Speaking at the Wyoming Blockchain Symposium on Wednesday, central bank Governor Christopher Waller said, “the payment system is experiencing what I have called a ‘technology-driven revolution’.” He added that this includes instant payments, digital wallets, mobile payment apps, stablecoins, and other digital assets, and AI. He specifically cited stablecoins, or fiat-pegged crypto assets, as the […]
Bitcoin maintained its role as the market’s anchor asset in July, to a fresh record of $123,000. Its performance, however, coincided with a notable change in market structure as investor capital flowed aggressively into altcoins. According to Binance Research’s market insights shared with CryptoPotato, Bitcoin’s dominance fell by 5.2% to 60.6%. During the same period, […]
Ethena’s synthetic dollar stablecoin, USDe, has seen impressive market growth in recent weeks. Its market cap now stands at $9.3 billion. Over the past month alone, it increased by 75%, with a weekly jump of 24%. USDe Growth Signals Strong Investor Appetite Since July 18, yield-bearing stablecoin USDe has recorded the largest rise in supply […]
Ethereum and Solana are the key players for derivatives, while Ondo Finance continues to make waves in the RWA space. Stablecoin movements are signalling a continuation of the current rally. Shuffling of Assets Bybit, the world’s second-largest exchange by trading volume, has released its latest Smart Money Report, which focuses on analyzing institutions and influential […]
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 […]
“Stablecoins are spreading the dollar faster than any financial tech in history,” said Electric Capital General Partner Maria Shen on Tuesday. “Ethereum is becoming the financial backbone,” she added, referencing a newly published research report on stablecoin demand for Ethereum’s tenth birthday. For the first time, anyone across the globe can hold US dollars via […]
The Donald Trump-affiliated DeFi project, World Liberty Financial, is receiving considerable interest from public companies that want to hold its native WLFI token as a treasury asset, according to a recent report. Co-founder Zak Folkman revealed this during his Wednesday speech at the Permissionless conference in New York, where he also announced the release of […]
The total circulating supply of USDT on the Tron blockchain (TRC-20) has surpassed $80 billion, according to the latest data from CryptoQuant. This figure marks a major milestone for the network as it reflects its growing dominance in the stablecoin market. Tron’s $80B USDT Milestone Since late 2020, Tron has experienced parabolic growth in USDT […]
Cryptocurrency crime may be evolving, but the share of illicit such transactions remains strikingly small. According to TRM Labs’ latest annual report on crypto crime, just 0.4% of all digital asset transaction volume in 2024 was linked to unlawful activity, marking a 51% drop from the previous year despite a surge in the overall market. […]
Tether, the issuer of the world’s largest stablecoin, has been commended by the U.S. Department of Justice (DOJ) for assisting in a major enforcement operation. The collaboration led to the seizure of approximately $225 million in USDT tied to a global “pig butchering” scam, a large-scale fraud scheme that used sophisticated crypto tactics to deceive […]