The Monetary Authority of Singapore (MAS) says that stablecoins have the potential to become a widely adopted means of payment. In an interview with The Business Times, MAS managing director Chia Der Jiun says stablecoins have immense potential provided that regulations are in place to keep the crypto assets from straying from their linked value. […]
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Inflows into crypto exchange-traded funds are a key driver of price performance, the asset manager said.
Continued adoption of stablecoins and cryptocurrency exchange-traded funds (ETFs) will propel digital asset performance in 2025, according to a Dec. 26 Citi research report.
Crypto ETF inflows, onchain activity and stablecoin usage all spiked after President-elect Donald Trump won the United States presidential election in November, and those metrics remain elevated going into the new year, Citi said.
“Adoption is, in our view, the most important concept to track for the long-term” performance of crypto, according to the report.
US-based crypto exchange Coinbase says there will be five main trends to watch in the digital asset markets next year. In a new “Crypto Market Outlook” report, Coinbase starts its list with stablecoins, saying that they’re “just getting started” after the sector’s explosive growth in 2024. Coinbase says stablecoins are crypto’s “killer app” and their […]
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Over the past month, the stablecoin market has swelled over $200 billion, and two fiat-backed tokens have experienced eye-catching expansions. Ethena’s yield-generating stablecoin, USDE, has grown rapidly, now approaching 6 billion in supply. Meanwhile, Usual’s USD0 supply has crossed the 1 billion threshold. Ethena’s USDE and Usual’s USD0 Shake Up a $204B Stablecoin Market December […]
Ethereum layer-2 networks now lock over $13.5 billion in stablecoins, driving total market capitalization to $205 billion.
Stablecoins locked onto Ethereum layer-2 networks have reached a new all-time high, showcasing rising demand for cryptocurrencies.
The stablecoin supply to all blockchains combined is dominated by Tether (USDT), USD Coin (USDC) and Ethena’s stablecoin, USDe.
As of Dec. 20, the Ethereum blockchain held $13.5 billion worth of stablecoins, according to data from Tie Terminal, a crypto data platform for institutions and Cointelegraph Markets Pro. The overall stablecoin circulation crossed $205 billion, showing the ecosystem’s growing relevance in real-world use cases.
Michael Saylor, co-founder and executive chairman of Microstrategy, has discussed the opportunity for the U.S. to make the dollar ubiquitous by building a regulatory framework that allows U.S. banks to issue their treasury-backed stablecoins. Michael Saylor Discusses US Banks’ Upcoming Digital Dollar Adoption Michael Saylor, bitcoin visionary, co-founder, and executive chairman of Microstrategy, the first […]
The chief executive of stablecoin issuer Circle says that dollar-pegged digital assets should become a mass export product of the United States. In a new interview on CNBC Television, Circle CEO Jeremy Allaire says that the US should promote “full reserve digital dollars” as a means of preserving the value of the US dollar. Allaire […]
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Ripple chief technology officer David Schwartz says investors should not hope for gains on stablecoins as his firm prepares to launch its new dollar-pegged crypto asset. In a new post on social media platform X, Schwartz says Ripple USD (RLUSD) may experience supply shortages in the early days of its debut given the pre-market demand […]
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According to data issued by the national tax enforcer, the adoption of solana and ether is growing in Brazilian markets. Ether’s utilization increased significantly, having registered 950,000 transactions moving over $165 million – a relevant increase compared to last year’s October numbers, when it scored 600,000 transactions and transferred nearly $40 million. Solana also exploded, […]
The firm behind USDT says that the growth of crypto’s largest stablecoin by market cap has been fueled by sharks and minnows rather than whales. In a newly released Tether Insights publication, USDT-issuer Tether highlights the “extraordinary” growth of USDT in crypto wallets. “The growth of USDT wallets has been extraordinary, increasing 71% in the […]
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