Ex–World Bank president urges U.S. to lead on stablecoins

David Malpass calls stablecoins a global game-changer and says the U. S. should lead in innovation. Stablecoins are quickly becoming a battleground for global economic and geopolitical influence. On Wednesday, Oct.

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Stablecoins could top $2 trillion by 2028, says Treasury Secretary Bessent as US moves to regulate sector

The US stablecoins market represents 96% of the global $247 billion market. The GENIUS Act cleared a key hurdle this week after passing a cloture vote in the US Senate. Bessent told senators that stablecoins represent a “new mechanism” to reinforce the US dollar’s global position.

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The Quiet Revolution: Non-USD Stablecoins and Their Growing Role in Global Trade

Stablecoins have been making waves in the financial world, promising stability in a sea of volatility. While U.S. dollar-backed stablecoins like USDC and USDT have traditionally dominated, a quiet revolution is brewing: the rise of non-USD stablecoins.

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Bitcoin becomes 7th largest global asset, stablecoins and AI drive crypto in 2024: report

A new Binance report for December highlights bullish and notable trends in the crypto space as we enter a new year. The cryptocurrency market closed in 2024 with a record-breaking performance. Bitcoin (BTC) broke through $100,000, driven by regulatory optimism,…

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Navigating MiCA: Anastasija Plotnikova on the future of global crypto regulation

In the evolving landscape of digital finance, MiCA (Markets in Crypto-Assets) stands as a transformative framework poised to reshape the regulatory environment for digital assets. With stablecoins gaining momentum and mainstream adoption of crypto accelerating, MiCA introduces challenges and opportunities for fintech companies, traditional banks, and stablecoin issuers.

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All you need to know about Ethereum stablecoins' market cap hitting new high

Stablecoins on the Ethereum network just hit a new historic high, in line with global stablecoin count Assessing incoming regulatory headwinds and potential impact liquidity will be key The The post All you need to know about Ethereum stablecoins' market cap hitting new high appeared first on AMBCrypto.

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Russian firms turn to Bitcoin, stablecoins for global trade amid sanctions

Russia is actively using Bitcoin and other cryptocurrencies to counteract the impact of Western sanctions on its economy, Reuters reported on Dec. 25. The report cited Finance Minister Anton Siluanov, who recently stated that Russian companies have begun to utilize digital currencies, particularly Bitcoin mined within the country, for international transactions.

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Bitcoin Breaks Barriers: Crypto’s Big Leap to $8 Trillion and Beyond

The crypto world’s triumph in 2024 set the stage for broader possibilities in 2025. Stablecoins, for instance, have become an integral part of the financial landscape. By bridging traditional finance with crypto, they’ve facilitated seamless global transactions and hedged against currency volatility.

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The Surge of Stablecoins at the End of 2024 and What to Expect in 2025

Key Highlights: The stablecoin market surged at the end of 2024 and is set to mature in 2025, becoming a cornerstone of global trade. Regulatory frameworks and traditional financial institutions will play a central role in advancing regulated stablecoins.

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FSOC urges Congress to pass stablecoin legislation to stabilize global finance

Key Takeaways: FSOC Flags Stablecoins as “Potential Risk” to Financial Stability. High market concentration and lack of appropriate regulatory frameworks are critical challenges. Urges comprehensive federal regulation of stablecoins due to their systemic risks.

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UK to introduce comprehensive crypto regulations in 2025 as global competition heats up

The UK is set to unveil a comprehensive crypto regulatory framework in early 2025, with plans to address oversight challenges for stablecoins, staking, and other digital asset services. The announcement was made during the City & Financial Global Tokenisation Summit in London on Nov.

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Circle CEO sees stablecoins as linchpin for global trade

Circle CEO Jeremy Allaire said stablecoins are poised to become essential financial tools worldwide due to their potential to streamline cross-border trade and drive efficiencies in emerging markets, South China Morning Post reported.

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Paxos Issues New Yield-Bearing Legally Compliant Stablecoin

Paxos issued a new stablecoin, the Global Dollar (USDG), which is legally compliant with Singapore’s monetary laws. Unlike other legally compliant stablecoins, USDG will distribute a large portion of the interest earned on reserves to market participants that help propagate the stablecoin network.

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Robinhood, Kraken, Paxos launch Global Dollar stablecoin network

Major firms from crypto and traditional finance have partnered to launch the Global Dollar Network, a regulation-compliant network designed to accelerate the adoption of stablecoins. 

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Paxos CEO warns US could become ‘rust belt of finance,’ urges stablecoins

In a recent open letter, Paxos CEO Charles Cascarilla expressed concerns that the United States risks falling behind in global finance without adopting stablecoin technology.  Addressed to current presidential candidates, Vice President Kamala Harris and former President Donald Trump, the…

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Circle's Allaire: Stablecoins Could Expand by Trillions in 10 Years, Will Be Integral Part of Global Financial System

While USDC has been popular in developed markets, it has seen significant growth in emerging regions among fintechs and brokers servicing businesses and households, Jeremy Allaire told CoinDesk in an interview.

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Stablecoins improve payments for e-commerce and bring new retailers to crypto | Opinion

Stablecoins open the door to a global customer base without the hassles of traditional payment systems.

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Stablecoin usage surges in Latin America amid continued struggle with high inflation

Stablecoins like USDT have become a key financial tool in Latin America that helps citizens navigate persistent economic volatility, according to Chainalysis’ global adoption report. The region, which accounts for 9.

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Tether unveils USDT documentary to celebrate 10-year milestone

Tether's documentary highlights stablecoins' critical role in providing financial stability amid global inflation, impacting future crypto adoption. The post Tether unveils USDT documentary to celebrate 10-year milestone appeared first on Crypto Briefing.

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Tron emerges as stablecoin powerhouse, outpaces Bitcoin, Ethereum, and Solana with $566 million in Q3 revenue

Tron's rise as a stablecoin leader highlights the growing importance of stablecoins in global finance, especially in volatile economies. The post Tron emerges as stablecoin powerhouse, outpaces Bitcoin, Ethereum, and Solana with $566 million in Q3 revenue appeared first on Crypto Briefing.

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Visa partners with BBVA to launch tokenized asset platform on Ethereum, live pilots expected in 2025

Visa, the global payments giant, has announced a major step forward in integrating blockchain technology with traditional banking. With the launch of its Visa Tokenized Asset Platform (VTAP), set to pilot in 2025, Visa aims to enable financial institutions to mint, burn, and transfer fiat-backed tokens, such as stablecoins, on public blockchains like Ethereum. This […]

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SocGen's Crypto Unit Takes Euro Stablecoin to Solana After Flopping on Ethereum

Stablecoins are becoming systemically important to the global financial economy, Bernstein wrote in a recent report.

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Bitcoin and stablecoins will reshape global monetary policy, says Noelle Acheson

In a recent SlateCast episode, Noelle Acheson, author of the “Crypto Is Macro Now” newsletter, joined host Liam “Akiba” Wright and CryptoSlate CEO Nate Whitehill to discuss the growing influence of cryptocurrency on global macroeconomics and financial systems.

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Survey: Stablecoins on track to settle $5.3t in 2024 despite hurdles

Stablecoins settled $3.7 trillion in 2023 and are on pace to reach $5.28 trillion in 2024, with growing usage beyond exchange settlement, new research shows. Stablecoins continue to solidify their role in the global financial landscape, with settlement volumes reaching…

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Trump Family Crypto Project Seeks To Maintain US Dollar Dominance With Stablecoins

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Bitcoin ready to rally? Stablecoins hold the key to October gains

Global liquidity in stablecoins could push crypto prices higher. Key indicators say Bitcoin is poised for break out. September is often a bearish month for Bitcoin and other asset classes.

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Stablecoin growth soars as crypto global mass adoption ramps up

Steady growth in the market cap of many stablecoins highlights investors’ interest in all aspects of the crypto market.

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Tether reports record-breaking $5.2 billion profit in H1 2024

Tether's record profit underscores its growing influence in global finance, highlighting the increasing importance of stablecoins in economic stability. The post Tether reports record-breaking $5.

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Why is crypto down today? A stablecoin shift appears on the horizon

The global cryptocurrency market is witnessing correction with some investors shifting focus to stablecoins.  According to data provided by CoinGecko, the total crypto market cap slipped by 04% in the past 24 hours — falling from $2.38 trillion to $2.34.…

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BRICS considering a stablecoin launch for international trade settlement

BRICS member nations plan to launch a stablecoin as an alternative to the US dollar for settling cross-border transactions. BRICS pushes de-dollarization with stablecoins The bloc, which includes Brazil, Russia, China, India, South Africa, UAE, Iran, Ethiopia, and Egypt, has debated using virtual assets for global settlement for a while.

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Jeremy Allaire offers new insights into USDC expansion at Token2049

Jeremy Allaire, CEO of Circle, recently discussed USDC’s operations and the growing importance of stablecoins within the global economy.   “We’re now seeing essentially stablecoin rules coming into place all around the world.

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Urgent Stablecoin Regulation Needed, Global Financial Watchdog Says

In a bid to navigate the complex landscape of stablecoin regulation, the Bank for International Settlements (BIS) has sounded the alarm for urgent global oversight. The latest report from the BIS underscores the pressing need for a unified regulatory framework to address the significant regulatory fragmentation hindering the widespread adoption of stablecoins. Related Reading: Shiba […]

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Sui Basecamp: The Sui’s Inaugural Global Conference Opens Floor for Gaming, Stablecoins and Product Innovation

Renowned Layer-1 blockchain and smart contract platform Sui has disclosed the commencement of its much-anticipated inaugural global conference, “Sui Basecamp”. The event, scheduled for two days, commenced at about 9:30 AM local time on Wednesday, April 10, and will conclude at 4:15 PM CET on Thursday, April 11. On the first night of the event, […]

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Gaming, Stablecoins and Product Innovation Take the Stage at Sui Basecamp, Inaugural Global Conference for the Sui Ecosystem

Sui Basecamp, the inaugural global conference for the Sui ecosystem opened its doors today in Paris, welcoming developers and entrepreneurs from around the world as they celebrate Paris Blockchain Week.

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Gaming, Stablecoins and Product Innovation Take the Stage at Sui Basecamp, Inaugural Global Conference for the Sui Ecosystem

Paris, France, April 10th, 2024, Chainwire Sui Basecamp, the inaugural global conference for the Sui ecosystem opened its doors today in Paris, welcoming developers and entrepreneurs from around the world as they celebrate Paris Blockchain Week.

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ISIS leveraging stablecoins for funding operations in Africa

The terrorist group ISIS is leveraging stablecoins such as Tether for fundraising and global financial transactions, including operations in Africa. 

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BIS issues recommendations for global stablecoin regulation

The Bank for International Settlements has issued a set of recommendations aimed at regulating global stablecoins.

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Terra Classic price prediction: will LUNA Classic reach $1?

Read our Terra Classic price prediction to explore the coin’s price journey so far and consider where it could go in the future. Terra is a blockchain protocol that utilizes fiat-pegged stablecoins to facilitate global payment networks. It began production…

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Ripple’s XRP Could Be The Key To Gold-Backed Stablecoins Amid Potential Adoption By Global Banks

There has been speculation that XRP could be backed by gold amid talks that XRP could be accepted by global banks and other financial institutions for international settlements and would be backed by gold for its fair value.

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U.S. Federal Reserve Gov. Waller Says DeFi Could Boost Dollar's Global Strength

Crypto critics often warn of digital currencies' potential to destabilize the U. S. dollar, but Federal Reserve Gov. Christopher Waller argued that stablecoins' dependence on the dollar could actually strengthen the U.

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Morgan Stanley Expects Crypto to Disrupt Global Financial System

Morgan Stanley predicts that cryptocurrencies will disrupt the global financial system by 2024, with Bitcoin, stablecoins, and Central Bank Digital Currencies reshaping monetary policy and economic power dynamics.

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Stablecoins Can Help Fix the Current Lending Market

The Global Financial Crisis reduced the depth of capital markets. Blockchain-based stablecoins can help fill the gap, say Christine Cai and Sefton Kincaid, of Cicada Partners.

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Paxos receives two new in-principle approvals in Abu Dhabi

Paxos has received two in-principle approvals from the Financial Services Regulatory Authority in the Abu Dhabi Global Market (ADGM). The company will issue USD-pegged stablecoins as well as crypto brokerage and custody services.

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Paxos poised to expand global stablecoin operations in Abu Dhabi with regulatory green light

Paxos has obtained in-principle approvals from the Financial Services Regulatory Authority (FSRA) in the Abu Dhabi Global Market (ADGM). These approvals mark a significant step for Paxos in the region, allowing it to issue US dollars and other currency-backed stablecoins and offer crypto-brokerage and custody services from its regulated ADGM entities.

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Global watchdog: Stablecoin cons outweigh pros for cross-border transactions

The Committee on Payment and Market Infrastructures has highlighted both the potential and the substantial challenges of adopting stablecoins in global cross-border payments, underscoring their current non-compliance with international regulations.

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Drawbacks of Stablecoin Cross-Border Use Outweigh Benefits: Global Payments Watchdog

Existing stablecoins aren't fully compliant with relevant regulatory requirements, a report by the Committee on Payment and Market Infrastructures said.

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Canadian Stablecoins Receive Regulatory Clarification: What Lies Ahead?

As a part of the global trend of stablecoins carving out its niche, the Canadian Securities Administrators (CSA), the watchdog organization overseeing Canada’s provincial and territorial securities regulators, has stepped in with new guidelines to provide clarity on the trading and issuance of stablecoins within its borders.

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USDC and DAI more susceptible to de-pegging, say analysts

Stablecoins from Circle and MakerDAO have been less stable than those from Tether and Binance in the last couple of years, states a new S&P Global report.

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Stablecoin de-pegging plagued USDC and DAI more than others: Analysts

Stablecoins from Circle and MakerDAO have been more unstable than those from Tether and Binance over the past couple of years, according to a new report from S&P Global.

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