Tag: Stablecoin

5 Best Upcoming Meme Coins to Buy as US Could Introduce ‘GENIUS’ Stablecoin Bill

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After a somewhat difficult start to the week, stablecoins, meme coins, and the crypto market in general saw a glimmer of light yesterday, with the introduction of the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act. Introduced by US senator Bill Hagerty, the bill aims to establish a regulatory framework for stablecoins. If passed into legislation, Tether ($USDT), USD Coin ($USDC), and other stable coins with market caps above the $10B mark would need to adhere to US Federal Reserve regulations. Meanwhile, stablecoins with market caps below the…

5 Altcoins That Could Explode After Stablecoin Volume Surges $200B

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Este artículo también está disponible en español. After expanding by nearly $40B since Donald Trump’s victory in the US election, the stablecoin market has now soared past the $200B mark as far as market capitalization is concerned. One of the biggest reasons behind this terrific growth has been the increased use of bots, especially on Solana. It’s worth noting that stablecoins are an integral part of the crypto economy, seeing as they simplify switching between different crypto assets. A growth in stablecoin’s liquidity means more and more people are being…

Trump Effect? Solana Stablecoin Supply Jumps 73% Since Mid-January

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They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer…

Stablecoin Liquidity Hits Record Highs, Signaling Potential Crypto Rally: Cryptoquant 

The cryptocurrency market appears primed for an extended rally as stablecoin liquidity reaches unprecedented levels, fueled by the rapid expansion of tether (USDT) and Circle’s USDC, according to an end-of-the-month analysis from blockchain analytics firm Cryptoquant. Cryptoquant Report Examines Stablecoin Growth and Market Implications Cryptoquant analysts disclosed that the total market capitalization of USD-pegged stablecoins […] Source CryptoX Portal

Stablecoin market cap jumps $37b, hits record high since Trump’s victory

The market capitalization of stablecoins has jumped by $37.6 billion since U.S. president Donald Trump’s electoral victory in November. A new report from on-chain analytics provider CryptoQuant has revealed that the total value of USD-denominated stablecoins in circulation has jumped to a new record high since the announcement on Nov. 6. The report, which tracks the total market cap of Tether (USDT), USD Coin, Binance USD, True USD, Pax Dollar, and DAI, reveals that they have collectively hit $204 billion, representing a 22 percent rise in value in the 86…

Stablecoin Market Surges Past $200B, Boosting Crypto Market Optimism

The market capitalization of stablecoins just pierced $200 billion, reaching a record height in a sign the crypto market may be poised for further growth, according to CryptoQuant. Stablecoins are digital tokens whose value is tied another asset, typically the U.S. dollar, to provide, as the name suggests, a stable price. They are used by traders to maintain the value of their investments as the switch between assets. According to CryptoQuant data, the stablecoin market has grown by $37 billion since early November, when President Donald Trump won the U.S.…

Tether Brings Its $140B USDT Stablecoin to Bitcoin and Lightning Networks

San Salvador — Tether, the crypto company behind the largest stablecoin, is introducing its $140 billion USDT token to Bitcoin — the blockchain that underpins the largest and oldest cryptocurrency — and Bitcoin-based scaling service Lightning Network, the company posted on X on Thursday. Stablecoins are a $200 billion digital asset class with their prices anchored to an external asset, predominantly the U.S. dollar. They serve as a bridge between government-issued money and blockchain-based digital assets, and are increasingly popular for everyday uses like payments, savings and remittances, especially in…

PayPal’s PYUSD stablecoin joins Cardano’s ecosystem

PayPal USD stablecoin expands to the Cardano ecosystem via a new cross-chain bridge by Wanchain. PayPal USD (PYUSD), a stablecoin issued on Solana and Ethereum chains, can now be accessible on Cardano (ADA) through Wanchain’s interoperability solution, according to a press release Wanchain shared with crypto.news. Wanchain chief executive Temujin Louie says the bridge will give users “more options, increased flexibility and control” while transferring assets across different chains. Cardano’s decentralized finance ecosystem with nearly $447 million in total value locked per data from DefiLlama, will open doors for “greater…

Stablecoin inflows to exchanges could push Bitcoin price to ATH

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Bitcoin price resumed its bullish trend and neared its all-time high of $108,200 ahead of Donald Trump’s inauguration and after the encouraging U.S. inflation data. Bitcoin (BTC) rose to a high of $105,847, its highest level since Dec. 18, and significantly higher than this week’s low of $82,055. Crypto investors are likely cheering the upcoming Trump inauguration and the potential regulatory changes that could follow. Trump has pledged to be a crypto-friendly president and seeks to make the U.S. the crypto capital of the world. While the U.S. already mines…

Report: Stablecoin Powerhouse Tether Dives Into AI Filmmaking

Bloomberg’s Suvashree Ghosh reports that Tether, the leading issuer of stablecoins, is embarking on a bold foray into artificial intelligence (AI) filmmaking, signaling an ambitious innovation agenda. Tether Boss Discusses Bold Step Into AI Filmmaking Renowned for its commanding role in the stablecoin sphere, Tether manages roughly $137 billion USDT in circulation. The company has […] Source CryptoX Portal