Oliver Michael, the CEO of Tokentus, has again provided a bullish outlook for XRP. This time, he predicted that the altcoin could reach as high as $13 and outlined factors that could serve as catalysts for this significant price surge. XRP Eyes Surge To $13 With These Catalysts Oliver Michael predicted in an interview that XRP could rally to $13 at some point if it sustained its current bullish momentum. He alluded to the Ripple SEC lawsuit, which just concluded and how it could spark several ripple effects, which would act as catalysts for the next leg up for the third-largest crypto by market cap. Related Reading: Analyst Says XRP Pump Always Comes After This Happens One of these ripple effects is the potential approval of the XRP ETFs. Michael noted that the SEC can now go on to approve these funds since the legal battle against Ripple is over. Furthermore, he raised the possibility of BlackRock filing for an XRP ETF and indicated that the altcoin is likely to record a parabolic rally if this happens, considering BlackRock’s position as the world’s largest asset manager. It is worth noting that BlackRock has said that it has no plans to file for an XRP ETF at the moment. However, XRP lawyer John Deaton believes that the world’s largest asset manager will still file to offer this fund within a year from now. If so, this could drive significant inflows into the XRP ecosystem, considering the success that the firm has recorded with its Bitcoin and Ethereum ETFs. More Catalysts For The Altcoin Meanwhile, Oliver Michael also expects more Ripple partners to emerge now that the SEC lawsuit is over. This will help enhance XRP’s utility as more companies adopt Ripple’s payment services. Notably, the crypto firm has also made great strides to expand its presence globally by acquiring platforms like the stablecoin platform Rail and brokerage firm Hidden Road. Related Reading: XRP Price At $36: 7-Year Bottom Breakout Could Trigger Repeat Of 2014-2017 Another reason why the Tokentus CEO believes that XRP can reach this $13 price level is based on his expectation that retail investors will develop a greater interest in the altcoin now that Bitcoin and Ethereum have already pumped significantly. Therefore, they will turn to XRP as the third-largest crypto, which may have more upside than BTC and ETH. Michael remarked that XRP’s move to the upside could happen really fast, similar to its rally of over 300% from below $1 to $3 last year. The altcoin already rallied to as high as $3.6 this year, boasting a 33% year-to-date (YTD) gain. However, based on Michael’s prediction, the XRP price could still reach new highs in the coming months. At the time of writing, the XRP price is trading at around $3.10, down in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com
U.S. officials accused Garantex, Grinex, A7A5 token issuers and executives of laundering ransomware proceeds and evading sanctions.
Institutional adoption, FX settlement and cross-border flows are expected to drive stablecoin growth, a report by Keyrock and Bitso said.
Korea's Won is stuck onshore. That's going to put a damper on any demand for a Won-backed stablecoin.
The MetaMask stablecoin (mUSD) was already reported to be in the works thanks to a prematurely posted governance proposal that was quickly deleted last week.
The crypto market is riding a wave of optimism today after Matrixport’s latest data revealed a massive $76 billion surge in stablecoin inflows, signalling one of the largest fiat movements into digital assets in recent months. The spike has triggered speculation that a fresh rally could be brewing across Bitcoin, Ethereum, and altcoins. Crypto analyst …
A coalition of major U.S. banking groups, led by the Bank Policy Institute (BPI), is urging Congress to act fast on a “dangerous gap” in the GENIUS Act. This gap could let stablecoin issuers sidestep the law by offering interest through affiliated platforms, including crypto exchanges, a move bankers warn could shake the very foundations …
Coming roughly two months after the company's blazing stock market debut, insiders are accounting for 8 million of the 10 million shares being sold.
Transak plans to use the funds to expand its stablecoin payments stack and enter new markets, the company said.
Circle's Q2 financials showed $658 million in revenue, but a net loss of $482 million due to non-cash IPO-linked items.
The project is in stealth mode and may have a team of five, with plans to run code compatible with Ethereum.
Analysts suggest that this momentum is fueled by a recent increase in network capacity, rising ether price, and a reduction in transaction costs, particularly for DeFi protocols and stablecoin transfers.
The stablecoin issuer seeks to convert its New York Department of Financial Services license to federal oversight
South Korean retail investors are changing their overseas investment habits, moving away from traditional U.S. big tech stocks and increasing their interest in crypto-related shares, especially those tied to stablecoins. This shift reflects growing confidence in stablecoins and changing crypto regulations in South Korea and the U.S. Decline in U.S. Big Tech Stock Purchases Between …
China orders brokers and research groups to halt promoting stablecoins, including canceling seminars and reports, as Beijing's skepticism persists.
Animoca Brands has partnered with Standard Chartered Bank and HKT to launch Anchorpoint Financial Limited. The new venture is set to apply for a stablecoin issuer license under Hong Kong’s recently implemented Stablecoins Ordinance, which came into effect on August 1. By combining their strengths in blockchain, banking, and telecom, this joint effort aims to …
Ripple will buy payments platform Rail for $200 million, adding 10% of global stablecoin payment flow to its network as U.S. regulations mature.
As part of an initiative to internationalize the renminbi (Chinese Yuan) and enhance its competitiveness against the US dollar, China is poised to launch its first stablecoin. Meanwhile, the US is making significant progress toward its mission of becoming the crypto capital of the world. Despite this ambitious plan, concerns about potential capital flight are reportedly hindering the rapid advancement of stablecoin technology within the country. China Explores Stablecoin Initiatives According to a report from the Financial Times, Hong Kong has emerged as a testing ground for cryptocurrency, particularly given the strict bans on the mainland. Recently, the territory passed legislation allowing licensed businesses to issue tokens backed by any fiat currency. However, the Hong Kong Monetary Authority (HKMA) has taken a cautious stance, indicating that only a limited number of licenses will be issued starting next year. Related Reading: Bitcoin Insult Alert: Pro Trader Dubs HODLers ‘Idiots,’ Saylor Fires Back Policymakers in China have increasingly turned their attention to stablecoins, recognizing the growing dominance of dollar-backed tokens in the global economy. The central bank governor, Pan Gongsheng, noted in a June speech that stablecoins have “fundamentally reshaped the traditional payment landscape.” However, the Chinese government faces a delicate balancing act; while it seeks to enhance the global standing of the renminbi, it must also maintain stringent controls over its financial system. Recent discussions among financial regulators have centered on the implementation of stablecoin projects, emphasizing that any such initiative must align with China’s unique national conditions. Yet, experts have cautioned that the risks associated with capital outflows could pose significant challenges. Interest Grows In Hong Kong Rebecca Liao, CEO of Saga, a company focused on blockchain infrastructure, articulated the complexities of adopting stablecoin technology, highlighting that it cannot be completely controlled by central authorities. This concern has contributed to Hong Kong’s slower progress in developing a thriving stablecoin market, especially when compared to the rapid growth observed in the United States. The HKMA has voiced apprehensions about the potential use of stablecoins in money laundering, emphasizing the need for stability and control in its new regulatory framework. As such, initial stablecoin programs in Hong Kong are expected to focus on business-to-business applications, limiting their broader adoption. Related Reading: Is The Bitcoin Bull Run In Jeopardy? Expert Reveals Strategy’s Alleged Plan To Sell All BTC Holdings The report emphasizes that interest in stablecoins is also growing among Chinese state-owned enterprises, particularly in the context of payment and settlement solutions. Multiple state-owned companies with operations in Hong Kong are reportedly looking to apply for stablecoin licenses, although only one of China’s four major state-owned banks is expected to receive a license from the HKMA in this initial phase. The HKMA has not ruled out the possibility of approving licenses for stablecoins backed by offshore renminbi, a move that could further facilitate cross-border payments—an area of increasing importance for China. Featured image from DALL-E, chart from TradingView.com
The total on-chain stablecoin transaction volume surged to a new all-time high of $1.5 trillion in July, marking a significant milestone in the sector. According to Sentora’s (formerly IntoTheBlock) data, this figure represents a sharp increase from the $1.26 trillion processed in June and surpasses the previous high seen in August 2024, when volumes topped […]
The post US GENIUS Act sparks stablecoin boom with record $1.5 trillion transaction volume in July appeared first on CryptoSlate.
Tether CEO Paolo Ardoino shared that USDT now makes up 40% of all on-chain transaction fees across nine blockchains, including Ethereum, Tron, Solana, and more. Hundreds of millions in emerging markets use USDT daily to shield themselves from inflation and currency devaluation. Ardoino emphasized that blockchains offering lower gas fees and allowing payments in USDT …
The global stablecoin market, featuring major cryptocurrencies such as USDT, USDC, and PYUSD, has expanded by $61 billion since the beginning of 2025. The total stablecoin supply now exceeds $260 billion, driven by growing demand for digital assets and enhanced regulatory clarity from initiatives like the GENIUS Act in the US and MiCA in Europe. …
Ethena’s USDe stablecoin has experienced remarkable growth, with its supply surging 75% over the past month to reach $9.3 billion. This impressive expansion has pushed USDe past FDUSD to become the third-largest stablecoin by market capitalization, trailing only USDT and USDC. Meanwhile, Ethena has also climbed to become the sixth-largest DeFi protocol by total value …
Tether, the world’s biggest stablecoin issuer, minted $6 billion worth of USDT in July 2025, ramping up the token supply at a record pace. The surge comes as demand for stablecoins grows, with crypto investors and exchanges seeking more liquidity for trading. While Tether states all new USDT is fully backed, the rapid expansion has …
Visa and Mastercard recently stated that stablecoins are nowhere near threatening their payments dominance. In their latest earnings calls, both companies described current stablecoin usage as negligible compared to Visa’s $15 trillion annual transactions. They noted stablecoins might find better use in regions with unstable local currencies but are not challenging their stronghold in major …
The decentralized finance platform targets fintechs bridging fiat settlement gaps with short-term stablecoin credit.
EURAU is claimed to be the first euro stablecoin under BaFin’s e-money license.
Circle will bring native USDC and CCTP v2 to Hyperliquid, shifting the DEX from bridged dollars to directly issued USDC with 1:1 cross-chain transfers.
Visa has revealed that it settled more than $200 million in stablecoin transactions during the second quarter of 2025, marking a notable step in its broader digital asset push. The company shared the update in its quarterly report, linking the rise in volume to its expanded stablecoin settlement framework. The payments giant said its 7-day-a-week […]
The post Visa takes $200 million step in stablecoin journey, anticipates regulatory boost appeared first on CryptoSlate.
South Korea’s central bank, the Bank of Korea (BOK), is stepping up its involvement in the crypto sector by launching a new “Cryptoassets Department.” The move reflects rising momentum in the country’s public sector toward regulating stablecoins and digital currencies more seriously. Effective July 31, the existing Digital Currency Research Lab will be renamed to …
Coinbase and JPMorgan are teaming up to let Chase customers fund Coinbase with credit cards this fall and redeem points into USDC on Base in 2026.