On Thursday, another stablecoin, this one dubbed ‘USDX’ from Stable Labs, took a nosedive off its $1 peg, skidding all the way down to $0.3736. The meltdown, some say, traces back to the Balancer exploit that left more than $100 million vanishing into the ether. USDX Springs a Leak After the Stream Finance debacle—where its […] Source CryptoX Portal
Key Notes Wood’s revised projection still anticipates 1,100% growth for Bitcoin over the next five years despite the reduction. Stablecoin market capitalization has reached $306 billion, outpacing Bitcoin’s growth by 2.14 times since 2020. Major tech companies including Google and Cloudflare have launched stablecoin-integrated platforms for payments and AI transactions. Cathie Wood, CEO of Ark Invest, has reduced her bullish price forecast on Bitcoin BTC $101 638 24h volatility: 2.5% Market cap: $2.03 T Vol. 24h: $62.01 B from $1.5 million to $1.2 million per coin. The five-year price prediction…
This content is provided by a sponsor. PRESS RELEASE. Concordium and Bitcoin.com have joined forces to bring age-verified, identity-anchored payments to millions of users globally. Concordium’s identity-first blockchain and native stablecoins will become accessible to Bitcoin.com’s multichain ecosystem, which includes top networks like Ethereum, Polygon, and BNB Smart Chain. The integration, which is currently in […] Original
While Coinbase insists that the US Treasury cannot override Congress’s intent on the GENIUS Act, banks continue to press for a blanket ban on stablecoin interest. The US Department of the Treasury is facing conflicting feedback from crypto companies and traditional banking groups over how to implement the GENIUS Act, the law that regulates stablecoin payments in the US. In a letter on Tuesday, Coinbase urged the Treasury to limit the ban on stablecoin interest payments exclusively to stablecoin issuers, while allowing it for non-issuers, such as crypto exchanges. Coinbase…
The UK’s top bank says it will roll out stablecoin rules “just as quickly as the US” amid concerns that it’s lagging behind global allies. Bank of England Deputy Governor Sarah Breeden expects the government to keep pace with the US in stablecoin regulation, stating that it is “really important” for the allies to be synchronized on rules governing the $310 billion industry. Speaking at the SALT conference in London on Wednesday, Breeden reportedly said the UK will implement a stablecoin regulatory framework “just as quickly as the US” —…
Key Notes WebBank becomes first regulated US bank to settle conventional card payments via stablecoin on public blockchain infrastructure. RLUSD stablecoin reaches $1 billion circulation milestone under New York financial regulator oversight since late 2024 launch. Ripple secures $500 million funding at $40 billion valuation while expanding institutional services through Prime brokerage platform. Mastercard, Ripple, Gemini, and WebBank announced a collaboration to explore using Ripple’s RLUSD stablecoin for settling fiat credit card transactions. The partnership was revealed on Nov. 5 at the Ripple Swell 2025 conference in New York. The…
Richard Teng, CEO of the global cryptocurrency exchange Binance, has reportedly denied allegations that the company played a role in selecting a stablecoin issued by a Trump family-backed crypto business as part of a multibillion-dollar deal. According to a Tuesday CNBC report, Teng said Binance “didn’t partake” in the decision to use USD1, the stablecoin launched by the Trump family’s World Liberty Financial business, for a $2 billion deal with an Abu Dhabi-based company, MGX. The Binance CEO spoke amid scrutiny from many lawmakers after US President Donald Trump issued…
Key Notes The stablecoin maintains a 103% reserve buffer with holdings in US Treasury bills and FDIC-insured bank deposits under NYDFS supervision. RLUSD operates on both Ethereum and XRP Ledger networks with 38,166 holders processing $5.05 billion in monthly transfers. Humanitarian organizations including World Central Kitchen now use RLUSD for cross-border aid payments alongside institutional prime brokerage services. Ripple‘s USD-pegged stablecoin RLUSD surpassed $1 billion in market capitalization in early November 2025, less than a year after its December 2024 launch. The stablecoin achieved the milestone through institutional adoption and…
Summary Ethereum price trades near $3,604, up 1.2% on the day amid renewed network activity. Stablecoin transfer volume on Ethereum just hit a record $2.82 trillion, signaling resurgent on-chain demand. Can this spike in utility fuel ETH’s next leg higher toward $4,000–$4,200? Ethereum (ETH) is holding firm around $3,604 as on-chain data shows the network processing a record $2.82 trillion in stablecoin volume this month. The surge underscores Ethereum’s dominant position as the settlement layer of choice for digital dollars, and could be a leading indicator of stronger demand for…
Coinbase Global Inc., the world’s third-largest cryptocurrency exchange, is continuing its stablecoin push, after key legislation in the United States sparked a renewed wave of corporate interest in blockchain-based payments. Coinbase exchange is reportedly in late-stage talks to acquire stablecoin infrastructure startup BVNK in a $2 billion deal, people familiar with the matter told news outlet Bloomberg, according to a Friday report. The $2 billion acquisition is expected to close later this year or in early 2026, pending due diligence from the exchange, according to the anonymous source. The stablecoin…