Recently, the U.S. SEC made a major move that could reshape the stablecoin market. In one of its clearest statements yet, the agency said that some stablecoins now labeled “covered stablecoins” may not be considered securities, as long as they meet strict conditions. This update is already sparking industry reactions, with Tether reportedly considering a …
The U.S. SEC is taking a step back from certain stablecoins, saying they don’t count as securities — which basically means the agency won’t be regulating them like it does stocks or crypto tokens it sees as investments. This is a big shift and adds to the list of crypto areas the SEC is slowly …
Brazil’s largest bank, Itaú Unibanco, with over 55 million customers, is considering launching its own stablecoin. Guto Antunes, head of digital assets, says interest has grown due to the U.S. government’s evolving crypto stance. He highlights blockchain’s potential for atomic transactions and hints at a possible Brazilian real-backed stablecoin. However, Itaú is first studying the …
In a surprising turn of events, Justin Sun, a prominent figure within the Tron (TRX) ecosystem, has revealed that First Digital Trust (FDT), a tech-driven financial institution based in Hong Kong, is effectively insolvent and unable to cover its obligations. In an X post on April 2nd during the late Western financial markets, Sun noted …
The stablecoin deviated from its price peg as Tron founder Justin Sun claimed that First Digital Trust is "effectively insolvent," a characterization the company pushed back on.
Ripple USD's market cap reached $244 million since its December debut, growing 87% over the past month.
Sumitomo is the latest example in a roster of firms eyeing the booming stablecoin market, which has grown 50% to around $230 billion in a year.
Sumitomo Mitsui Financial Group, the parent company of Japan’s second-largest bank, SMBC, is stepping into the stablecoin space. The bank is collaborating with Ava Labs for blockchain infrastructure and Fireblocks for token management. Testing is set to begin in the second half of 2025, with a potential launch as early as next year. This move …
If approved, the stock of the company will be trading on the New York Stock Exchange under the symbol "CRCL."
The overall stablecoin market, including tokens pegged to currencies and commodities, crossed $230 billion rising for the 18th consecutive month, CoinDesk Data's report show.
The two will explore potential applications of USDC and money market fund token USYC in derivatives exchanges, clearinghouses and other operations.
Recently, stablecoins are making more noise than other assets, all because of open support of the US president and his family towards Stablecoins. Following the steps, big bulls like Fidelity also jumped the wagon, and investors are waiting for more stablecoin flooding the market within 2-3 months. Taking the lead, Wyoming is set to make …
Rumble has unveiled its new Rumble Wallet, integrating Tether’s USDT to streamline payments for creators. This move follows Tether’s massive $775M investment in Rumble, reinforcing their collaboration. Additionally, Rumble recently purchased $17M worth of Bitcoin, signaling its deeper commitment to crypto adoption. By embracing stablecoin-powered transactions, Rumble aims to offer faster and more efficient payouts, …
Wyoming is making history as the first U.S. state to introduce a government-backed cryptocurrency. The Wyoming Stable Token (WYST) is a fiat-backed stablecoin set to launch by July 2025. The state has teamed up with LayerZero Core to ensure smooth issuance and deployment across multiple blockchain networks, including Solana. This move strengthens Wyoming’s position as …
The token is currently being tested on multiple blockchains, aiming to launch in July, state officials said at the DC Blockchain Summit
Fidelity Investments is reportedly working on its own stablecoin to act as digital cash for its Ethereum-bound tokenized money market fund.
Stablecoins with a $235B market cap are becoming the hottest trend in crypto, and even the Trump family is jumping in with their own digital dollar. Now, Fidelity Investments—one of the biggest names in traditional finance—is making its move. The company is reportedly testing its stablecoin, aiming to scoop a spot in the growing digital …
Fidelity, a $6 trillion asset management giant, is preparing to launch its own crypto stablecoin. The move marks Fidelity’s entry into the growing cryptocurrency space, where digital assets like stablecoins are gaining popularity. By introducing this stablecoin, Fidelity aims to offer a more stable and secure option for investors looking to participate in the crypto …
Other key features of Plasma include custom gas tokens, zero-charge USDT transfers, and confidential transactions while ensuring compliance.
The USD1 token will be fully backed by U.S. government securities and cash, with BitGo providing custody services for the reserves.
Circle has made history as the first stablecoin issuer to receive regulatory approval in Japan. This achievement paves the way for the official launch of USDC in the country, which will be led by SBI VC Trade, a subsidiary of SBI Holdings. The launch is set for March 26, marking a significant step for stablecoins …
Early in 2025, there was a significant surge in the stablecoin market, with a $20 billion increase in total supply. With a 10% increase from January, the total supply now stands at almost $205 billion. The spike, according to data from Glassnode, comes after a dip in late 2024, when the supply of stablecoins fell from $187 billion to $185 billion. Related Reading: Bitcoin And S&P Decline Together, But Data Predicts A Turnaround Stablecoins See A Strong Rebound For trading cryptocurrencies, stablecoins—like USDT and USDC—often act as a reserve for investors expecting the right time to buy assets like Bitcoin. The most recent rise shows that investor interest has surged, especially in view of last year’s slow down. Since Jan 1, the aggregate #stablecoin supply has increased by $20.17B (+10.9%), now reaching more than $205B. For comparison, the December peak clocked in at $187B but the supply actually contracted in the last two weeks of 2024 and dropped to $185B by January 2025. pic.twitter.com/gQbdMEDisb — glassnode (@glassnode) March 13, 2025 Given the previous fall, this comeback is especially notable. For most of 2024 the market has been losing stablecoins; but, this trend has lately reversed. Although past patterns suggest that Bitcoin’s price may be impacted, it is unknown whether this increase will lead to a rise in purchases of cryptocurrencies. Bitcoin Investors Watching Closely A growing stablecoin supply is often seen as a bullish sign for Bitcoin. Historically, the price of Bitcoin has risen in line with the stablecoin count. The reasoning is simple: more stablecoins mean more potential capital just waiting to be entered into the market. Some analysts believe this fresh injection could push Bitcoin higher. However, not all stablecoins are used for trading. Many are held for remittances, payments, or as a hedge against inflation, especially in countries where local currencies are unstable. As of today, the market cap of cryptocurrencies stood at $2.65 trillion. Chart: TradingView Stablecoin Exchange Holdings Drop 21% While the total supply is rising, only 21% of stablecoins are currently sitting on exchanges. This is a significant drop from 2021, when over 50% of the supply was available for immediate trading, Glassnode disclosed. This shift suggests that while new coins are being issued, they are not all being deployed into crypto markets right away. Related Reading: TRUMP Token Takedown—Did Insiders Plan The Crash? This could point to one of two possibilities: either stablecoins are being used more often outside of exchanges or investors are still waiting for the suitable moment. Should the latter prove right, the impact on Bitcoin could be less notable than expected. What This Means For Bitcoin’s Future The stablecoin market is currently experiencing a resurgence, which is generally a favorable development for the cryptocurrency sector. However, it is uncertain whether this will result in a short-term increase in the price of Bitcoin. Stablecoin utilization has fluctuated, and additional economic variables will contribute to this development. At the time of writing, Bitcoin was trading at 82,264, down 1.1% and 6.9% in the daily and weekly frames. Featured image from Warwick Business School, chart from TradingView
The investment aims to boost stablecoin adoption and crypto accessibility.
The latest version of the bill expands the role of states in regulating stablecoins and proposes new transparency as well as enforcement requirements
The network, which plans to launch in Q2, will enable rapid transactions with flat gas fees, but will not support smart contracts or a native token.
Will 2025 drive growth in the adoption of yield-bearing assets like staking, liquid staking, restaking and liquid restaking in DeFi?
USDe's market cap has jumped to around $6 billion this month, becoming the third largest stablecoin behind Tether's USDT and Circle's USDC
Infini, a stablecoin-focused neo-bank, suffered an exploit that resulted in a loss of approximately $49.5 million in USDC. Blockchain security firm Cyvers detected the breach less than a day after the platform celebrated reaching a $50 million total value locked (TVL) milestone. Blockchain analytics firm Lookonchain reported that the attacker swiftly converted the stolen USDC […]
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The YLDS stablecoin, backed by prime money market funds, offers daily interest and 24/7 peer-to-peer transfers.
Adecoagro owns farmland and industrial facilities across Argentina, Brazil and Uruguay.