Stablecoin Market Surges as USDC Gains Ground
Stablecoin market cap surges 42% to nearly $300B this year, driven by the U.S. GENIUS Act; Circle’s $USDC gains share, while Tether’s dominance declines. #Update #Crypto $USDC
Stablecoin market cap surges 42% to nearly $300B this year, driven by the U.S. GENIUS Act; Circle’s $USDC gains share, while Tether’s dominance declines. #Update #Crypto $USDC
@SocieteGenerale’s SG-FORGE launches euro and dollar stablecoins, EURCV and USDCV, on DeFi platforms Morpho and Uniswap for 24/7 trading, enhancing liquidity with market maker Flowdesk. #Update #Crypto $EURCV $USDCV
@Wormhole co-founder Dan Reecer highlighted at Mercado Bitcoin’s DAC 2025 that Tether and Circle profit from high interest rates while stablecoin holders see no returns, raising competition concerns. #Update #Crypto $USDT
Emerging markets face risks to monetary sovereignty as cryptocurrency adoption rises, particularly with stablecoins, warns @Moody’s. Ownership surged to 562 million by 2024 amid inflation and limited banking access. #Update #Crypto $USDT
@SoftBank and @ArkInvest are in talks to invest in Tether, which aims to raise up to $20 billion, valuing the firm at $500 billion amid a booming stablecoin market. #Update #Crypto $USDT
The stablecoin market is projected to reach $4 trillion by 2030, with issuance rising to $280 billion, driven by blockchain adoption in commerce and corporate demand for bank tokens. #Update #Crypto $USDT
The U.S. Commodity Futures Trading Commission, led by acting chief Caroline Pham, is seeking industry input on using stablecoins as tokenized collateral in derivatives markets until October 20. #Update #Crypto $USDC
@SocieteGenerale-FORGE lists its USD CoinVertible ($USDCV) stablecoin on Bullish Europe, while U.S. access remains restricted pending regulatory clarity. #Update #Crypto $USDCV
@PayPal Ventures has invested in Stable to integrate PayPal USD $PYUSD$0.9996 into Stablechain, enhancing global payment efficiency. Investment size undisclosed. #Update #Crypto $PYUSD
@Plasma has launched Plasma One, a neobank for stablecoin users, offering zero-fee USDT transfers and card rewards, targeting financial inclusion in emerging markets ahead of its mainnet beta launch on Sept. 25. #Update #Crypto $USDT
$BTC trades at $114.5K, while $ETH is at $4400; both show slight downward trends amid institutional interest and macro sentiment. USDT remains dominant in Bolivia despite China’s push for de-dollarization. #Update #Crypto $BTC $ETH
@BrianArmstrong, CEO of @Coinbase, aims to create a financial “super app” integrating crypto with banking services, citing bipartisan regulatory momentum and Coinbase’s competitive edge in the market. #Update #Crypto $BTC
Stablecoin adoption is rising, with 13% of firms using them for cross-border payments post-GENIUS Act; 54% plan to adopt within a year, potentially facilitating $4.2T by 2030. #Update #Crypto $USDC
The $270 billion stablecoin sector remains under 8% of crypto’s market cap, with Tether launching USAT to meet U.S. regulations as competition intensifies against Circle’s USDC. #Update #Crypto $USDT $USDC