Visa reported a record $1.79 trillion in adjusted stablecoin transaction volume for June, surpassing the previous high from February. USDC dominated with 67% of the volume, mainly on Solana and Coinbase's Base network, reflecting growing adoption and preference for low-cost, fast transactions. The 63% month-over-month and 125% year-over-year growth highlight accelerating stablecoin use. Visa's data, filtering out non-organic activity, shows stablecoins are becoming a significant part of digital payments, with a 12-month cumulative volume of $10.2 trillion and a market cap over $322 billion.
Houthi rebels attacked two Saudi oil tankers in the Red Sea, the first such strikes since 2019, causing Brent crude oil prices to surge over 7% and surpass $100 per barrel. This escalation follows the collapse of a truce between the Houthis and Saudi...
Tether, the largest stablecoin issuer, faces a $2.9 billion annual fee drain to blockchains it doesn't control, mainly Ethereum and Tron. To reclaim these fees, Tether supports two competing USDT blockchains: Plasma, a DeFi-focused chain with a nativ...
The US federal debt exceeds $39 trillion, but foreign ownership of US Treasuries has dropped from nearly 49% in 2011-2012 to about 30-32% today. Traditional foreign buyers like China are reducing their holdings, while domestic investors and the Feder...
Mubadala Capital, Abu Dhabi's sovereign-linked investment arm, launched a $75 million tokenized version of its Alternative Solutions Fund across three blockchains: Coinbase’s Base, Solana, and Sui. This move makes private market investments more acce...
The Verus-Ethereum Bridge suffered a second security breach in just over two months, with attackers stealing between $7.3 million and $7.5 million in various digital assets. This follows a similar exploit in May that resulted in losses of about $11.6...
