Record $166B in Ethereum Stablecoins Could Be a Catalyst for ETH Price and DeFi Boom
A record $166 billion in stablecoin supply on Ethereum may be setting the stage for the network’s next major growth phase.
A record $166 billion in stablecoin supply on Ethereum may be setting the stage for the network’s next major growth phase.
In a bold move to capture market share in the dominant smart contract ecosystem, the Justin Sun-backed USDD stablecoin has launched natively on Ethereum.
The Federal Reserve is holding a conference next month to talk about the future of payments, and crypto is on the agenda.
ECB President Christine Lagarde is urging a preemptive crackdown on regulatory arbitrage in the stablecoin market.
Circle is on a tear. Two huge announcements today show USDC is becoming deeply embedded in global finance:
China is poised to make a dramatic U-turn on cryptocurrency policy by developing its own yuan-backed stablecoin.
Think of a digital dollar that’s officially backed by a state government. That’s what Wyoming just created. It’s called the Frontier Stable Token, or FRNT for short.

"A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution." - Satoshi Nakamoto (Bitcoin White Paper)
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