Ethena approved BNB as eligible collateral for the perpetual-futures portion of USDe’s backing, hinting that XRP and HYPE may be next in line.
The company provides stablecoin-based products for non-bank lenders in global trade.
The European Union is accelerating work on a digital euro and is weighing public blockchains, including Ethereum and Solana, for issuance and settlement, per the Financial Times. The move follows passage of U.S. stablecoin legislation and a market dominated by dollar-pegged tokens, a backdrop that raises concerns inside European institutions about the euro’s role in […]
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The GENIUS Act's passage caught many in Europe off guard and sparked concerns dollar-backed stablecoins could tighten America’s grip on cross-border payments.
Crypto firm Ripple has revealed plans to expand its RLUSD stablecoin into Japan by 2026. On Aug. 22, the stablecoin issuer announced that it had signed a memorandum of understanding with SBI VC Trade, a Japanese financial powerhouse SBI Holdings subsidiary. According to the statement, SBI would distribute RLUSD in Japan and work with Ripple […]
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In separate meetings, executives from Shinhan, Hana, KB Financial and Woori Bank will explore the role of dollar-pegged and won-pegged stablecoins in the country.
Ripple announced Friday that it plans to distribute RLUSD in Japan in partnership with SBI Holdings in the first quarter of 2026.
Stablecoins could swell to a $1.2 trillion market by 2028 and begin exerting pressure on U.S. debt markets, according to an Aug. 21 Coinbase report. The projection, based on thousands of growth simulations, outlines a path for the market to expand nearly 5x from its current size of $270 billion. The report comes as the […]
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Macro conditions suggest Bitcoin (BTC) might face a multi-week performance slowdown if global M2 money supply peaks in September, according to a recent report by Delphi Digital. The BTC-M2 relationship using a 10-week offset shows M2 data already rolling over roughly 8% from projected September highs. Bitcoin has historically followed M2 peaks with performance lags, […]
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The target translates to stablecoins growing almost five-fold from the current market size of $270 billion.
MetaMask, the widely used self-custodial wallet, has revealed plans to launch its own stablecoin, MetaMask USD (mUSD), later this year. According to an Aug. 21 statement, mUSD will initially debut on Ethereum and Linea L2, where it will become a key component of Linea’s growing DeFi ecosystem. The project will be developed in collaboration with […]
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Dogecoin, despite being held up around the $0.21 to $0.23 price zone, has seen its user base grow with adoption among crypto investors of all types. Notably, on-chain data shows that Dogecoin has now surpassed 8 million in terms of addresses holding a non-zero balance. On‑chain analytics from Santiment reveal that Dogecoin has risen from approximately 6.9 million holders earlier in 2025 to the latest 8 million milestone. Only Ethereum and Bitcoin exceed Dogecoin when it comes to user base size. Dogecoin Holder Count Keeps Surging The momentum behind Dogecoin’s adoption shows no sign of slowing down, and the number of addresses holding the meme cryptocurrency is now above 8 million. This trend in Dogecoin holders stems from the cryptocurrency increasingly becoming the go-to asset for many retail traders. This, in turn, has seen the number of Dogecoin holders continue to surge this year, especially as retail investors start to transition from other large market-cap cryptocurrencies like Bitcoin, which many now argue is the crypto for institutions. Related Reading: 4-Year Cycle Says Dogecoin Price Will Reach $1, Here’s Why Although Dogecoin also saw a huge growth in the number of holders in 2024, the growth in 2025 is outpacing the trend seen in 2024, To put this into perspective, it took the whole year to add 1 million new DOGE holders in 2024, whereas in 2025, the same milestone has taken less than eight months. This is a substantial increase from about 6.9 million holders in the beginning of 2025. The latest figures place Dogecoin well ahead of other large market cap cryptocurrencies such as Cardano (ADA), Chainlink (LINK), and XRP, as well as major stablecoins including USDT and USDC, in terms of total holder count. Only Ethereum, with about 148 million addresses, and Bitcoin, with around 55 million, surpass Dogecoin’s adoption levels. DOGE Whales Continue Accumulating The steady increase in new Dogecoin addresses has been supported by a corresponding increase in whale accumulation. Trading data shows that large wallets have added more billions of Dogecoins in recent weeks. For instance, recent on-chain data shows that wallet addresses holding between 100 million and 1 billion Dogecoin recently added about 2 billion Dogecoin worth $448 million to their holdings within a week. At the institutional level, Bit Origin made headlines after committing $500 million to a Dogecoin treasury last month when the price was hovering around $0.24. Related Reading: Dogecoin Targets $1.25, But This 170% Move Is The Start Technical traders are also paying close attention. One analyst known as Trader Tardigrade pointed out that DOGE’s current chart setup is nearing the final stages of consolidation before a pump on the daily candlestick timeframe chart. If this pump were to manifest, the analyst projects a pump to $0.41 after breaking out of a triangular consolidation pattern. Interestingly, a longer-term analysis from the same analyst on the monthly candlestick timeframe chart shows that Dogecoin has built a support base and is ready for the next leg up that would take it to as high as $4. At the time of writing, Dogecoin is trading at $0.222, up by 4.3% in the past 24 hours. Featured image from Getty Images, chart from Tradingview.com
Coinbase said the "launch of trading for these assets is contingent on market-making support, and sufficient technical infrastructure."
Stablecoin demand for Treasuries won’t meaningfully shift T-bill dynamics, but instead poses a bigger challenge to money market funds, the report said.
World Liberty Financial (WLFI), the crypto project affiliated with US President Donald Trump, has minted approximately 10% of its USD1 stablecoin supply, totaling $205 million, for its Treasury. In an April 20 statement on X, WLFI pointed out that the stablecoin is one of the fastest-growing in the market, noting that the asset is “backed […]
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MetaMask's upcoming digital dollar is the first example of the partnership, combining Bridge's regulatory and reserve management with M0’s blockchain expertise.
As traditional financial firms increasingly explore the integration of stablecoins into their operations, Goldman Sachs has made a bold prediction: the stablecoin sector could soon reach valuations in the trillions. This optimism comes on the heels of significant regulatory developments, most notably the recent introduction of the GENIUS Act, which aligns state and federal frameworks for stablecoin regulation. ‘Stablecoin Gold Rush’ US Treasury Secretary Scott Bessent expressed confidence in the role of stablecoins, suggesting they could significantly boost the market for US Treasuries. According to a report from the Financial Times, Bessent has indicated that the government may increase the sale of short-term debt to meet the anticipated demand for these cryptocurrencies. Related Reading: Expert Touts Chainlink Advantage Over XRP In Institutional Adoption Race Goldman Sachs views this moment as the dawn of a “stablecoin gold rush.” In a recent research paper authored by Will Nance and his team, the bank noted that the global market for stablecoins currently stands at approximately $271 billion. They anticipate significant growth, particularly for Circle’s USD Coin (USDC) stablecoin, which they believe will gain market share both on and off the Binance platform. The report estimates that USDC could see an impressive $77 billion increase, representing a compound annual growth rate (CAGR) of 40% from 2024 to 2027. The Potential Impact Of Dollar-Pegged Cryptocurrencies The potential market for stablecoins is vast, with Goldman Sachs highlighting that Visa estimates the addressable market for payments at around $240 trillion in annual payment volume. Consumer payments alone account for about $40 trillion, while business-to-business (B2B) payments and person-to-person (P2P) transactions make up the remainder. The unique structure of stablecoins—requiring them to be backed one-to-one with US dollars or government bonds—means that each stablecoin issued directly increases demand for the bonds that back them. Some market analysts believe this approach will have a profound impact on the bond market, particularly for short-dated bonds, which often yield low interest rates. Related Reading: Shiba Inu Takes Major Step With Community Governance Model — Details A research paper from the Bank for International Settlements also supports Goldman Sach’s view, suggesting that significant inflows into the stablecoin market could lower three-month Treasury yields by 2 to 2.5 basis points within a short time frame. However, the bank’s paper also notes that the effects of stablecoin outflows are disproportionately greater, causing yields to rise by two to three times as much. Amid significant regulatory progress from the Trump administration, including the passage of the GENIUS Act for stablecoins, the CLARITY Act, and the Anti-CBDC bill, there have been increased inflows in the broader crypto market. Significant capital has entered Bitcoin and Ethereum exchange-traded funds (ETFs), and there is a new trend of adopting cryptocurrencies as treasury reserves. These factors have led to a new all-time high in total crypto market capitalization of $4.17 trillion. As of this writing, the figure has dropped to $3.81 trillion, as the market’s largest cryptocurrencies have led the correction witnessed since last week. Featured image from DALL-E, chart from TradingView.com
The Crypto Council for Innovation (CCI) and the Blockchain Association jointly issued a letter on Aug. 20 endorsing Brian Quintenz for Chairman of the US Commodity Futures Trading Commission (CFTC). In the letter to President Donald Trump, the groups emphasized that confirming Quintenz promptly is critical to advancing his administration’s agenda to foster a “golden […]
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Federal Reserve officials focused significantly on stablecoins during their July 29-30 meeting, analyzing potential impacts on the financial system following the passage of the GENIUS Act. In the minutes released on Aug. 20, the members of the Federal Open Market Committee (FOMC) mentioned the digital tokens multiple times. Stablecoins discussed extensively The officials mentioned “payment […]
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Federal Reserve Governor Christopher Waller declared that “there is nothing scary” about DeFi simply because it operates outside traditional banking infrastructure. Speaking at Wyoming Blockchain Symposium 2025, Waller framed blockchain-based transactions as a natural technological evolution rather than disruptive threats. He compared DeFi operations to conventional purchases, noting that buying crypto with stablecoins through smart […]
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Uniform Labs’ Will Beeson says that the future of finance is not merely faster payments — it is a world where capital is never idle, where the trade-off between liquidity and yield disappears and where the foundations of financial markets are rebuilt for an always-on, global economy.
Binance launched a Plasma USDT Locked Product under Simple Earn’s on-chain yields, offering daily USDT rewards and a 100 million-XPL airdrop pool.
The investment banking giant also sees USDC growing $77 billion by the end of 2027, thanks in part to legislative gains.
The on-chain yield program quickly attracted investors with offering Plasma's XPL native token rewards.
China is evaluating yuan-backed stablecoins for the first time, with the State Council set to review a roadmap on currency internationalization and stablecoin usage later this month, per Reuters. The plan would assign regulatory responsibilities, outline risk controls, and task the People’s Bank of China with implementation, and pilot activity is expected in Hong Kong […]
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China is assessing whether to allow yuan-backed stablecoins to improve global reach, a shift that would follow Hong Kong’s push to license issuers.
Industry groups said repealing key provisions of the GENIUS Act would stifle competition and deny consumers meaningful choice.
Circle has launched a unified cross-chain infrastructure that enables businesses to access USDC balances across multiple blockchains. An Aug. 19 announcement labeled the new product as Gateway, a system that addresses liquidity fragmentation issues that force companies to pre-position funds across chains and manage complex rebalancing operations. Gateway combines smart contract infrastructure with an off-chain […]
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Ripple distills a Singapore workshop into four custody best practices: compliance by design, tailored models, operational resilience and governance.
Stablecoins used in the settlement include dollar- and euro-pegged tokens of Circle, Paxos, PayPal, Ripple and Societe Generale, among others.