Tag: Stablecoin

Coinbase Outpaces S&P 500 With 43% June Rise as Stablecoin Narrative Grows: CNBC

Shares of Nasdaq-listed cryptocurrency exchange Coinbase (COIN) rose 43% this month, making the firm the top performer in the S&P 500 since it joined the index at the end of last month. June’s run is already the stock’s best since November and caps three straight monthly gains. Coinbase’s shares reached their highest level since their public debut. COIN hit a $382 high this week before enduring a slight correction, ending the week at $353 and seeing a slight 0.7% drop in after-hours trading to $351. The wider S&P 500 index…

Stablecoin Skepticism Grows As IMF Official Challenges Their Money Role

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According to a recent analytics, stablecoins handled 35 trillion in on-chain transaction volume over the past year, with their average supply hovering around 195 billion. Those numbers show how much these tokens fuel trades, loans and cross-border transfers. Yet questions about whether they really count as “money” are now front and center. Stablecoin On-Chain Traffic Based on reports, stablecoins have become the workhorses of crypto trading. Volume hit 35 trillion in the last 12 months. At the same time, their circulating supply stayed at 194.6 billion. That steady supply suggests…

🚨HUGE XRP NEWS! COINBASE XRP DEFI & ETF GOES LIVE! TRUMP READY TO SIGN CRYPTO & STABLECOIN BILLS!

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Crypto News: XRP ETF goes live on Toronto Stock Exchange. Coinbase adds XRP DeFi via Base and Moonwell. Trump posts about stablecoin bill passing in Senate and that he is ready to sign. Show Sponsor – ✅ VeChain is a versatile enterprise-grade L1 smart contract platform 💡Get the (Re)Thinking Crypto Book on Amazon – 🖥️ Learn Crypto with Expert Commentary – Sponsors: 🌟Uphold – Signup with Uphold. Terms Apply. Cryptoassets are highly volatile. Your capital is at risk. 🏠 Propy (PRO) is…

The Silent Rise of USD1: Is World Liberty Financial’s Stablecoin the Next Big Player in Crypto?

World Liberty Financial (WLFI), a Trump family-backed DeFi platform, has partnered with Re7 Labs to launch a vault for its USD1 stablecoin on Binance’s BNB Chain. How a Simple Vault Could Unlock Billions in Crypto Liquidity The collaboration, announced on June 27, will deploy USD1 on Euler and Lista, decentralized lending and trading protocols. This […] Source CryptoX Portal

Corporations Accelerate Bitcoin Treasuries as Stablecoin Adoption Surges

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The race to accumulate Bitcoin (BTC) is accelerating as corporations increasingly view the digital asset as a valuable addition to their balance sheets. Beyond publicly traded firms, private companies are joining the movement, including a Norwegian deep-sea mining company planning to acquire $1.2 billion worth of BTC. This week also marked the official unveiling of a new venture by crypto entrepreneur Anthony Pompliano, aimed at building a billion-dollar Bitcoin treasury. As Bitcoin accumulation intensifies, stablecoins are emerging as a key driver of crypto adoption. The United States is edging closer…

GENIUS Act reopens the door for a Meta stablecoin, but will it work?

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The GENIUS Act will enable tech companies to issue stablecoins that functionally blur the boundary between public and private money. But Winston Ma, adjunct law professor at New York University, argues that private stablecoins cannot function as true currency without sovereign enforcement. Yuriy Brisov, a lawyer at Digital & Analogue Partners, contends that privately issued currencies can serve as legitimate alternatives to traditional monetary systems. US President Donald Trump wants to sign the stablecoin rule as soon as possible. (Donald Trump) To understand the legal implications of the GENIUS Act…

How to Understand a Stablecoin Attestation Report (Step-by-Step Guide)

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Key takeaways Stablecoin attestation reports provide third-party verification that each token is backed by real-world assets like cash and US Treasurys. Attestation ≠ audit: Attestations are point-in-time checks, not deep financial audits, so users should still perform broader due diligence. Not all tokens are redeemable. Time-locked, test or frozen tokens are excluded from reserve calculations to reflect only actively circulating coins. USDC sets an industry benchmark with regular third-party attestations, transparent reserve reporting and compliance with MiCA regulations. Stablecoins play a crucial role in the digital asset ecosystem, bridging traditional…

South Korean Banks Plan Won-Pegged Stablecoin by 2026

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Eight major South Korean banks will team up to launch a stablecoin pegged to the country’s won currency, marking a significant step toward digital asset adoption.  According to an Econovill report, the project involves institutions including KB Kookmin, Shinhan, Woori, Nonghyup, Corporate, Suhyup, Citi Korea and SC First Bank. The collaboration aims to combat increased dollar dominance due to the rise of dollar-pegged stablecoins.  Data from the real-world asset (RWA) tokenization tracker RWA.xyz shows that stablecoins have a market capitalization of over $239 billion. The data also shows that 99%…

Russia and Stablecoin Use: Ruble-Pegged A7A5 Moved $9B on One Crypto Exchange

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When the success of Circle’s public listing made headlines on Wall Street, a lesser-known ruble-pegged stablecoin—launched by a fugitive Moldovan oligarch and a Russian defence-sector bank—was being used for real-world cross-border payments to bypass sanctions on Russia. A7A5, said to be the first ruble-pegged stablecoin, has moved around $9.3 billion on a dedicated crypto exchange in just four months since its launch, according to a Financial Times report. There are now 12 billion A7A5 tokens in circulation, worth around $156 million. However, only a “relatively small group of users” actively…

Stablecoin Market Cap Soars | Bloomberg Crypto 6/3/2025

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io “Bloomberg Crypto” covers the people, transactions, and technology shaping the world of decentralized finance. On the show today, (R) Wyoming Sen. Cynthia Lummis and Fireblocks Co-Founder and CEO Michael Shaulov. Chapters: 00:00:00 – Bloomberg Crypto Begins 00:01:41 – Sen. Lummis on Stablecoin Bill 00:05:30 – Sen. Lummis on Strategic Bitcoin Reserve 00:11:00 – Sen. Lummis on Assets Outside Strategic Reserve 00:16:06 – Fireblocks CEO Banks Catching Up With Stablecoin Market 00:17:16 – Fireblocks CEO on likeliness of US Gov. Stepping In on…