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The cryptocurrency market is now experiencing a decline in trading activity that is noticeable when compared to the prior period of what everybody thought was at least a bull cycle. The most recent all-time high for the total market cap of all cryptocurrencies was approximately $3.2 trillion in early January 2025. Since then, the numbers … Read more
Acting SEC chair rejects enforcement, first US bank-issued stablecoin, Bitcoin’s four-year cycle at crossroads, and more in this Week in Review. Week in Review Acting SEC Chair Uyeda called for clear rulemaking over enforcement to provide much-needed guidance to the industry. The first U.S. bank-issued stablecoin on a permissionless blockchain—Ethereum—has launched. Bitcoin’s price remains relatively … Read more
Circle’s stablecoin, USDC, has hit an extraordinary milestone, achieving a record market capitalization of $60 billion. This is a significant increase and has more than doubled the value of USDC in the past year. This growth doesn’t only speak to the increasing adoption of USDC. It also is a testament to the broader growth of … Read more
Through Juno, a new subsidiary dedicated to digital assets and stablecoin issuance, Bitso aims to introduce the Mexican peso stablecoin to serve several use cases, with remittances and cross-border payments facilitation at the center. Bitso Introduces Juno, Launches Mexican Peso Stablecoin The stablecoin market is heating up, and companies are now backing them with currencies … Read more
The U.S. state of Wyoming has identified nine candidate blockchains to host its upcoming stablecoin, dubbed WYST. The state has selected Layerzero, an omnichain interoperability protocol, as the top-ranked vendor for smart contract development. Wyoming Eyes Multiple Blockchains for Upcoming Stablecoin Launch The U.S. state of Wyoming has identified nine candidate blockchains as potential hosts … Read more
Fidelity Investments is reportedly planning to launch its own stablecoin, marking its entry into tokenized U.S. Treasuries. Changing Environment Under Trump Administration Fidelity Investments, the Boston-based $5 trillion asset management firm, is reportedly planning to launch its own stablecoin. The stablecoin launch is seen as heralding Fidelity’s entry into tokenized versions of U.S. Treasuries. According … Read more
The stablecoin economy has soared to an unprecedented zenith this week, buoyed by a $10.28 billion expansion in March, propelling its total valuation to $234.60 billion. Concurrently, Circle’s USDC has eclipsed the $60 billion threshold for the first time. USDC Climbs While Treasury-Backed Tokens Disrupt Stablecoin Hierarchy Per the most recent data from defillama.com, recorded … Read more
Circle secures Japan’s first stablecoin approval, unleashing a new era of digital finance, trading, and payments through a groundbreaking partnership with SBI Holdings. ‘First and Only Stablecoin’ Approved for Use in Japanese Markets Circle Internet Group Inc. advanced its international expansion on March 25 by announcing a strategic launch in Japan, leveraging its local subsidiary, … Read more
First-ever tokenization of U.S. dollar bank deposits on Ethereum signals a seismic shift in traditional finance, with stablecoins now fully regulator-approved. Custodia and Vantage Bank Complete Historic Stablecoin Transaction on Ethereum Custodia Bank announced on March 25 that it had completed a landmark transaction in partnership with Vantage Bank, describing it as “America’s first-ever tokenization … Read more
The announcement comes at a time when two landmark stablecoin bills are making their way through Congress. New Stablecoin Coming Soon from Trump-Backed World Liberty Financial World Liberty Financial (WLFI) announced plans to launch a USD stablecoin dubbed “USD1” in a post on Tuesday. The Trump-backed crypto project, which touts itself as a “pioneering DeFi … Read more