Europe’s largest asset manager is sounding alarms as U.S.-regulated stablecoins surge, threatening to erode dollar dominance and destabilize global money flows at massive scale. US Dollar’s Global Role Challenged by Surge in Regulated Stablecoins A sweeping shift in global financial dynamics could be triggered by the U.S. push to regulate dollar-backed stablecoins, prompting fears of […] Source CryptoX Portal
Although bitcoin has seen its fair share of price swings this week, the stablecoin market has quietly ballooned by $2.114 billion—edging ever closer to the $260 billion milestone. USDT Leads the Charge as Stablecoins Creep Toward $260B Summit Over the last seven days, the stablecoin market has climbed 0.84%, ticking up from $253.25 billion to […] Source CryptoX Portal
Solana declined 3.36% over the past 24 hours, retreating from $155.69 to $150.81, according to CoinDesk Research’s technical analysis model, amid broader market pressures, even as institutional developments in Asia signal growing momentum for the blockchain, One of Japan’s most digitally progressive banks has launched a new initiative that could expand real-world applications for Solana’s infrastructure. Minna Bank, a digital-native bank and a subsidiary of Fukuoka Financial Group, announced a new research collaboration with Fireblocks, Solana, and TIS to evaluate how stablecoins and Web3 wallets can reshape consumer finance in…
New York Attorney General Letitia James is warning that dangerously flawed stablecoin bills could expose U.S. financial markets to chaos by lacking critical guardrails and enforcement. Weak Stablecoin Bills Risk Undermining US Financial Stability, James Warns New York Attorney General Letitia James has raised concerns that proposed federal legislation on stablecoins lacks the safeguards needed […] Source CryptoX Portal
Key Notes Tron network recorded over $3 billion in stablecoin inflows within just 30 days, indicating strong institutional interest. Technical indicators including Bollinger Bands and MACD signal continued upward momentum toward the $0.30 resistance level. Seven green candles in ten trading sessions demonstrate sustained accumulation despite Bitcoin’s failure to maintain new highs. Tron TRX $0.29 24h volatility: 1.1% Market cap: $27.22 B Vol. 24h: $589.12 M price rose to $0.29 on Thursday, July 3, tracking crypto inflows as Bitcoin BTC $109 746 24h volatility: 0.4% Market cap: $2.18 T Vol.…
Peter Märkl, general counsel at Swiss crypto exchange Bitcoin Suisse, said the European Union and Switzerland still lack clarity in their respective stablecoin regulatory frameworks. Märkl told Cointelegraph on the sidelines of the German Blockchain Week that “there’s a lot to be done” when it comes to the classification and the rules applying to stablecoins under the EU’s Markets in Crypto-Assets Regulation (MiCA) framework. He said MiCA provides “a comprehensive, harmonized regulatory framework” for stablecoin issuance, offering and custody. However, “due to the rapidly evolving nature of crypto-assets and their…
USDC, the second-largest stablecoin by market capitalization, has been losing market share against its main rival, Tether’s USDt, on the major payment platform BitPay in 2025. After dominating stablecoin transactions on BitPay in 2024, Circle’s USDC (USDC) saw its transaction share plummet against Tether’s USDt (USDT), according to BitPay data shared with Cointelegraph. In January 2024, USDC’s transaction share on BitPay accounted for 85%, compared with USDT’s 13%. By May 2025, USDC’s share had dropped to 56%, while USDT’s had increased to 43%. The change in dynamics came despite the…
Banca Sella, an Italian banking group known for tech experiments, has begun an internal trial that lets a handful of employees hold crypto, including stablecoins, through custody software from Fireblocks. The trial runs until the end of the summer, after which executives will decide whether to open the vault to the group’s 1.4 million customers who keep more than €66 billion ($77.5 billion) under custody, Bloomberg reports. Sella’s test covers custody only. Trading in bitcoin or other volatile tokens is not on its roadmap, according to the story. Europe’s clearer…
On July 1, 2025, Paxos officially launched the Global Dollar (USDG), a fully regulated USD-backed stablecoin, in the European Union (EU). Compliant with the EU’s Markets in Crypto-Assets (MiCA) regulation and overseen by the Finnish Financial Supervisory Authority and the Monetary Authority of Singapore, USDG is designed to meet the increasing demand for stablecoins in […] Source CryptoX Portal
Key Notes Powell described stablecoins as positive financial innovation requiring clear regulatory oversight and integration rules. Circle’s trust charter application would enable direct USDC reserve management and tokenized asset custody services. Legislative momentum builds with GENIUS Act potentially arriving mid-July to link stablecoins with Treasury securities. Federal Reserve Chair Jerome Powell stated on July 1 that the United States is “well on the way” to developing a regulatory framework for stablecoins, calling the asset class a “positive step” for the financial system. He emphasized the need for clear, consistent rules…