Treasury Secretary Scott Bessent positioned dollar-backed stablecoins as America’s answer to central bank digital currencies Wednesday, predicting a $2 trillion+ market by 2028 under the GENIUS Act framework.
France’s Societe Generale is set to launch “USD CoinVertible”, a dollar-pegged stablecoin deployed on Ethereum and Solana blockchains
Corporate interest in stablecoins has tripled since 2024, per a Coinbase report.
South Korea’s newly elected president, Lee Jae-myung, is pushing forward with his campaign pledge to authorize the issuance of domestic stablecoins, as his party introduces a new cryptocurrency bill.
Uber CEO Dara Khosrowshahi struck a cautiously optimistic tone about stablecoins at the Bloomberg Tech Summit, confirming serious evaluation but no immediate plans for implementation.
The crypto world’s quiet giant made a thunderous entrance to Wall Street yesterday as Circle, issuer of the USDC stablecoin, saw shares rocket 167% in their NYSE debut.
Circle Internet Group has adjusted its IPO terms yet again, now targeting $1.05 billion by pricing shares at $31—surpassing its prior $27-$28 range.
