Stablecoin transaction volume exceeded Visa’s in the first quarter of 2025, nearly doubling the payments giant with over $6 trillion in transfers, according to Bitwise Asset Management. This milestone reflects a surge of more than 30% quarter-over-quarter, underscoring stablecoins’ rapid adoption for global payments, DeFi, remittances, and business settlements. Driven by leading digital assets like …
The Hong Kong Monetary Authority (HKMA) has invited stablecoin issuers to begin applying for licenses as the city’s stablecoin regulations are enacted in August. In a statement released on July 29, the HKMA said interested firms can submit preliminary applications by Aug. 31. This early stage is designed to help applicants understand regulatory expectations and […]
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The Plasma network will hold $1 billion in stablecoins at launch and offer fee-free stablecoin transfers.
BitMEX co-founder and crypto investor, Arthur Hayes, has outlined the key catalysts that could drive the Ethereum price to a $10,000 all-time high by year-end. In a detailed market analysis, Hayes explains how expanding US credit policies, growing institutional interests, and a shift toward wartime economic strategies could create the ideal conditions for a major ETH price rally. Ethereum Price Set To Hit $10,000 By Year End On July 23, Hayes published an in-depth report on Substack, analyzing geopolitical trends and how they could create the ideal conditions for a major Ethereum price surge. The crypto founder has set a bold target of $10,000 for ETH by the end of 2025, attributing the future rally to macroeconomic shifts and increasing institutional appetite. Related Reading: This Ethereum Descending Broadening Wedge Pattern Looks Similar To 2019-2020, Here’s What Happened Last Time Hayes believes that as the US leans further into wartime economic policies under President Donald Trump’s reign, a wave of credit expansion could be unleashed—fueling “asset bubbles,” particularly in crypto. According to the BitMEX co-founder, Ethereum could benefit most from this environment. While Bitcoin remains the crypto reserve asset, Hayes notes that ETH has been largely overlooked since Solana’s explosive rebound post-FTX. However, he asserts that the tides are turning, especially among Western institutional investors who are starting to favor Ethereum-based assets. The crypto founder pointed to growing confidence in Ethereum from financial influencers like Tom Lee and a renewed interest in DeFi ecosystems as early signs of a potential breakout. Hayes’ venture capital firm, Maelstrom, is now also fully committed to ETH and the broader ERC-20 ecosystem. He has declared that the next ”Ether bull run” is imminent, forecasting a 176.3% rise from ETH’s current price of $3,619. Alongside his $10,000 Ethereum target, the crypto founder projected that Bitcoin could skyrocket to $250,000 before the end of the year. ETH Rally Tied To US Economic And Wartime Developments In his report, Hayes seemingly connects Ethereum’s upside potential to a broader macroeconomic narrative rooted in fiscal policy and geopolitical conflict. He argues that the US is shifting toward a form of state-sponsored capitalism or economic fascism designed to fuel wartime production. Related Reading: Ethereum ATH Above $4,800? Here’s How High It Will Go If 2021 Repeats According to the crypto founder, this strategy encourages banks to lend freely to companies without government-guaranteed profits. He noted that when the fiat supply increases without a corresponding rise in raw materials or labor, inflation becomes unavoidable. To manage this, he suggests the government may need to blow bubbles in non-essential assets like crypto, to absorb excess credit without destabilizing essentials like food or housing. Furthermore, Hayes believes that just as Ethereum stands to benefit from this environment, stablecoins may play a key role in building it. As the crypto market cap grows, so does the amount stored in stablecoins, most of which are reinvested into US Treasury bills. For instance, if the market cap of crypto hits $100 trillion by 2026, the BitMEX co-founder predicts that stablecoins could indirectly fund trillions in government debt, ultimately making crypto an integral player in sustaining wartime fiscal policies. Featured image from iStock, chart from Tradingview.com
Ethena's token ENA was up 10%, outperforming the broader crypto market that saw many altcoins plunging overnight.
Anchorage will issue Ethena’s USDtb onshore, providing the first GENIUS‑compliant stablecoin and bringing the asset under U.S. federal oversight.
New U.S. stablecoin legislation is driving a significant increase in stablecoin issuance from banks, asset managers, and tech companies. Industry experts, including Chainlink co-founder Sergey Nazarov, say clearer regulatory guidelines are encouraging more players to enter the market. Chainlink is noted for providing essential data, interoperability, and compliance tools that support the large-scale creation of …
PNC partners with Coinbase to offer clients crypto trading and custody as more banks dip toes in the digital asset economy.
The Ethena Foundation is making a bold push into the public markets by creating a new stablecoin-focused treasury firm, StablecoinX Inc. According to a July 21 statement, the company will go public through a merger with TLGY Acquisition Corp. As part of the deal, StablecoinX plans to invest $360 million into the buyback and accumulation […]
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The U.S. House has passed the GENIUS Act, short for Guiding and Establishing National Innovation for U.S. Stablecoins, marking a major turning point for crypto regulation. The bill now heads to President Trump’s desk and is expected to be signed into law this week. The US Stablecoins Act, once signed, will introduce the country’s first …
Tether, the world’s largest stablecoin issuer, minted an additional $2 billion USDT on July 16 on the Ethereum blockchain. Tether CEO Paolo Ardoino confirmed the mint via a post on X, clarifying that the new mints were an “inventory replenish” on Ethereum. This means the funds serve as inventory for future issuance and blockchain swaps, […]
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Ethereum's ether is outperforming bitcoin amid expectations that the GENUIS Act will ban yield-bearing stablecoins.
The company, which lets businesses send and receive U.S. dollars globally via stablecoin rails, is expanding to over 100 countries with the funding.
Bank of England Governor Andrew Bailey urged caution as the U.S. pushes pro-crypto policies, highlighting risks to financial stability and the nature of money.
The decision is due to declining usage of USDT on these networks over the past two years and as the company moves its focus to newer platforms such as Layer 2s.
The market capitalization of the two largest stablecoins — USDT and USDC — reached new records this week, a sign that capital is flowing into digital asset markets.
Nick van Eck's stablecoin startup Agora secured $50 million in a Series A led by Paradigm to expand its AUSD-based services.
The move follows Ripple's application for a national banking license and a Federal Reserve master account to further integrate with the U.S. financial system.
Circle and OKX have partnered to let the exchange’s 60 million users swap dollars for USDC to expand stablecoin liquidity.
Ripple chose world’s biggest custodian bank BNY to safeguard the cash and Treasurys backing its RLUSD stablecoin.
Ripples seeks a U.S. banking license that would provide federal oversight for RLUSD, its stablecoin which just crossed over $500 million in market cap.
While Bitcoin struggles to break above its all-time high and altcoins face difficulty finding solid support, one corner of the crypto market continues to expand: stablecoins. Since the beginning of the bull run, the stablecoin market has shown consistent growth, cementing its reputation as one of crypto’s most reliable and scalable use cases. Unlike volatile assets, stablecoins offer stability, liquidity, and utility across DeFi, trading, and settlement. Related Reading: Ethereum Range Tightens – Liquidity Looms At $2,800 And $2,350 Top analyst Darkfost recently shared fresh data and highlighted a key development many have overlooked — the total supply of ERC-20 stablecoins is rising again. As of today, it has reached a new all-time high of $121 billion. This milestone signals renewed demand and liquidity entering the crypto ecosystem, at a time when other sectors appear stagnant. The rise in stablecoin supply underscores the sector’s resilience and importance. While speculative tokens face resistance, stablecoins thrive on utility and adoption. Whether for hedging, yield strategies, or capital movement, their role in crypto remains foundational. As the broader market waits for its next move, the silent growth in stablecoin supply could be an early signal of renewed momentum across the board. The stablecoin narrative is far from over — in fact, it may just be starting. Stablecoin Growth Accelerates: On-Chain Data Points To Renewed Liquidity Stablecoins have emerged as one of the most impactful innovations in crypto, creating a vital bridge between traditional finance (TradFi) and decentralized finance (DeFi). This narrative gained massive traction in June when Circle (NASDAQ: CRCL), the company behind USDC, went public on the New York Stock Exchange. Initially priced at $31 per share, Circle’s IPO exceeded all expectations — closing the day at $82.84, marking a 167% gain. Today, CRCL trades nearly six times above its IPO price, giving the company a $42 billion market cap and reinforcing confidence in the stablecoin business model. On-chain insights shared by Darkfost add another layer to the story. According to the data, the total supply of ERC-20 stablecoins has started rising again and just hit a new all-time high of $121 billion. ERC-20 stablecoins are cryptocurrencies built on the Ethereum blockchain that follow the ERC-20 token standard. They are designed to maintain a stable value, usually pegged to fiat currencies like the US dollar (e.g., USDC, USDT, DAI). This surge in supply is critical because stablecoins are minted on demand — their issuance directly reflects user demand and fresh liquidity entering the system. This expanding supply meets the needs of protocols and exchanges that face rising user activity and capital inflows. While market sentiment remains cautious, if the stablecoin supply continues to grow, it would signal renewed risk appetite and capital deployment. In that case, stablecoins may once again serve as the early catalyst for the next major phase in the crypto bull cycle. Related Reading: Altcoins Set A Higher Low – Bulls Target 2024 High To Trigger Altseason Dominance Hovers Below 8%: A Neutral Yet Strategic Positioning The weekly chart shows stablecoin dominance currently sitting at 7.90%, a level that reflects cautious but sustained interest in liquidity reserves across the crypto market. After a sharp climb between 2020 and mid-2022—when stablecoin dominance peaked above 16% during risk-off periods—dominance has gradually declined, aligning with risk-on rotations into Bitcoin and altcoins during bull runs. However, since early 2024, dominance has consolidated between 7% and 10%, signaling a more balanced environment. The current level remains just above the 50-week and 100-week moving averages (7.76% and 8.02%, respectively), suggesting strong horizontal support. Meanwhile, the 200-week moving average at 9.30% acts as a long-term ceiling. Related Reading: Ethereum Risks Downside If Resistance Holds: $2,700 Level Is Critical This neutral position implies that market participants are neither fully risk-on nor risk-off. If dominance rises from here, it could either reflect increased fear (capital flowing out of volatile assets) or fresh liquidity entering the market, especially if paired with a rise in stablecoin supply, which we’re already witnessing with ERC-20 tokens. Featured image from Dall-E, chart from TradingView
Tether aims to curb illicit use of its USDT stablecoin as cryptocurrency-related scams and fraud increase.
The Ethereum price is flashing major upside signals as on-chain and market activity align toward a potential breakout to the $3,000 level. With crypto exchange balances falling to their lowest in nine years, stablecoin rails hitting record highs, and Spot Ethereum ETF inflows spiking last month, analysts now describe ETH as a “powder keg” primed for explosive movement. Ethereum Price Eyes A $3,300 Breakout The Ethereum price action is drawing attention as it continues to trade within a well-defined consolidation range, hovering near $2,555 at the time of writing. Based on a recently released technical analysis by crypto analyst Pentoshi on X social media, ETH could be on the verge of a significant move, with $3,300 marked as the next bullish target in the near term. Related Reading: Crypto Analyst Predicts $10,000 ATH For Ethereum This Cycle, Here’s Why The crypto expert’s chart reveals that since early May 2025, Ethereum has been locked between two key levels—a support zone around $2,190 and resistance near $2,750. This range has remained intact for over eight weeks, signaling a period of accumulation and low volatility after the sharp decline experienced in the first quarter of the year. Pentoshi has pinpointed $2,100 as the key downside risk in his bullish outlook, aligning closely with the lower support zone marked on the chart. While the next bullish extension and major resistance level has been identified as $3,300, the analyst expects Ethereum to make a move toward this price level within the next three months. He suggests that the current setup offers a favorable risk-reward profile, estimating a potential upside of roughly 3.2x compared to the downside risk. Analyst Calls Ethereum A “Powder Keg” In other news, Eric Conner refers to Ethereum as a “powder keg,” highlighting a growing convergence of fundamental factors that are building up pressure and positioning the cryptocurrency for a potentially parabolic move in the market. Related Reading: The Ethereum Waiting Game: Breakout To $2,800 Or Crash To $2,000? The analyst reports that Stablecoin activity on Ethereum has reached historic highs, with the total market capitalization of on-chain dollar-denominated assets hitting $251 billion—a record that also marks 21 consecutive months of uninterrupted growth. In parallel, Ethereum Spot ETFs have brought in $1.17 billion in net inflows during June alone, marking a major shift in investors’ appetite for ETH exposure. Even more notable, the amount of Ethereum available for trading is now at its lowest level in nearly a decade, with only nine million ETH tokens on centralized crypto exchanges. This nine-year low in exchange balances signals a drying float, where any fresh demand has an outsized impact on price. Conner has stated that large-scale crypto investors are beginning to take note. He reports that wallets holding between 1,000 and 10,000 ETH have accumulated more than 800,000 tokens daily during the peak week in June, marking the most aggressive absorption by whales since 2017. Currently, price action mirrors tension, and the analyst warns that if Ethereum decisively clears the $2,600 resistance level, the combination of supply scarcity, ETF-driven demand, and explosive stablecoin usage could unleash a violent and rapid breakout. Featured image from iStock, chart from Tradingview.com
Stablecoins captured three-quarters of institutional crypto OTC volume in the first half of 2025 as interest surges.
The crypto-friendly financial services firm claims to be the first global bank to support Ripple's stablecoin.
With rising rates and over $100 billion in reserves, Tether turned monetary policy into profit, and it’s not alone.
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.