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.
European central banks, including the ECB, want to remove MiCA's rule requiring stablecoin issuers to hold large bank deposits, citing risks if many customers withdraw funds simultaneously. This aligns with past concerns raised by Tether's CEO about ...
Tether's CEO Paolo Ardoino revealed the company refused to seek EU MiCA authorization because the regulation requires major stablecoin issuers to hold at least 60% of their reserves in commercial bank deposits. Ardoino argues this concentration incre...
The European Central Bank and EU national central banks recommend changing MiCA's fixed 30% and 60% bank deposit reserve requirements for stablecoins to liquidity-based rules focused on asset maturity. They warn that current rules could cause stress ...
Anchorage Digital has chosen LayerZero as its preferred partner to provide interoperability for stablecoins issued through its federally chartered bank. The first token to use LayerZero's Omnichain Fungible Token (OFT) standard is Tether's USAT, enab...
In Venezuela, scammers are exploiting the widespread use of USDT stablecoins by sending fake USDT tokens with zero value to merchants during checkout. These counterfeit tokens mimic real USDT contracts and appear valid in self-custody wallets, tricki...
