Stablecoins

Cardano (CRYPTO: ADA) has surged 23% over the past week as co-founder Charles Hoskinson is exploring the possibility of launching a privacy-enabled stablecoin that functions with the anonymity of physical cash. What Happened: Speaking on the Conversations with Leaders podcast hosted by eToro on May...

Democratic lawmakers are raising concerns over reported financial links between cryptocurrency exchange Binance and ventures tied to the Trump family, following a recently revealed $2 billion deal involving a Trump-backed digital token. What Happened: Senators Chris Van Hollen of Maryland and...

Treasury Secretary Scott Bessent on Friday publicly criticized the U.S. Senate’s failure to advance the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, expressing concern over the missed opportunity to establish a federal regulatory framework for stablecoins....

Coinbase Global Inc. (NASDAQ:COIN) CEO Brian Armstrong, on Thursday, touched on the wisdom of traditional banks launching their own stablecoins in light of their foray into the cryptocurrency industry. What Happened: During the first quarter earnings call, Armstrong was asked about the growing...

Ripple (CRYPTO: XRP) has pledged $25 million to support U.S. K-12 classrooms and educators through partnerships with nonprofit organizations DonorsChoose and Teach For America. What Happened: The funding, distributed primarily in Ripple USD (CRYPTO: RLUSD), aims to address persistent shortages in...

Christian Thompson, Managing Director of the Sui Foundation, stated that bipartisan U.S. stablecoin legislation will be a powerful mechanism for driving capital formation and retail onboarding into Web3 ecosystems. Speaking with Benzinga on the sidelines of Sui basecamp in Dubai, Thompson, a former...

A new report has revealed that 62% of crypto users now manage two or more wallets, highlighting deep fragmentation in the on-chain user experience. The report, by Reown and blockchain analytics firm Nansen, based on a YouGov survey and on-chain data analysis, paints a picture of a growing yet...

Tech investor Chamath Palihapitiya highlighted the rising dominance of stablecoins in the global financial system Tuesday, deeming them one of the hottest cryptocurrency narratives besides Bitcoin (CRYPTO: BTC). What Happened: As part of his deep dive into the stablecoin market, Palihapitiya noted...

A growing number of cryptocurrency companies are preparing to enter the U.S. banking system, propelled by a policy shift under President Donald Trump aimed at integrating digital assets into mainstream finance. What Happened: Firms like Circle (CRYPTO: USDC) and BitGo are planning to apply for bank...

A forthcoming U.S. regulatory framework is expected to supercharge the stablecoin market, pushing its total value from $230 billion today to $2 trillion by the end of 2028. According to Geoffrey Kendrick, Head of Digital Assets Research at Standard Chartered, the growth will generate $1.6 trillion...

Chris Dixon, managing partner at venture firm a16z crypto, says blockchain-based stablecoins are transforming the global payments landscape in the same way WhatsApp upended costly international phone calls. What Happened: In a blog post published on Thursday, Dixon outlines how stablecoins are...

In response to the rising influence of U.S. dollar-pegged cryptocurrencies, a Chinese Communist Party-backed publication called on China to accelerate its stablecoin development and expand the international currency status of the Chinese Yuan. What Happened: An op-ed published in Study Times...

A Coinbase Global Inc. (NASDAQ:COIN) analyst views the stock as a balanced risk/reward opportunity for investors and long-term growth winner in the cryptocurrency sector. The Coinbase Analyst: Goldman Sachs analyst James Yaro gave Coinbase a Neutral rating and a $195 price target. Analyst Will...

Spruce Point Capital Management has announced a new short position against Remitly Global Inc (NASDAQ:RELY) as the short seller believes there’s reason to be skeptical of the company’s financial reporting and valuation. What To Know: Spruce Point targeted Remitly Global in a new bearish...

Many cryptocurrencies soared to new all-time highs after Donald Trump won the 2024 presidential election. With 2025 underway and Trump in the White House, Benzinga recently asked readers which cryptocurrencies they are buying. What Happened: Trump recently announced plans for a strategic crypto...