Stablecoins

Stripe just pulled off a massive growth spurt, and the payments giants should be paying attention. According to JPMorgan analyst Tien-tsin Huang, the private fintech powerhouse processed a staggering $1.4 trillion in volume last year, a 38% year-over-year jump that left competitors in the dust....

Bank of America Corp. (NYSE:BAC) CEO Brian Moynihan has signaled the financial services industry’s imminent entry into the crypto economy, highlighting the potential for stablecoins to become a significant part of the banking landscape. What Happened: In an interview with David Rubenstein at...

Barstool Sports founder Dave Portnoy shared on a recent stream that he owns millions of dollars in Bitcoin (CRYPTO: BTC) and XRP (CRYPTO: XRP), which comes after he recently interviewed Bitcoin bull Michael Saylor. What Happened: The price of the XRP token from Ripple has been soaring, and price...

Stablecoins are emerging as transformative tools in global financial systems, offering faster settlements and reduced costs. However, before widespread adoption, the technology faces regulatory, infrastructure, and institutional challenges. That was the consensus among speakers at the Benzinga...

As financial systems grapple with inefficiencies, stablecoins emerge as a transformative force in global finance. During a discussion led by Paul McCaffery at the recent Benzinga Future of Digital Assets conference, panelists explored how these digital currencies reshape payment systems and force...

StraitsX is the creator of XSGD, the first Singapore Dollar stablecoin globally, and XIDR, the Indonesian Rupiah stablecoin. As a Major Payment Institution in Singapore, StraitsX empowers users to manage payments seamlessly and integrate their accounts with digital asset platforms. Benzinga...

Two of the world's largest financial institutions, Citi and Société Générale, are making strides in blockchain technology and unveiling new initiatives that could reshape traditional banking processes. During a recent panel at Benzinga's Future of Digital Assets event, Citi’s Ioana Niculcea...

With expectations of a more pro-crypto U.S. Congress, potential regulatory changes could impact digital assets in 2025. Ian Horne, head of content at Money20/20's Amsterdam show, shared his views on the topic ahead of his upcoming appearance at the Benzinga Future of Digital Assets event. Political...

The team behind World Liberty Financial, a decentralized finance (DeFi) project backed by former President Donald Trump, stated that the best way to "Make "America Great" using cryptocurrencies was to encourage the usage of U.S. dollar-backed stablecoins rather than speculative, risky assets....

Rep. Maxine Waters (D-Calif.) has proposed a deal to Rep. Patrick McHenry (R-N.C.), the Republican chair of the committee that could potentially advance long-stalled stablecoin legislation in the U.S. before the end of 2024. What Happened: Axios reported on Monday, citing a Hill staffer, that the...

Donald Trump has announced the launch of his decentralized finance (DeFi) crypto project, World Liberty Financial, slated for Monday. What Happened: Trump revealed the launch date of his DeFi platform in a video update on social media platform X. The platform is designed to aid those who are...

The digital assets market is experiencing a wave of new stablecoin launches by various technology and cryptocurrency companies, and even a state, in spite of concerns about their limited use and chances of survival. What Happened: A Financial Times report on Thursday revealed that blockchain-based...

Former President Donald Trump’s upcoming cryptocurrency project, World Liberty Financial, expressed its commitment to promoting the mass adoption of dollar-pegged stablecoins to uphold U.S. financial supremacy. What Happened: On Wednesday, the team behind the hotly-anticipated decentralized...

Tether Holdings (CRYPTO: USDT) Limited has disclosed $5.2 billion profit for the first half of 2024, setting a new record for the company in its second-quarter attestation. What Happened: Tether's Q2 attestation reflects a group equity of $11.9 billion as of June 30, 2024. Tether reported a net...

The stablecoin sector has witnessed a significant expansion since the beginning of July, coinciding with the overall upswing in the cryptocurrency market. What Happened: In an X post on Wednesday, Ki Young Ju, CEO of on-chain analytics firm CryptoQuant, noted that stablecoins have been flowing...