyes Powell Exit Market Keeps Growing Based on market data, stablecoin supply has now topped 250 billion. A large share of that capital is parked in Bitcoin, waiting for the next rally. Some analysts spot chart patterns that echo early altcoin breakouts. That could signal a fresh surge of trading across tokens once confidence builds. For now, stablecoins sit at the center of crypto plumbing. Featured image from Unsplash, chart from TradingView
The new feature enables faster, cheaper cross-border payments for merchants and shoppers, the company said.
South Korea’s retail traders just made Circle their top foreign stock as a new president ramps up stablecoin regulations.
Taurus’s stablecoin privacy layer uses zero-knowledge proofs and was built atop the Aztec Network.
The move comes as the CEO shared plans to re-enter the crypto business under the Trump administration after having exiting digital asset services in 2023.
Speaking on The Block's Big Brain podcast, Tether CEO Paolo Ardoino said USDT and Bitcoin will power transactions among AI agents.
Based on reports, stablecoin issuance has kept climbing for the past 90 days, with billions of dollars flowing in each week. Investors appear to be waiting for a clear sign before moving capital. Right now, USDT holds over 66% of that market, while USDC and DAI share the rest. In total, stablecoins account for about $250 billion, or almost 8% of all crypto assets. Related Reading: Bunker Buster: Ethereum Titans Stake $100 Million Amid US-Iran Hostilities Stablecoin Supply Hitting New Highs Demand for a trusted dollar peg is driving this growth. Tether leads by a wide margin because many traders trust its stability. Stablecoin reserves have swelled, even as other segments stay quiet. This points to plenty of cash on the sidelines. ????Billions in Stablecoins are issued weekly, and the 90-day change for all Stablecoins shows a large amount of liquidity available in the market. Tether (USDT) stands out, representing 66.2% of the entire Stablecoin market. Currently, the Stablecoin market cap is close to $250B… pic.twitter.com/DugpqDiEPl — Alphractal (@Alphractal) June 24, 2025 Bitcoin And Stablecoin Dominance Bitcoin and stablecoins together make up roughly 74% of the total crypto market. That’s a big number. In past cycles, once those balances peak, money often moves into smaller tokens. Right now, Bitcoin’s price is steadying after recent swings. Stablecoin balances keep growing. I can’t promise anything, but there’s a strong chance that a powerful Altcoin Season will take hold in the third quarter of 2025. I had already mentioned this in some posts before, about June and July, and I still stand by that analysis. The main reasons are the large amount of… https://t.co/TjRyxBxSKs — Joao Wedson (@joao_wedson) June 24, 2025 Altcoin Season On The Horizon Based on forecasts from analyst Joao Wedson, altcoins could see a lift in Q3 2025. He points to the huge amount of stablecoin liquidity and persistent doubt among retail and big players. That stage of doubt has come before in other cycles, and it usually marks a turning point. When confidence returns, altcoins tend to surge. Investors Poised On The Sidelines Many holders seem ready to hit buy. They’re holding onto stablecoins until charts, on-chain data or macro news clear up. A boost in stablecoin flows to exchanges could be one early hint that rotation is starting. Large moves by whale wallets into low-cap tokens may follow. In recent weeks, inflows of stablecoins into trading platforms have ticked higher. That’s a key signal to watch. If weekly inflows rise sharply—say above $5 billion—it may show serious appetite building. Past cycles saw similar spikes just before altcoin rallies began. Another one to monitor is decentralized finance platform volume. When stablecoins move from wallets to lending or liquidity pools, it usually indicates that traders are looking for return and preparing to swap to other tokens. Related Reading: Bitcoin Paces $15 Billion YTD Influx Amid 10-Week Fund Flow Streak Market observers will also be monitoring Bitcoin’s consolidation range closely. If it remains above recent lows for a few weeks, that would give confidence a boost everywhere. Then we could see smaller cryptocurrencies move higher on new liquidity. Based on these signals, it looks like we’re in a waiting game. Stablecoin supplies are at record levels, Bitcoin is settling, and altcoin sentiment remains low. When all that lines up just right, funds are likely to rotate. Then the altcoin sector could see new life. Featured image from Imagen, chart from TradingView
The decline coincided with a BIS report casting doubts about stablecoins' future role in global finance.
The payments giant is integrating PYUSD, USDG and FIUSD into its network, expanding stablecoin payments and settlements for consumers and merchants.
Circle’s blistering rally reflects investor hunger for stablecoin exposure, but lofty valuation multiples are raising eyebrows.
NYSE-listed Fiserv plans to launch a stablecoin on Solana this year, using technology from Paxos and Circle amid upcoming U.S. laws.
Stablecoin backing is under fresh fire after outspoken economist and gold supporter Peter Schiff took aim at tokens tied to US dollar reserves. He argues that relying on a fiat currency he views as shaky makes little sense when a more stable asset exists. Related Reading: Bitcoin Nears Climax, But A Twist Awaits—Analyst Reveals Key Insight His comments have reignited a long‑running debate about what should sit behind digital coins that promise a steady peg. Schiff Questions Fiat Backing According to Schiff, it makes no sense to support a token pegged to a currency that can be inflated away. “I get Bitcoin, but not US dollar stablecoins,” he wrote in a social media post. He pointed out that fiat money can be printed in large amounts, while gold has a fixed supply and centuries of use as money. Schiff said gold cannot be easily devalued by inflation or reckless monetary policies. I get Bitcoin, but not U.S. dollar stablecoins. If you’re going to introduce a third party custodian, why settle for a token backed by a flawed fiat currency like the dollar, when you can own one backed by gold? You get the same liquidity, but you also get a real store of value. — Peter Schiff (@PeterSchiff) June 19, 2025 Gold‑Backed Tokens On The Rise Based on reports, gold‑backed stablecoins are seeing more interest from investors worried about inflation and dollar weakness. Tokens like Tether Gold (XAUT) and Paxos Gold (PAXG) let users move digital claims on physical gold. These assets give the same quick transfers and high liquidity as dollar‑pegged coins but tie each token to real metal stored in vaults. Regulatory Scrutiny Intensifies Regulators across the globe are racing to establish precise regulations for stablecoin reserves. Congress members in the US are considering tighter reserve and audit requirements. Europe and Asia are creating their own regulations to achieve transparency and safeguard users. Schiff’s call for gold introduces additional context to these discussions. It could lead regulators to explore whether commodities can serve as backing for tokens under particular regimes. Market Reaction Mixed According to reports, Schiff’s tweet trended, garnering over 500,000 views within 24 hours. Crypto naysayers applauded his observation on fiat risk. Other investors cautioned that gold-backed tokens have higher fees and cumbersome custody expenses. They explained that transferring metal or establishing physical reserves introduces friction when compared with exchanging dollar-backed coins at a bank custodian. Related Reading: Dogecoin Breaks Free—Could Soar 60%, Analyst Says Investors also pointed out that stablecoins are widely used in lending, trading and payments within DeFi platforms. Dollar‑pegged tokens like USDC and USDT dominate these flows because they tie directly into existing banking rails. Gold‑backed coins, by contrast, tend to be held as digital bullion rather than spent on everyday transactions. Featured image Imagen, chart from TradingView
The vocal crypto and bitcoin critic advocated for gold-backed stablecoins instead of U.S. dollar-pegged ones, and he plans to launch one himself.
Wednesday’s rally reflects investor confidence that Circle will be the chief beneficiary if the U.S. formally embraces stablecoins as digital cash equivalents.
The XRP Ledger (XRPL) is witnessing increased network activity, which is bullish for its native token’s price. On-chain data also shows that whales are actively accumulating XRP, with the addresses holding one million coins recently reaching a new high. XRP Ledger Records Massive Growth In Past Week In an X post, on-chain analytics platform Santiment revealed that the XRP Ledger is showing signs of growth, from both a usage and key stakeholder perspective. The platform revealed that there are now over 2,700 whale and shark wallets holding at least 1 million XRP for the first time in the token’s 12-year history. Related Reading: Is There A “Secret XRP Ledger” And Is The Price Really At $1,000? Additionally, Santiment stated that the number of active XRP addresses has averaged over 295,000 daily over the past week. This is notable as the normal daily average over the past three months was between 35,000 and 40,000. It is worth mentioning that the XRPL recorded some major developments last week. One is the launch of Circle’s USDC stablecoin on the XRP Ledger. This is expected to boost network activity given the increasing demand for stablecoins. Crypto analyst Moon Lambo predicted that this would increase the total value locked (TVL) on the network. He also noted how this was bullish for the XRP price, since users will need the token for every USDC transaction. Furthermore, Ondo Finance launched its tokenized US treasury fund (OUSG) on the XRP Ledger last week, which could have also contributed to the surge in network activity. The BlackRock-backed fund will be mintable and redeemable using the RLUSD stablecoin. Meanwhile, Guggenheim also recently partnered with Ripple to launch the first Digital Commercial Paper on the XRPL. Expert Predicts Price Rally Above $4 Amid the surge in network activity on the XRPL, crypto analyst Javon Marks has predicted that the XRP price could rally above $4 and even reach as high as $8. He stated that the altcoin is holding a clear breakout and is getting ready for a major bullish continuation. Marks added that the targets are at $4.80 and $8, marking new all-time highs (ATHs) for XRP. Related Reading: These Factors Will Drive XRP Price To $25-$75 In June – Analyst Crypto analyst Dark Defender recently alluded to a previous analysis in which he stated that the XRP price could make a decision within two weeks. The analyst is confident that the altcoin could rally to as high as $6 on this Wave 5 impulsive move to the upside. He has also previously predicted that XRP would reach double digits in this market cycle. On the other hand, it is worth mentioning that the XRP price has again dropped below the $2.25 level. Crypto analyst CasiTrades had warned that the support levels at $2.01, $1.90, and $1.55 could be in play if the $2.25 level holds as resistance. At the time of writing, the XRP price is trading at around $2.16, down over 3% in the last 24 hours, according to data from CoinMarketCap. Featured image from Adobe Stock, chart from Tradingview.com
With Coinbase Payments, the company said it aims to offer fast, global USDC transactions for merchants without needing blockchain expertise.
MisterCrypto unveiled an exciting bullish news for Bitcoin price and the broader crypto market. Today, as FOMC meeting approaches, prior to this meet a staggering $1 billion worth of USDT was minted on Ethereum. This significant influx of cash coming into the world’s largest stablecoin clearly a pivotal moment for Bitcoin, especially if the Federal …
China is stepping up efforts to give its digital yuan a global push. In a major policy reveal at the Lujiazui Forum, People’s Bank of China (PBOC) Governor Pan Gongsheng announced the launch of an international operation center for the e-CNY in Shanghai. This move signals China’s broader ambition to boost the digital yuan’s presence …
The U.S. Senate passed the GENIUS Act on June 17 with a 51-23 vote, making it the first major crypto legislation to clear the chamber. The bill represents a significant step toward establishing clearer rules for the digital asset industry. It now moves to the House of Representatives, which must decide whether to move forward …
The GENIUS Act is seen as a major win for stablecoin issuers like Circle and the crypto industry at large.
The U.S. Congress has officially passed the GENIUS Act, a historic piece of legislation that brings clear regulations to stablecoins. This decision is expected to fuel adoption of RLUSD, Ripple’s stablecoin built on the XRP Ledger (XRPL)—and indirectly boost XRP’s price and utility. Let’s break down how this law changes the game for stablecoins, and …
It’s a big day for the crypto world. The US Senate has officially passed the Genius Act, an important stablecoin bill. With a strong 68-30 vote, the bill will now move to the House, where it’s expected to pass quickly before heading to President Trump’s desk for final approval. This new law could reshape the …
Recent on-chain data suggests that Bitcoin (BTC) whales may be preparing for a potential rally, as Binance BTC withdrawals have seen a notable spike. Additionally, rising stablecoin inflows to exchanges indicate growing buy-side liquidity, reinforcing the market’s bullish sentiment. Bitcoin Whales Foreseeing Major Rally Ahead? According to a recent CryptoQuant Quicktake post by contributor Amr Taha, Bitcoin whales recorded one of the largest BTC outflows from Binance this month. The chart below shows that nearly 4,500 BTC were withdrawn on June 16. Bitcoin whales are defined as wallet addresses with significant BTC holdings. Past data suggests that such large withdrawals from whales have typically preceded price rallies, as they reflect a reduction in BTC exchange reserves, leaving fewer coins readily available for trading. Related Reading: Bitcoin Hash Ribbons Indicating Prime Buying Opportunity, Analyst Says Beyond this large-scale withdrawal, on-chain data also reveals dwindling BTC inflows to exchanges from both whales and retail investors. This combination of major outflows and low deposits could be laying the groundwork for a Bitcoin “supply crunch.” For the uninitiated, a Bitcoin supply crunch occurs when the available BTC on exchanges declines sharply, reducing the immediate supply for buyers. This happens when long-term holders or whales withdraw BTC to cold storage, creating upward pressure on price as demand outpaces liquid supply. Stablecoin Inflows Witness Sharp Increase In parallel with Bitcoin’s exchange exodus, stablecoin inflows to Binance have surged in recent days. Notably, over $400 million in stablecoins flowed in on both June 13 and 15. Historically, such significant stablecoin inflows have been linked to buy-side liquidity preparation. In other words, large investors appear ready to deploy capital into crypto assets like BTC, reflecting renewed risk appetite. Taha concluded: The aggressive Bitcoin withdrawals and concurrent stablecoin deposits create a supply-demand asymmetry. With fewer BTC available on exchanges and growing liquidity to fuel buys, the stage is set for a potential price breakout. Meanwhile, additional exchange data supports the case for further upside in BTC. For example, the coin has been experiencing consistently negative funding rates on Binance – often a precursor to short squeezes. Related Reading: Bitcoin Following ABCD Pattern? Analyst Sees Path To $137,000 At the same time, Bitcoin’s long-term holder Realized Cap recently surpassed $20 billion, underscoring rising confidence among seasoned investors. In addition, despite the ongoing BTC rally, retail participation remains relatively low, suggesting further room for growth. However, short-term holders are showing signs of caution, increasing their selling amid recent price corrections. At the time of writing, BTC is trading at $105,575, down 1.0% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com
Tokenization specialist Global Settlement said the deal marks the first fully tokenized capital stack for an operational energy asset.
The CoinDesk Overnight Rates (CDOR) convert USDC and USDT stablecoin borrowing data on Aave into daily benchmarks to support hedging and rate-based products.
Ubyx, a startup focused on clearing stablecoin transactions, has raised $10 million in seed funding. The round was led by Galaxy Ventures, with participation from Founders Fund, Coinbase Ventures, and others. Founded by former Citigroup executive Tony McLaughlin, the company plans to simplify stablecoin transfers across blockchains. Ubyx is set to launch by the end …
Senator Elizabeth Warren has voiced fresh concerns about the GENIUS Act, a bill designed to regulate stablecoins in the US financial system, ahead of its final vote scheduled for later today. In a June 16 statement on X, Warren claimed the bill could allow billionaires to launch stablecoins that monitor user activity and gain an […]
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