Tag: Stablecoin

Congress on track for stablecoin, market structure bills by August: Blockchain Association

United States lawmakers are on track to pass legislation setting rules for stablecoins and cryptocurrency market structure by as soon as August, Kristin Smith, CEO of industry advocacy group the Blockchain Association, said during Blockworks’ 2025 Digital Asset Summit in New York. Smith’s timeline echoes a similar forecast by Bo Hines, the executive director of the President’s Council of Advisers on Digital Assets, who said on March 18 that he expects to see comprehensive stablecoin legislation in the coming months.  “I think we’re close to being able to get those…

Stablecoin users grew 53% in one year: Report

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A joint report by onchain analysis platforms Artemis and Dune showed that active stablecoin wallets increased by over 50% in one year.  The report, titled “The State of Stablecoins 2025:  Supply, Adoption & Market Trends,” showed that from February 2024 to February 2025, active addresses increased from 19.6 million to 30 million. This represents a 53% increase year-on-year.  The onchain analysis platforms said this expansion suggests wider user engagement. The report added that in 2024, stablecoins have emerged as a bridge between traditional finance and crypto, becoming a critical component…

Stablecoin bill could be signed into law within two months

Bo Hines, executive director of the Presidential Working Group on Digital Assets, is confident that stablecoin legislation could be on President Donald Trump’s desk within two months. Hines shared this view at the Blockworks Digital Asset Summit 2025 in New York, where he spoke alongside Kyle Samani, managing partner at Multicoin Capital. The news was first reported by Eleanor Terrett, journalist and host of the Crypto America podcast, via X. 🚨NEW: Executive Director of the Presidential Working Group on Digital Assets @BoHines says stablecoin legislation can be on @realDonaldTrump’s desk…

US stablecoin bill likely in ‘next 2 months’ — Trump’s crypto council head

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Bo Hines, the executive director of the President’s Council of Advisers on Digital Assets, said comprehensive stablecoin legislation is expected to be finalized in the coming months, underscoring the government’s urgency to maintain the US dollar’s dominance in onchain activity.  Speaking at the Digital Asset Summit in New York on March 18, Hines said stablecoin legislation is “imminent” following the Senate Banking Committee’s approval of the GENIUS Act last week.  The GENIUS Act, which is an acronym for Guiding and Establishing National Innovation for US Stablecoins, establishes collateralization guidelines for…

Rising $219B stablecoin supply signals mid-bull cycle, not market top

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The current crypto market correction is merely the middle of the bull cycle, not the top, based on the steadily growing stablecoin supply, which may signal more incoming investment according to analysts. The cumulative stablecoin supply has surpassed $219 billion, suggesting that the current cycle is still far from its top. Source: IntoTheBlock Historically, stablecoin supply peaks have aligned with crypto cycle tops, according to a March 14 X post by crypto intelligence platform IntoTheBlock, which wrote: “In April 2022, supply hit $187B—just as the bear market started. Now it’s…

Growth in Bitcoin and stablecoin adoption could accelerate dedollarization

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The US dollar has long reigned as the world’s primary reserve currency and the default choice for global trade and international transactions. But its dominance is now facing growing scrutiny as shifting geopolitical and economic forces—and concerns over the potential weaponization of the greenback—push more countries to accelerate efforts to loosen their dependence on the dollar. By almost every measure, the US dollar’s command of the global economy is staggering. Although the country accounts for roughly 25% of global GDP, its currency reigns over nearly  60% of global foreign exchange…

Bitso Cryptocurrency Latam Report: Stablecoin Adoption Rises, Bitcoin Popularity Dwindles

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The latest Bitso Crypto Landscape in Latam report indicates that the region is still fertile ground for cryptocurrency markets. The stablecoin market grew, accounting for almost 40% of all purchases, while bitcoin purchases diminished to 22%. Bitso Report Shows Stablecoins Remain Strong in Latam Bitso, one of the largest cryptocurrency exchanges operating in Latin America, […] Original

Moonpay Acquires Iron to Strengthen Enterprise Stablecoin Payment Solutions

In a strategic move to enhance its enterprise payment solutions, crypto payments company Moonpay has acquired Iron, a startup specializing in stablecoin infrastructure, for at least $100 million. This acquisition, announced on March 13, 2025, marks Moonpay’s second significant purchase this year, following its acquisition of Helio in January. With Iron’s API-driven technology, Moonpay aims […] Source CryptoX Portal

MoonPay acquires API stablecoin infrastructure platform Iron

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Cryptocurrency payments company MoonPay is expanding its presence in the enterprise stablecoin market with the acquisition of Iron, an API-focused stablecoin infrastructure developer, for an undisclosed amount.  According to a March 13 announcement, the acquisition will give MoonPay’s enterprise customers the ability to accept stablecoin payments instantly and at a low cost. Iron’s integration also means companies can manage their stablecoin treasuries in real time and use the funds to acquire yield-bearing assets like US Treasury bonds.  Source: MoonPay “With Iron’s technology, we’re putting the power of instant, programmable payments…

Crypto trader gets sandwich attacked in stablecoin swap, loses $215K

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A crypto trader fell victim to a sandwich attack while making a $220,764 stablecoin transfer on March 12 — losing almost 98% of its value to a Maximum Extractable Value (MEV) bot. $220,764 worth of the USD Coin (USDC) stablecoin was swapped to $5,271 of Tether (USDT) in eight seconds as the MEV bot successfully front-ran the transaction, banking over $215,500. Data from Ethereum block explorer shows the MEV attack occurred on decentralized exchange Uniswap v3’s USDC-USDT liquidity pool, where $19.8 million worth of value is locked. Details of the…