Tag: Stablecoin

Tron (TRX) Surges 4.2% as Stablecoin Demand Spikes to $82.7B

Key Notes TRX outperformed major altcoins with a 4.2% gain while SUI and AVAX lost momentum from previous week’s rallies. TRC-20 stablecoin supply jumped from $81.7B to $82.7B as traders sought safety amid market uncertainty on Tuesday. Federal Reserve meeting uncertainty and Trump’s criticism of Powell created flight-to-safety conditions favoring Tron’s dominance. Tron TRX $0.33 24h volatility: 4.0% Market cap: $31.64 B Vol. 24h: $3.24 B price rose 4.2% intraday on July 29, climbing to $0.33. The surge diverges from the correction seen across top altcoin markets, including Sui SUI…

Conflux (CFX) Price Explodes 28% as AxCNH Yuan Stablecoin Pilot Approaches

Key Notes CFX partners with AnchorX and Eastcompeace to launch AxCNH stablecoin for China’s Belt and Road Initiative cross-border payments. Technical analysis shows Bollinger Band breakout with potential targets at $0.30 and $0.34 if support holds above $0.17-$0.18. Trading volume surged 128% intraday as Chinese policy shifts favor regulated private stablecoins over state-controlled CBDCs. Conflux CFX $0.21 24h volatility: 10.6% Market cap: $1.06 B Vol. 24h: $925.45 M emerged among the few altcoins trading in green on Tuesday, posting a 28% rally, pushing its price to around $0.2439 amid fresh…

JD.com Registers ‘Jcoin’ as HK Stablecoin Regime Nears

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China-based e-commerce giant JD.com has reportedly registered entities tied to a potential stablecoin rollout just days ahead of Hong Kong’s new stablecoin regulations going into effect. JD.com, often referred to as China’s Amazon, has registered two potential stablecoin-linked entities, Jcoin and Joycoin, through its fintech subsidiary, JD Coinlink Technology, according to a report by Hong Kong news outlet Ming Pao on Tuesday. JD Coinlink is one of the official participants in the stablecoin issuer sandbox program by the Hong Kong Monetary Authority (HKMA), which launched last year. JD stablecoin description…

Stablecoin Searches Hit All-Time High As Market Grows to $272B

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Google search data shows interest in stablecoins surged to an all-time high this month as regulations were greenlit, stablecoin issuance and supply skyrocketed, and institutions increasingly look to launch their own tokenized fiat equivalents.  The previous peak for stablecoin searches was in May 2022, just after the depeg of the Terra (USTC) algorithmic stablecoin and the collapse of the Luna ecosystem. More recent data shows search interest surged in mid-June and then again in mid-July following the passing of the Guiding and Empowering Nation’s Innovation for US Stablecoins (GENIUS) Act…

Crypto On Deck? Interactive Brokers Explores Stablecoin Launch

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Trading company Interactive Brokers is planning to expand its crypto footprint with services that could include a proprietary stablecoin. The move, reported by Reuters on Monday, would allow traders to fund brokerage accounts using the company’s fiat-pegged cryptocurrency. Interactive is also exploring adding support for asset transfers for commonly traded cryptocurrencies. Interactive Brokers is a brokerage firm that provides trading and investment services across global markets. The company recently reported over 3.8 million active accounts at the end of the second quarter of 2025, a 32% increase from a year ago.…

Tokenized Money Market Funds May Counter Stablecoin Threat, According to JPMorgan

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The tokenization of money market funds marks a significant step in preserving the appeal of “cash as an asset,” especially as the growing adoption of stablecoins threatens to erode the attractiveness of traditional fund offerings, according to JPMorgan strategist Teresa Ho. Commenting on recent initiatives by Goldman Sachs and Bank of New York Mellon to tokenize shares of money market funds, Ho noted that such services will help maintain the competitiveness of these funds while unlocking new use cases, such as margin collateral. This development is particularly timely given the…

Nigerian Regulator Welcome Stablecoin Startups

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Nigeria’s Securities and Exchange Commission (SEC) Director-General Emomotimi Agama said the country was open to stablecoin businesses that comply with local regulations. According to a Thursday report by English-language local news outlet, The Cable, Agama said stablecoin companies that complied with local regulations were welcome in Nigeria. “Nigeria is open for stablecoin business, but on terms that protect our markets and empower Nigerians,” he said. “We have onboarded some firms focused on stablecoin applications, all while ensuring compliance with core risk management principles,” Agama said, adding that those companies were…

OSL Raises $300M to Fuel Crypto Growth, Stablecoin Push

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Digital asset platform OSL Group has secured $300 million in equity financing, marking the largest publicly disclosed equity raise in Asia’s crypto sector to date. On Friday, the company announced that it will deploy the funds in three growth areas: acquisitions, global business initiatives like payments and stablecoin infrastructure and boosting its working capital. The raise is part of OSL’s broader strategy to expand its international presence. OSL described the raise as a “milestone” for the company that signals market recognition of its long-term trajectory and crypto business model. “This…

Crypto Exchange OSL Group Raises $300M Ahead of Hong Kong’s Stablecoin Regulation Plan

Hong Kong-based cryptocurrency exchange OSL Group has raised $300 million in an equity sale. OSL, which was the first exchange to win a license from the Hong Kong Monetary Authority (HKMA), said it will use the new capital to develop new business initiatives, such as building payment and stablecoin services. Hong Kong will start allowing stablecoin issuance under a new regulatory regime taking effect at the start of August. It is in the process of unveiling a range of policies for the regulation…