Tags: stablecoins

CRCL stock has jumped 800% since its June IPO, nearing Coinbase’s $78B market cap; after-hours trading pushed it above $270 per share.

TRM Labs reports illicit crypto activity at just 0.4% of total volume in 2024, with Tron and USDT under tighter control.

Tether said the seizure aligns with its mission to promote transparency and safety, noting it has frozen over $2.7 billion in USDT tied to suspicious activity.

While USDT and USDC continue to dominate the space, more than 10 stablecoins now have over $100 million in circulation.

Despite offloading $44.76M in Circle shares, ARK Invest still ranks the company among the top holdings in its main ETFs.

Stablecoin market cap has grown 17% year-to-date, increasing by $33 billion to a record $228 billion, with USDT and USDC driving the growth.

Fiat-pegged assets or stablecoins are the future of money, according to a recent report by American crypto exchange Coinbase. 

Stablecoin payments would allow nearly instant settlements compared to the days-long wait for traditional card payments.

The letter urges Meta to explain how new stablecoin efforts differ from Libra and disclose any crypto industry partnerships or lobbying.

The USD-pegged USDCV follows the euro-based EURCV, expanding SG-FORGE’s regulated stablecoin offerings for institutional and retail investors.

Santiment believes that Plasma’s sale is a marker of maturity in crypto, contrasting today’s investors with the hype-chasers of previous cycles.