The GENIUS Act, a bipartisan bill to regulate payment stablecoins, is now at the center of a major controversy. U.S. Senator Elizabeth Warren has raised alarms, warning that billionaires like Elon Musk and Jeff Bezos could abuse the system if critical loopholes aren’t fixed. Her warning has ignited a heated debate in the crypto community …
On-chain data shows the exchange inflows related to the stablecoins USDT and USDC have seen a sharp plunge. Here’s what this could mean for Bitcoin and other cryptocurrencies. Stablecoin Exchange Inflows Have Dropped Below Yearly Average In a new post on X, CryptoQuant author Axel Adler Jr has discussed about the latest trend in the Exchange Inflow of the top two stablecoins in the sector, USDT and USDC. The “Exchange Inflow” refers to an on-chain indicator that keeps track of the total amount of a given asset that’s moving into the wallets associated with centralized exchanges. Generally, investors may deposit their coins into these platforms when they want to trade them away, so a high value on the Exchange Inflow can indicate demand for swapping the cryptocurrency. For volatile assets like Bitcoin, this is something that can naturally be bearish for the price. Related Reading: Dogecoin Must Hold This Level—Or Risk A 30% Price Crash In the case of stablecoins, however, their price doesn’t see any impact from exchange deposits, since it always remains, by definition, stable around whatever fiat currency the asset is tracking. That said, stablecoin inflows aren’t without consequence. Investors usually deposit these assets to swap into a volatile cryptocurrency of their choice. As such, coins like Bitcoin can see a bullish effect from an Exchange Inflow spike related to these fiat-tied tokens. Now, here is a chart that shows the trend in the combined Exchange Inflow of the top two stablecoins, USDT and USDC, over the past few years: As displayed in the above graph, the Exchange Inflow of USDT and USDC shot up to a very high value at the end of last year, a sign that the investors were making massive deposits of these stablecoins. Alongside the spike in the indicator, the Bitcoin price observed a rally to a new all-time high (ATH), a potential sign that the stablecoin inflows may have helped provide the fuel for the run. At the peak of the spike, the metric reached a value of $131 billion per day. From the chart, it’s apparent that since then, the indicator has been following a downward trajectory and today, its value has come down to $70 billion per day. Related Reading: Ethereum ETF Frenzy: Inflows Jump 5x While Bitcoin Stalls This represents a significant decline of $61 billion since the high. Though, while the indicator is indeed notably down compared to the peak, its current level is still high in the context of the wider cycle so far. Naturally, if this drawdown in the stablecoin Exchange Inflow keeps up, it could potentially turn out to be a bearish sign for Bitcoin and other digital assets. That said, even though BTC went down earlier in the year, its price is still above the $100,000 mark right now, a possible sign that investors may simply be entering a phase of consolidation. Bitcoin Price Following a surge of about 2.5% over the last 24 hours, Bitcoin has managed to recover back to the $108,100 level. Featured image from Dall-E, CryptoQuant.com, chart from TradingView.com
Stablecoins have cemented their role in the digital finance revolution as one of the stabilizing forces in the crypto market. These are pegged to stable reserves like fiat currencies, for instance, the US dollar, which helps minimize price fluctuations. Welcome to Coinpedia’s H1 2025 report. This analysis contains a comprehensive examination of the stablecoin sector …
Ripple CEO Brad Garlinghouse predicted that XRP could soon take a chunk of SWIFT’s trading volume. Meanwhile, Circle’s USDC recently launched on the XRP Ledger (XRPL). Both developments could provide a huge boost for the XRP price, given the altcoin’s role in the XRPL ecosystem. XRP Price Gets A Boost With Ripple CEO Garlinghouse’s Prediction At the XRPL Apex Conference, Brad Garlinghouse predicted that the XRP could capture 14% of the volume that SWIFT processes by 2030. He noted that SWIFT has two key components: messaging and liquidity. The Ripple CEO added that liquidity is where the power lies and that if XRP drives the liquidity layer, it would gain significantly. This could also spark a surge in the XRP price in the process. Related Reading: Ripple Issues Stern Warning To Investors As CEO Celebrates New XRP Milestone Ripple uses XRP for its payment services, which it runs on the XRPL. In this case, Ripple is betting on taking 14% of SWIFT’s trading volume because of how fast and easy it is to process these cross-border transactions using blockchain technology. This isn’t the case for SWIFT, as the platform focuses more on interbank messaging for these cross-border transfers. In a now-deleted X post, pro-XRP lawyer John Deaton commented on this prediction and what it could mean for the XRP price. He stated that SWIFT processes approximately $5 trillion in transactions daily. This means that 14% of SWIFT’s daily market volume equates to $700 billion daily or approximately $175 trillion annually. Deaton failed to give a particular price prediction based on these numbers. However, Fruition, another XRP community member, provided a calculation that could put the XRP price in triple digits. In an X post, they noted that SWIFT moves 150 trillion per year and that 14% of that is 21 trillion. Fruition added that 21 trillion through the XRPL means 58 billion tokens, which equates to $357 for the XRP price. Circle’s USDC Launches On XRPL In an X post, Circle announced that its USDC stablecoin is now available on the XRP Ledger, another development that is bullish for the XRP price. The stablecoin firm noted that XRPL users will now be able to use USDC for DeFi liquidity provisioning, payments, and it could also serve as a settlement option for infrastructure apps. Related Reading: Daily Timeframe Says XRP Price Is On The Verge Of Breakout Crypto analyst Moon Lambo broke down why the USDC launch on XRPL is bullish for the XRP price. He stated that this development will substantially increase the total value locked on the network, which is a major predictor of whether the XRP price will appreciate. The crypto analyst added how this provides additional utility for XRP. He noted that the altcoin will be used to pay gas fees on every USDC transaction on the network. At the time of writing, the XRP price is trading at around $2.15, up almost 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com
Walmart and Amazon are reportedly exploring the launch of their own USD-pegged stablecoins, signaling a massive shift in how multinational companies handle payments and global settlements. The move comes as stablecoin adoption surges globally, and tech giants seek faster, cheaper, and more transparent payment solutions. Why Walmart and Amazon Are Getting Into Crypto Amazon (valued …
US Treasury Secretary Scott Bessent told lawmakers that dollar-pegged stablecoins could swell to more than $2 trillion in the next few years. He spoke at a Senate hearing this week. His outlook came as Congress moved to set new rules on how these tokens must be backed. Related Reading: TRX Price Up As Tron Rolls Out The Red Carpet For Trump-Backed Stablecoin Growth Forecast Details According to Bloomberg, Bessent said a leading industry group expects the stablecoin market cap to top $2 trillion. He called that view “very reasonable.” It would mean backing up to $2 trillion in tokens with US Treasury Bills. Based on reports, Citigroup analysts think issuers might buy an extra $1 trillion in those bills by 2030. Treasury Secretary Scott Bessent said that dollar-linked stablecoins could hit $2 trillion or even more as he reiterated the potential for these digital assets to strengthen the greenback’s position https://t.co/HwVRu0aPkT — Bloomberg (@business) June 11, 2025 Backing Rules Move Forward Lawmakers voted to advance a key amendment to the GENIUS Act, which would force stablecoin issuers to hold reserves in top-tier assets. The amendment won cloture yesterday. That clears the way for a final vote, likely early next week. Supporters say the change will boost confidence by ensuring every dollar-linked token has real backing. Market Size Today Right now, the total stablecoin market sits at about $255 billion. Dollar-pegged coins make up roughly $233 billion of that. That equals 90% of the whole market. The top nine dollar-pegged coins include USDT, USDC, USDe, DAI, USD1, FDUSD, PYUSD, TUSD, and USDD. They account for nearly all stablecoin activity. Challenges Ahead Regulators have work to do. If the GENIUS Act stalls or changes, issuers might head to friendlier markets. There’s also a risk that a handful of big players could dominate. That could create new “too big to fail” worries if a major issuer faces trouble. Plus, tech glitches and smart-contract bugs could still trigger runs on tokens. Related Reading: Relentless Bitcoin Accumulation: Strategy Snaps Up 1,045 More BTC If stablecoin use really takes off in cross-border payments and decentralized finance, the US dollar could win new fans overseas. Every $1 trillion in token issuance backed by Treasury Bills might add to demand for US debt. But the path isn’t guaranteed. Lawmakers must iron out rules that balance safety with innovation. Issuers need strong risk plans. And users must see clear benefits beyond speculation. For now, the market is small compared with the broader financial system. But the shift toward programmable money keeps pace. Featured image from Sygnum Bank, chart from TradingView
Walmart and Amazon are exploring the launch of their own USD-pegged stablecoins to reduce payment costs and speed up transaction settlements, according to the Wall Street Journal. Their plans depend on regulatory clarity from the upcoming Genius Act. Both retail giants are also considering joining a merchant-led stablecoin consortium or using third-party digital payment solutions. …
The U.S. Senate is preparing for a key vote on the GENIUS Act, a new bill that could shape the future of stablecoins in America. The vote is scheduled for Tuesday, June 17, and could mark a turning point for crypto regulation in the country. The U.S. Treasury Secretary believes the stablecoin market cap could …
Circle, a US-based publicly traded crypto firm, has expanded the reach of its USD Coin (USDC) stablecoin to the XRP Ledger (XRPL), adding another blockchain to its growing ecosystem, according to a June 12 statement. On-chain data shows that around $2 million worth of the asset had been minted on the network as of press […]
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Two US Democratic Senators are demanding answers from Meta CEO Mark Zuckerberg over reports that the social media giant is exploring a new stablecoin project. In a letter dated June 11, Senators Elizabeth Warren and Richard Blumenthal asked Zuckerberg to explain Meta’s current ambitions in the digital currency space. The move follows news that the […]
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Tether referred to increasing its exposure to gold as a "dual pillar strategy", alongside its holdings of over 100,000 BTC
Tether has purchased a 31.9% stake, about 78.4 million shares, in Elemental, a gold mining company listed in Canada. This marks a strategic move as Tether expands beyond crypto into real-world assets. The company also signed an option agreement with AlphaStream Limited, allowing it to buy an additional 34.4 million shares after October 29, 2025, …
Ant Group, the fintech giant backed by Jack Ma, is gearing up for a fresh expansion, this time by diving into the stablecoin space. After stepping back from its blockbuster IPO in 2020 and facing heavy regulatory pressure in China, the company has quietly reshaped its strategy. Now, it’s looking to secure stablecoin licenses in …
Depositors earn the right to participate in the sale based on their final units at the time of the lock-up.
Plasma, a blockchain platform focused on stablecoin infrastructure, is making waves across the crypto space for raising $500 million through its XPL token offering and securing a strategic partnership with DeFi giant Aave in the last 24 hours. The Aave collaboration will see Plasma integrate the DeFi protocol’s lending and liquidity infrastructure to distribute USDT […]
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OpenTrade is expanding real-world asset-backed yield access in Latin America and Europe.
SG Forge, the crypto division of French banking giant Societe Generale, is set to enter the dollar-backed stablecoin race with USD CoinVertible (USDCV). The launch comes on the heels of its successful MiCA-compliant euro stablecoin, EUR CoinVertible (EURCV). USDCV Stablecoin to Launch on Ethereum and Solana According to reports, USDCV will be deployed on both …
Societe Generale-Forge, the crypto division of one of France’s top three banks, has launched a new USD-pegged stablecoin called USD CoinVertible (USDCV). The stablecoin will operate on both Ethereum and Solana blockchains, making it accessible across major decentralized ecosystems. BNY Mellon will act as the asset custodian, ensuring secure backing of the stablecoin. This move …
Tokyo-based SBI Group has invested $50 million in USDC stablecoin issuer Circle following its $1.1 billion debut on the New York Stock Exchange.
French banking giant Societe Generale announced plans to launch a U.S. dollar-pegged stablecoin called USD CoinVertible (USDCV) on Ethereum and Solana, potentially becoming the first major European bank to do so. The USDCV coin will be issued through SG-Forge, Societe Generale’s crypto-focused subsidiary, with custody services provided by New York-based BNY Mellon, according to a […]
Circle’s CRCL shares are drawing strong interest following the company’s recent listing on the New York Stock Exchange. The firm, best known for issuing the USDC stablecoin, has seen its stock price rise sharply since launch. Data from Yahoo Finance shows Circle’s stock climbed nearly 22% in pre-market trading, reaching above $130 before retracing slightly […]
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On the path to innovation, Apple, Google, X, Airbnb, and Uber are quietly exploring stablecoins, and it could reshape how payments work across the globe. Interestingly, with growing prominence and the US president’s support, Stablecoins are growing fast in B2B payments, offering speed, low costs, and dollar stability. B2B transactions hit $36 billion of the …
According to Fortune, the tech giants are in early talks with crypto firms to add stablecoin payments to reduce fees.
Circle just went public today, kicking off with strong demand. It surprised the market by pricing its IPO at $31 per share, well above the expected $27 to $28 range. The company and existing shareholders sold about 34 million shares, raising approximately $1.1 billion. This pricing values Circle at around $6.9 billion, according to Bloomberg. …
The deal facilitates stablecoin payments across LianLian’s network of merchants in over 100 countries.
Tether has announced a strategic investment in Orionx, a digital asset platform operating in Latin America, according to a June 3 statement. The investment aims to accelerate the use of stablecoin-powered financial services across the region, particularly in underserved and inflation-prone economies. According to the statement, Orionx currently serves users in Chile, Peru, Colombia, and […]
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A surge of stablecoin transactions marked May as a standout month for the crypto sector. It moved beyond mere token swaps. Lots of people and services turned to dollar-pegged coins for moving value. Activity hit fresh highs, hinting that stablecoins are now the main channel for on-chain payments. Related Reading: XRP Could Transform Your Finances Long Before $10K, Angel Investor Says Spike In Wallet Activity According to Artemis data, more than 33 million wallets sent or received stablecoins during May. That’s a big jump compared with earlier months. It shows more folks are leaning on these digital dollars than on native tokens. Many traders, DeFi users, and everyday people tapped stablecoins to keep their funds tied to the US dollar. This wave of usage also came as the wider market showed signs of life, with prices slowly rising and confidence climbing. Shift To Faster Networks Based on reports, BNB Smart Chain counted over 10 million active wallets for stablecoin moves early in May. TRON came very close, with a little over 9 million wallets during that same stretch. These two networks are cheap and quick. Folks want to dodge higher fees on older chains. By month’s end, both BNB Smart Chain and TRON could top those numbers again. That trend speaks to growing demand for fast, low-cost payments and DeFi deals. Ethereum simply can’t match these lower fees right now. Stablecoin Supply Growth Stablecoins also saw more tokens enter circulation. The total supply grew to $244 billion, up nearly 3% in just one month. But not all coins minted equally. Tether’s USDT remained the heavyweight champion. It added nearly $4 billion to its total supply in May alone. Most of that new USDT landed on TRON. Today, TRON holds nearly $78 billion in USDT, while Ethereum carries $73 billion. In sum, USDT’s overall supply now tops $153 billion and added tokens almost every day. USDC moved in the opposite direction. Its supply dipped slightly, thanks to outflows on Solana. Still, USDC keeps about $60 billion circulating across all its chains. Related Reading: Pepe Makes It To Trump’s Feed—Is A Crypto Endorsement Next? Payments And Bridges Overtake Cards Stablecoins didn’t just grow in supply and usage. They carried huge volumes of payments. Over the past 30 days, those coins moved over $2 trillion worth of value. That level beats what many debit and credit cards handled in the same span. For example, Visa’s volumes were lower than what stablecoins saw. Plus, USDC’s cross-chain moves spiked. The CCTP bridge saw $7.7 billion flow through it, up 83% month-on-month. That rush of bridging means more people are shuttling dollars between networks for trades, lending, or simple transfers. Featured image from ETF Stream, chart from TradingView
Ripple's RLUSD stablecoin was granted permission to power payments in Dubai's International Financial Centre, one of the Emirati's biggest free trade zones.
The collaboration will power atomic settlement of tokenized stocks, bonds and funds on 21X’s regulated trading platform.
Analysts attributed the growth momentum to regulatory clarity on stablecoins and increased adoption of DeFi.