Now, what that means is that the total amount of circulating stablecoins of these eight denominations (e.g., USDT) was collectively worth approximately $245 billion US dollars, according to CoinMarketCap data as of the time of this writing. Stablecoins Compared To US Dollar Base Supply Stablecoins are already a significant part of the financial economy in…
Visa continues its journey into the ever-evolving world of cryptocurrency and blockchain, adding support for more coins and chains to boost its versatility. Meanwhile, stablecoins remain one of the leading trends in adoption during this year. A Bit of Everything In a press release shared with investors, Visa, the world’s second-largest card payment organization, announced…
A top Mastercard executive says that the payments giant is gearing up for stablecoins to make a big impact on the global financial system. In a new blog post, Mastercard’s executive vice president and head of global policy, Jesse McWaters, says that the company welcomes the recently passed stablecoin regulation, not only in the US…
A crypto analyst known for his charts says that altcoins are flashing a very bullish signal that’s been five years in the making. In a post on the social media platform X, pseudonymous analyst TechDev shares with his 535,000 followers a TOTAL3 chart, which measures the entire market cap of crypto assets excluding Bitcoin (BTC),…
Advertisement     U.S. President Donald Trump fulfilled part of his promise to create U.S. crypto regulations on Friday, signing a bill that would formally establish a clear federal regulatory framework for using stablecoins for everyday financial transactions. This is a historic law for the crypto industry, which has been clamoring for regulatory clarity…
The governor of the Bank of England, Andrew Bailey, wrote a letter to the G20 yesterday stating that the Financial Stability Board (FSB) — the forum’s financial overseer, which Bailey was appointed to head in April — is assessing the role of stablecoins in payments and settlements as a top priority. To the point: an…
TLDR: EU licenses 53 crypto firms under MiCA, including 14 stablecoin issuers and 39 CASPs. Circle gains approval for euro stablecoins, while Crypto.com readies EU-wide services. Netherlands leads in CASP licenses, followed by Spain, France, and Germany. No asset-referenced tokens approved yet; next MiCA update expected in September. The European Union has formally licensed 53…
TLDR: Minna Bank to test yen-pegged stablecoins for retail payments using Solana rails. Fireblocks provides secure wallet tech; TIS integrates blockchain into banking apps. Pilot covers RWA trading, QR payments, and embedded Web3 wallets in mobile banking. Japan’s regulators monitor tests as they shape stablecoin rules for mass adoption. Minna Bank has moved first among…
The premise is driven by Treasury Secretary Scott Bessent’s agenda to engineer a liquidity injection that resembles past Federal Reserve interventions, said Hayes in a lengthy blog post on July 3. However, this will be done via financial innovation and regulatory tweaks, not overt money printing, he added. Bessent is “done getting fluffed,” and it’s…
Walmart, Amazon, and other massive global companies are reportedly looking into the benefits of having their own stablecoins. According to a new report by The Wall Street Journal, anonymous people familiar with the matter say that some of the world’s largest retailers are considering issuing their very own dollar-pegged crypto assets in the US in…