Stablecoins are set to shift from the periphery to the mainstream in the world of crypto, says a new report from the Citi Institute. The report forecasts that the total stablecoin market cap could reach $1.6 trillion by 2030 and possibly soar to $3.7 trillion if adoption accelerates. These crypto
Coinbase announced on April 24 that it has widened its partnership with PayPal to strengthen the impact of PayPal USD (PYUSD). The exchange has plans to strengthen the stablecoin infrastructure and accessibility. Coinbase has also committed to back effortless and no-cost conversions between PYUSD and USD. The partnership will permit
Stablecoins have become an undeniable part of the crypto industry by merging traditional finance with digital finance. The prevalence of their usage in traditional finance has called for regulatory scrutiny across various countries. Today, stablecoin regulation is on the front lines when it comes to regulating the broader crypto market.
PayPal is stepping forward in terms of its stablecoin development and adoption with a new announcement. It is planning to offer a 3.7% annual return on its PYUSD stablecoin balance to its users. The yield accumulates daily, and users will receive it on a monthly basis. Payment platform PayPal seems
Noble plans to develop its blockchain platform through “AppLayer” which functions as an Ethereum-compatible rollup. The new platform will allow developers to create complex financial instruments for stablecoins and real-world assets (RWAs). Noble continues its evolution as a specialized blockchain for stablecoin issuance through this significant announcement made since its
The SUI token is showing promising signs of a bullish reversal despite the broader cryptocurrency market experiencing a slight slowdown in momentum. Currently trading at $2.16 after a 2.60% intraday recovery, SUI appears poised for a potential breakout above key resistance levels that could ignite a more substantial rally in
The National Securities and Stock Market Commission of Ukraine (NSSMC) has announced a proposed framework for the taxation of cryptocurrencies. This new framework will impose a 23% tax on certain crypto transactions while strategically exempting crypto-to-crypto transactions and stablecoins. Released on April 8, 2025, the proposal comes as Ukrainian lawmakers
Cathie Wood’s ARK Invest has acquired Coinbase (COIN) shares worth $13.4 million across three of its ETFs. The move comes amid a broad market sell-off triggered by President Trump’s new tariff policies. Despite the turmoil, ARK doubled down on its long-term crypto strategy. According to ARK’s daily trade report for
Hong Kong will soon pass stablecoin legislation and establish licensing rules for over-the-counter (OTC) transactions and digital asset custody services. Financial Secretary Paul Chan announced the plans during the Hong Kong Web3 Festival on Monday, signaling the city’s ongoing push to refine its Web3 policy. The new legislative framework will
The US government is speeding up its process of regulating the crypto space. It’s only been a couple of days since the STABLE Act was passed to regulate stablecoins. Today, the SEC came up with another announcement, which is also a major reform to stablecoin regulation. The latest Bloomberg article
