There’s a really solid chance the House of Representatives will be passing the much-awaited GENIUS Act on Thursday, so it’s time for us to look at stablecoins.
Trump said he has spoken to members of Congress and confirmed that they will vote in favor to pass the GENIUS Act on Wednesday.
The gaming publisher is evaluating the feasibility of a proprietary stablecoin and has hired external consultant.
Standard Chartered has launched spot trading for Bitcoin (BTC) and Ethereum (ETH) through its institutional crypto platform, expanding its presence in digital assets just as U.S. regulatory and investor attention turns sharply toward stablecoins. The launch follows a series of high-level meetings across Washington, New York, and Boston, where Geoffrey Kendrick, the bank’s Head of […]
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President Donald Trump urged House Republicans on July 15 to support a procedural motion that would advance three crypto bills during the chamber’s “Crypto Week,” but lawmakers resisted the bill in today’s voting session. Trump wrote on Truth Social that “all Republicans should vote yes,” arguing that the GENIUS Act will keep the US “lightyears ahead” of China and Europe […]
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Speaking on his bank's second quarter earnings call, the famous crypto skeptic acknowledged that stablecoins are "real."
Jane Fraser told analysts the bank is evaluating stablecoin issuance and advancing tokenized deposit solutions as part of a broader digital finance strategy.
JPMorgan CEO Jamie Dimon said on a July 15 earnings call that the bank will launch products tied to stablecoins and its deposit coin as part of a broader payments strategy. As CNBC reported, Dimon said the firm “will be involved” in both formats to master the technology and protect market share. Banks refine stablecoin playbooks […]
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Regulators will also explore how stablecoins can be utilized in the new Digital Securities Sandbox.
Analyst Geoff Kendrick said stablecoins could hit $750 billion by 2026, pressuring debt issuance and USD demand.
A new weekly “On Chain” report from Bank of America is shining a spotlight on Ethereum. According to the report, the network is set to draw steady interest from stablecoin investors as lawmakers in Washington take up crypto bills in Congress. Ethereum’s role as the home for over 50% of all dollar‑pegged coins has caught the eyes of big banks and asset managers alike. Related Reading: XRP To Hit $4 This Week? This Crypto Expert Thinks So Stablecoin Legislation Under The Lens Based on reports, this week’s Crypto Week in the US House of Representatives could reshape the stablecoin sector. Lawmakers are debating three major bills: the GENIUS Act, the CLARITY Act, and the Anti‑CBDC Surveillance bill. House Financial Services Chair French Hill told a “Think Crypto” podcast that dollar‑backed coins would solidify the US dollar’s global lead. If Congress backs clear rules, the rails that already carry the most volumes could see fresh inflows. BofA launches new weekly periodical ‘On Chain,’ designed to “drill into the various facets of the fast-evolving digital assets ecosystem.” First call: Bullish ETH pic.twitter.com/sERRZiTgMq — matthew sigel, recovering CFA (@matthew_sigel) July 14, 2025 Rails For The Future Bank of America called out infrastructure providers like Stripe and the Ethereum network as prime plays for anyone looking to get stablecoin exposure. That nod isn’t just for the token itself. It’s a bet on the whole stack—wallets, apps and payment tools that ride on Ethereum’s code. Investors who pick up Ether now could tap growing on‑chain activity as stablecoin use climbs. Institutions Bet On Ether The report also mentioned Treasury Secretary Scott Bessent predicting that the dollar‑pegged stablecoin market may swell to $2 trillion in the next five years. That forecast has fund managers circling the charts. Thomas Lee, Fundstart CIO and new chairman of BitMine, even dubbed stablecoins the “ChatGPT of crypto.” His firm now holds Ether in its treasury. The move shows how big players are gearing up for a stablecoin surge on Ethereum. Related Reading: Avalanche Shatters Record With 20M Transactions—Is Real-World Use Finally Here? Other sectors are racing alongside stablecoins. BlackRock CEO Larry Fink said tokenization could expand 4,000 times over time. He sees on‑chain assets tied to real‑world items booming soon. Some say XRP and Ether are the go‑to tokens for that play. But Ethereum already has the advantage of scale. It isn’t all smooth sailing. Regulation could tighten or split along different chains. New networks chase faster speeds and lower fees. That competition could chip away at Ethereum’s lead. Still, the network’s mix of smart‑contract tools and high stablecoin volumes gives it a strong head start. For now, plenty of eyes are on Congress and on‑chain data. If US lawmakers set clear stablecoin rules, Ethereum may keep its crown as the top hub. Investors looking for exposure will likely track Ether flows and watch the bills as they move through committee. The weeks ahead could spell out the next big chapter for the network. Featured image from Pexels, chart from TradingView
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Standard Chartered says a $750 billion stablecoin market size could influence Treasury issuance and emerging market stability.
Andrew Bailey said the FSB should continue implementing its agreed stablecoins recommendations and monitor developments in this area across jurisdictions.
Everdawn Labs' USDT0 is an omnichain version of Tether’s USDT stablecoin designed for interblockchain compatibility.
Ripple is executing a sophisticated, multi-front global strategy yielding significant results and positioning the company for major infrastructure and market-share gains. Two critical developments across both sides of the Atlantic have powerfully demonstrated long-term strategic planning. In the United States, the Federal Reserve’s official adoption of the ISO 20022 messaging standard has validated Ripple’s multi-year […]
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If pro-crypto legislation passes through Congress over the coming days, "crypto will never be the same" again, Hougan said.
We’ve got a big week ahead of us in terms of U.S. crypto legislation, so I asked Katherine Dowling, general counsel at Bitwise, to give us a rundown.
The Clarity Act is set for a Wednesday afternoon vote in the U.S. House, according to industry lobbyists, and the GENIUS Act may get a Thursday morning vote.
The bluechip DeFi token hit its strongest price in five months, gaining 8% over the weekend.
Lawmakers and cryptocurrency advocates are gearing up for what is to be one of the biggest weeks for digital asset legislation.
USDG is currently available on Ethereum, Solana, and Ink, and is issued by Paxos Digital Singapore and Paxos Issuance Europe.
The analysts also see growth in Ethereum and Solana reinforcing their investment case as the cycle broadens beyond bitcoin.
Circle's blockbuster IPO last month has brought crypto listings back into the spotlight, but the bigger question is what comes next.
Binance founder Changpeng Zhao or CZ threatened to sue news agency Bloomberg for a second time over its report alleging links between the exchange and the USD1 stablecoin. In an X post on Friday, CZ called the article “another hit piece” that was “sponsored by a competitor,” without explicitly naming the competitor. He dismissed it […]
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Tether’s latest move aims to streamline its stablecoin operations. The company plans to end USDT redemptions and token issuance on five older blockchains by September 1, 2025. Any tokens left on Omni Layer, Bitcoin Cash SLP, Kusama, EOS and Algorand will become frozen after that date. Related Reading: Analyst Sounds The Alarm: Shiba Inu Primed For Over 1,500% Breakout Focus Shifts Away From Legacy Chains Based on reports from Tether, these five networks once helped drive its early growth. But current data shows a big drop in USDT activity there. Usage has been mostly flat for months. And with few new transactions, keeping those chains alive no longer makes sense. Tether to Wind Down USD₮ Support for Five Legacy Blockchains as Part of Strategic Infrastructure Review Learn more: https://t.co/MxVGdUnEhA — Tether (@Tether_to) July 11, 2025 The decision follows a careful infrastructure audit. Teams looked at chains with low usage and slow growth. They found that less than 0.1% of Tether’s total supply moves on those networks. Every dollar spent maintaining them now offers little benefit. Embracing Fast, Scalable Networks According to CEO Paolo Ardoino, Tether will put more energy into chains that can grow quickly. He pointed to real‑time scaling solutions and rising adoption as key factors. The company plans to boost support for Layer 2 systems such as the Lightning Network. It also wants to explore partnerships with newer blockchains that offer low fees and better interoperability. Experts agree with Tether’s approach. Kevin Mehrabi of StableTech said networks with weak developer traction tend to stall. And once growth stops, token circulation follows. By focusing on blockchains with active builders, Tether hopes USDT will see more real use in DeFi, micro‑payments and cross‑border transfers. Related Reading: Don’t Hold Back—Expert Recommends Full Stake In XRP What Token Holders Should Do Now Holders of USDT on the affected chains must act before the September 1, 2025 cutoff. Official Tether services will let existing clients reissue their tokens on supported networks. Other users can rely on third‑party bridges or custodians, depending on each provider’s policy. If nobody moves their coins in time, those balances will be frozen—completely inaccessible. By reallocating technical and operational resources, Tether aims to improve transaction speeds and cut costs. The company’s long‑term plan is to back ecosystems that show real growth and practical use cases. For users, the key takeaway is clear: move your USDT off those legacy rails now, or risk losing access later. Featured image from Vecteezy, chart from TradingView
Tether announced it will discontinue support for its USDT stablecoin on five “legacy” blockchains, including Omni Layer, Bitcoin Cash SLP, Kusama, EOS, and Algorand. According to the July 11 announcement, the move will become effective Sept. 1, ending redemptions and freezing remaining tokens on those networks. The decision comes as part of what the company […]
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Former Binance CEO Changpeng Zhao allegedly supported crypto projects tied to the Trump family while privately seeking a presidential pardon, according to a July 11 Bloomberg News report. The report claimed that Binance wrote the foundational smart contract code for USD1, a stablecoin issued by World Liberty Financial, a company affiliated with President Donald Trump. […]
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The firm announced in 2023 that it would discontinue support for Bitcoin Cash, Kusama, and Omni due to a lack of usage.
Ethena Labs reached $290.2 million in total protocol revenue on July 9, trailing only Tether, Circle, and Sky among stablecoin issuers. Token Terminal data show that the stablecoin issuer reached $100 million in cumulative revenue 251 days after its launch, making it the second-fastest protocol to cross this threshold. Daily fees averaged $3.1 million during […]
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