Study: Expansion of Stablecoins Might Raise Volatility in US Treasuries
An increase in the adoption of Stablecoins may lead to heightened volatility in US Treasury securities with short-term maturities. Some analysts believe that as these dollar-backed cryptocurrencies gain traction, their volatility could affect the bill market, as mentioned in a report by Reuters on June 6th. The analysis suggests that disruptions within the Stablecoin market […]
Circle, a leader in stablecoins, is optimistic about IPO interest and raises its offering with a $7.2 billion valuation.
Simply put Circle has revised its IPO plans, increasing both the number of shares it intends to sell and the expected price for those shares, according to new SEC filings. This would imply the company is aiming for a fully diluted valuation. Recently, Ripple attempted to acquire Circle, making a bid between $4 billion and […]
Meta is exploring the use of stablecoins for international payments.
Meta is reportedly exploring the use of stablecoins for cross-border payments. The company is in talks with various crypto firms and plans to utilize multiple types of stablecoins, according to an unnamed source quoted by Fortune on May 8. The idea is to facilitate international transactions without incurring the fees typically associated with wire transfers […]
Senate vote on stablecoin’s outcome unclear as important Democrats withdraw
The Senate is gearing up for an important vote on a significant crypto-regulation bill, known as the Genius Act, this Thursday. To proceed to the final vote, the bill needs 60 votes to clear the procedural hurdle. The intention behind the Genius Act is to establish a regulatory framework for digital assets tied to Stablecoins […]
Stablecoins to hit $2 trillion in the next three years and spur demand for Treasurys, says Standard Chartered – CNBC
According to analysts at Standard Chartered, Stablecoin’s law could potentially spur demand for the US Treasury and drive an explosion in the supply of cryptocurrency that will help support the control of the US dollar. If President Donald Trump clarifies and signs US regulations this summer, if bank London-based analyst President Donald Trump states in […]
President Trump Signs Executive Order To ‘Evaluate’ Strategic Bitcoin and Crypto Reserve, Ban Central Bank Digital Currency, Boost Stablecoins – The Daily Hodl
President Trump just signed an executive order recognizing the creation of the National Strategic Reserve of Bitcoin and cryptocurrencies and blocking the development of central bank digital currencies (CBDCs) while promoting the adoption of stablecoins. The order, titled “Strengthening U.S. Leadership in Digital Financial Technology,” states that the government supports the “responsible growth” and use […]
Robinhood and Revolut Neither Confirm Nor Deny Report of Stablecoins – PYMNTS.com
robinhood market and Revolute reportedly non-committal When asked about media reports that he is considering launching a stablecoin. Asked about the Bloomberg report, a Robinhood spokesperson said the company has “no imminent plans to launch this service.”,” meanwhile According to Bloomberg, a Revolut spokesperson said the company plans to “further grow” its suite of cryptocurrency […]
Solana 'beats' Ethereum on the stablecoins front, leaving SOL's price at… – AMBCrypto News
Solana recorded the highest stablecoin transfers compared to all other networks However, interest in Solana’s DeFi sector and NFTs has declined Despite Solana [SOL] Interest in the network has not waned in the slightest, even as the ecosystem has recorded significant growth over the past few months. Solana maintains dominance According to the new VISA […]
Stablecoins: What they are and why Congress is looking to write rules for them
Members of Congress are working to legislate guardrails for stablecoins, a unique form of cryptocurrency. While a relatively new concept, stablecoins have exploded in popularity, leading lawmakers to seek regulation. Here’s what to know. What stablecoins are Stablecoins, while a form of cryptocurrency, differ in some major respects from traditional crypto assets, such as bitcoin […]
Ripple’s XRP Could Be The Key To Gold-Backed Stablecoins Amid Potential Adoption By Global Banks – ZyCrypto
Versan Aljarrah, the founder of Black Swan Capitalist and a well-known YouTuber, recently praised XRP. In a recent post on X, Aljara pointed out that XRP could play a key role in the growing demand for gold-backed cryptocurrencies with prices pegged to precious metals. Will XRP become the new gold-backed global standard? Speculation that XRP […]