Tag: stablecoin
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Bloomberg Intelligence Analyst Projects Bitcoin’s Potential Decline to $10,000 by 2026, Citing Stablecoin Dominance and Macroeconomic Headwinds
Bloomberg Intelligence senior commodity strategist Mike McGlone has presented a stark forecast for Bitcoin (BTC), suggesting the flagship cryptocurrency could see a significant retracement, potentially falling to $10,000 by 2026. This projection is underpinned byMcGlone’s analysis of evolving market dynamics, particularly the ascendant role of stablecoins and broader macroeconomic shifts that he believes are creating…
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Bybit Integrates Western Union’s USDPT Stablecoin, Paving Way for Enhanced Digital Dollar Access and Remittances in Latin America
Cryptocurrency exchange Bybit has announced the integration of Western Union’s USDPT stablecoin into its comprehensive fiat gateway services, marking a pivotal moment for stablecoin adoption, particularly within Latin America. This collaboration signifies the inaugural instance of Western Union’s digital currency appearing on a prominent global crypto trading platform, effectively bridging established regulated stablecoin infrastructure with…
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Navigating the GENIUS Act: A New Era of Federal Oversight for the US Stablecoin Market and the Banking Sector
The enactment of the Global Engineering and National Information Underpinning Security (GENIUS) Act in July 2025 marked a definitive turning point in the intersection of traditional finance and digital assets. Under this sweeping federal framework, the status of every stablecoin interacting with the United States banking system is now binary: an asset is either permitted…
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Elliptic Extends Full Compliance and Risk Management Coverage to Kaia Blockchain to Support Regulated Stablecoin Adoption Across Asia
The global landscape of digital asset compliance reached a significant milestone today as Elliptic, the leading provider of crypto-asset risk management solutions, announced the integration of full blockchain coverage for Kaia. This development, announced in Singapore on March 20, 2026, positions Kaia—an Ethereum Virtual Machine (EVM) compatible Layer-1 network—as a central pillar for regulated stablecoin…
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Mastercard Adds Stablecoin Settlement to Its Global Network, USDC, PYUSD, RLUSD and More Now Live
Revolutionizing Settlement Mechanics: A Paradigm Shift For decades, the mechanics of card settlement have remained largely unchanged. While consumer transactions are authorized instantaneously at the point of sale, the actual transfer of funds between the issuing bank and the acquiring bank typically occurs in batches. These batches are processed during conventional banking hours, creating inherent…
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Cash App Enables Stablecoin Payments, Ushering in New Era of Digital Currency Adoption
Cash App, a leading consumer finance platform operated by Jack Dorsey’s fintech giant Block, has officially entered the stablecoin arena, marking a significant milestone in the mainstream adoption of digital currencies. As of May 27th, the company began rolling out the functionality to send and receive USD Coin (USDC), a stablecoin pegged 1:1 to the…
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Tether and Government of Georgia to Launch GEL₮ Stablecoin in Landmark Digital Asset Partnership
Tether, the world’s largest stablecoin issuer, has officially announced a strategic collaboration with the Government of Georgia to develop and launch GEL₮, a digital stablecoin pegged to the Georgian Lari. This initiative represents one of the most significant efforts to date by a sovereign nation to integrate its national currency directly into digital asset infrastructure…
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Tron Surpasses Solana in Daily Active Users Driven by Stablecoin Dominance
Tron has surged past Solana to become the leading blockchain network in terms of daily active users (DAU), a remarkable feat driven not by the volatile tides of decentralized finance (DeFi) speculation or the fleeting frenzy of non-fungible tokens (NFTs), but by the consistent and powerful engine of stablecoins, primarily Tether (USDT). This shift in…
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Ripple’s RLUSD Stablecoin Makes Strategic Entry into Turkey via Key Local Exchanges and Academic Partnership
Blockchain payments company Ripple has officially launched its dollar-pegged stablecoin, RLUSD, in the Turkish market, establishing partnerships with three prominent local cryptocurrency exchanges: BiLira, Bitexen, and Bitlo. This strategic expansion marks a significant milestone for RLUSD, which has rapidly surpassed a $1.7 billion market capitalization since its inception less than a year ago, underscoring Ripple’s…
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Tether Enlists Big Four Accounting Firm for Historic Independent Audit of Global Stablecoin Reserves and Operations
Tether, the issuer of the world’s most widely used stablecoin, USDT, has officially announced the engagement of a Big Four accounting firm to conduct a comprehensive and independent financial audit of its operations and reserves. This move marks a significant milestone for the company and the broader digital asset industry, as Tether seeks to solidify…
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