Stablecoins

Stablecoins are now facilitating nearly $800 billion in digital transactions each month, positioning themselves as credible challengers to traditional payment networks like Visa (NYSE:V), according to Grayscale's June 2025 market report. The surge in usage is occurring alongside a wave of favorable...

Ripple's U.S. dollar-pegged stablecoin RLUSD has surpassed $500 million in circulation just seven months after launch, placing it among the top 20 dollar-denominated stablecoins in the market. What Happened: The token, which operates on both the XRP (CRYPTO: XRP) Ledger and Ethereum (CRYPTO: ETH),...

Ripple's (CRYPTO: XRP) bid for a U.S. national banking license has been described by industry experts as a potential turning point for the company and the broader stablecoin ecosystem, as it positions Ripple to issue and move stablecoins under federal oversight without reliance on traditional banks...

Arthur Hayes has laid out a detailed case for why the U.S. government, through Treasury Secretary Scott Bessent's policies, is increasingly leaning on stablecoins as a financial tool to help fund growing federal deficits while keeping bond yields contained. "The real stablecoin play isn't betting...

Financial analyst and strategist Tom Lee stated Monday that Ethereum (CRYPTO: ETH) will play a crucial role in the banking sector’s future, highlighting the rationale for buying and holding the second-largest cryptocurrency in reserves. What Happened: During a CNBC interview, Lee was...

BIMA, a decentralized finance (DeFi) platform focused on Bitcoin (CRYPTO: BTC)-backed stablecoins, announced on Monday the launch of real-yield vaults for its USBD stablecoin in collaboration with Bracket, a DeFi strategy provider supported by Binance Labs. The partnership will allow BIMA users to...

UAE-based Web3 fund Aqua 1 has acquired $100 million worth of governance tokens from World Liberty Financial (WLFI) as part of a strategic effort to expand decentralized finance (DeFi) adoption and governance participation. The purchase aims to support WLFI's decentralized platform, which focuses...

Rep. Adam Schiff (D-Calif.) introduced legislation Monday aimed at curbing the alleged corruption in cryptocurrency ventures by President Donald Trump and other senior administration officials. What Happened: In a video posted on X, Schiff said the so-called COIN Act wants...

Circle Internet Group Inc (NYSE:CRCL) shares are trending on Monday as the stock trades at all-time highs. The company announced a partnership with Fiserv to develop stablecoin-enabled solutions. What Happened: Circle Internet Group announced a strategic collaboration on Monday to jointly explore...

A stablecoin bill sprinting toward the legislative goal line could unleash trillions in global demand for U.S. Treasuries and cement the dollar's dominance in digital finance—at least if White House crypto adviser David Sacks gets his wish. But with President Donald Trump's family-linked crypto...

Financial commentator Peter Schiff expressed his intent to launch a gold-backed stablecoin Thursday, questioning the value of those backed by the U.S. dollar. What Happened: Schiff responded to a comment on X that he should launch a gold-backed stablecoin. “They already exist. But I...

Paolo Ardoino, CEO of stablecoin issuer Tether (CRYPTO: USDT), said Thursday that the company has no plans to go public, despite Circle Internet Financial’s (NYSE:CRL) success on Wall Street. What Happened: During an interview with entrepreneur and investor Anthony Pompliano, Ardoino...

Economist and market commentator Peter Schiff raised doubts about the potential of stablecoins to uphold the U.S. dollar’s dominance on Wednesday, stating that their primary use would be in cryptocurrency trading. What Happened: Schiff took to X, disputing the widely touted role of...

President Donald Trump lauded the Senate’s passing of the stablecoin legislation Wednesday, urging Congress to get it to his desk without delays. What Happened: In a Truth social post, Trump said that the “incredible” GENIUS Act would position the U.S. as the “undisputed...

Tokenization of real-world assets (RWAs) must move beyond replicating traditional assets on-chain and instead focus on areas where blockchain-native features provide clear advantages, according to Standard Chartered's Head of Digital Assets Research, Geoffrey Kendrick. In the bank's latest global...