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Payments Giant Swift Guards Speed Record With a Bet on Blockchain
Yahoo Finance· 2025-10-02 10:30
Core Insights - The traditional payment system, exemplified by wire transfers, is being challenged by blockchain solutions like stablecoins, prompting payment processors to modernize their transaction handling [1][5] - Swift, a global payments leader, is proactively developing a blockchain to facilitate instant transactions worldwide, moving away from the current one to five business days processing time [2][4] - Swift is collaborating with over 30 financial institutions, including major banks like Bank of America and Citigroup, to create a digital ledger using a prototype from blockchain company Consensys [3] Industry Developments - Swift processes transactions for over 11,500 institutions across more than 200 countries, highlighting its significant influence in the global economy [4] - The rise of stablecoins is prompting traditional financial institutions to reconsider their transaction timelines, with McKinsey labeling stablecoins as a direct challenge to conventional payment systems [5] - Citi projects that by 2030, annual trading of stablecoins could reach $100 trillion, indicating a substantial shift in the financial landscape [5] Institutional Movements - A consortium of U.S. banks, including JPMorgan Chase and Wells Fargo, is exploring the launch of a stablecoin, while EU banks like ING and UniCredit are working on a euro-backed stablecoin [7] - JPMorgan Chase has developed blockchain-adjacent solutions, including a private digital ledger and a deposit token that functions similarly to a stablecoin but is exclusive to its clients [7]
AVAX DEX Volume Climbs Sharply in September, Boosting Recovery Outlook
Yahoo Finance· 2025-10-02 08:13
AVAX DEX Volume Climbs Sharply in September Boosting Recovery Outlook. Photo by BeInCrypto Avalanche (AVAX) had a booming September, with DEX trading volume hitting a three-year high and a billion-dollar treasury deal. There is also growing interest from ETF issuers in AVAX. At the same time, technical signals indicate that AVAX is at a critical level for a potential breakout if it can maintain key support. This picture opens up expectations for a new growth cycle of Avalanche in the medium term. Avalanch ...
Bitcoin Kicks Off 'Uptober' With US Government Shutdown | Insight with Haslinda Amin 10/2/2025
Bloomberg Television· 2025-10-02 06:37
Government Shutdown & Market Impact - Investors believe the government shutdown is temporary and are largely ignoring it, focusing instead on positive factors like AI optimism [1][4] - Prediction markets estimate a 48% chance of the shutdown lasting 4-9 days, 29% for 10-29 days, and 17% for over a month [10] - A U S Vice President speculates the shutdown won't be long, potentially creating buying opportunities for U S stocks [4][7] - A previous shutdown in 2018 saw a spike and drop in equities, but current market conditions are stronger [8] Prediction Markets & Robinhood - Robinhood's prediction market business is experiencing rapid growth, with a Piper Sandler report estimating $200 million in annualized revenue [13] - Robinhood is expanding its prediction markets internationally, noting significant interest and strategic planning from other countries [2][11][12] - Prediction markets are viewed as a new source of information, news, and media, not just an investment asset [11] - Robinhood is developing AI tools (Robinhood Cortex/Legend) to assist active traders in creating and back-testing trading strategies [34][35] Tokenization & Crypto - Tokenization is considered a "freight train" that will transform the financial system, with potential for market dominance outside the U S due to less legacy infrastructure [19] - Robinhood launched tokens in the EU and demonstrated tokenization of SpaceX private companies, receiving significant interest from institutions [20] - Real-world assets like real estate, art, and private equity are being considered for tokenization to broaden market access [21][22] - The crypto community believes blockchain will power real-world assets, despite past challenges and the need for regulatory clarity [28][29][30] - One analyst predicts Bitcoin could reach $250,000 by the middle of next year, influenced by macroeconomics and institutional investment [40][43] Stablecoins - Stablecoins are seen as a key entry point to crypto, with Tether and Circle holding 90% of the market [56] - Stablecoins are growing, with optimism for reaching $3 trillion, driven by cross-border transactions and use by financial institutions [59][60] - Stablecoins are increasingly backed by U S Treasuries and money market shares for stability and compliance [61] - There's a trend towards enterprise-grade stablecoin-specific blockchains, incorporating features like immutability and optional reversibility for fraud or mistakes [65][66][67]
X @The Block
The Block· 2025-10-02 05:51
Crypto needs non-USD stablecoins for meaningful utility, says Base creator Jesse Pollak https://t.co/wN8djXgHEf ...
X @Poloniex Exchange
Poloniex Exchange· 2025-10-02 03:00
Crypto Market & Investment - RexShares's US Solana staking ETF reaches $338 million AUM [1] - Metaplanet becomes 4th-largest corporate Bitcoin holder [1] Solana Ecosystem - Solana sees over $760 million in assets bridged from other chains in September [1] Bitcoin & Economic Factors - French central bank's deficit is 'great' for Bitcoin [1] Stablecoins & Global Finance - Africans are using stablecoins to survive inflation [1]
X @Avalanche🔺
Avalanche🔺· 2025-10-01 20:00
Industry Focus - Avalanche is powering Asia's blockchain initiatives [1] - The ecosystem includes tokenized funds from Mirae Asset [1] - KRW-backed stablecoins are being developed within the Avalanche ecosystem [1] - K-pop fan platforms are leveraging Avalanche [1] - ULTRA KOREA festivals are associated with Avalanche [1]
X @Token Terminal @ TOKEN2049 🇸🇬
Token Terminal 📊· 2025-10-01 19:16
Stablecoin Market Overview - Stablecoin category is experiencing increasing diversity and competition [2] - USD stablecoins are dominant, with few alternative currencies like EUR in the top 100 [2] Top Stablecoins and Networks - Top 5 stablecoin issuers by supply: Tether, Circle, Ethena, Sky, and WLFI [2] - Networks with over $10 billion in natively minted stablecoins: Ethereum, Tron, and Solana [2] - The largest stablecoin by supply is USDT on Ethereum [2] - Ethena's USDe on Ethereum is the fastest growing stablecoin (on a percentage basis) [2] Yield-Bearing Stablecoins - Most challenger stablecoins offer yield, including USDe, USDS, BUIDL, USDG, AUSD, etc [2]
X @Messari
Messari· 2025-10-01 19:03
Stablecoin Market Trends - Plasma's XPL attracts over $8 billion in TVL [1][2] - Phantom introduces its own stablecoin CASH [1][2] - Stripe expands its stable-as-a-service offering [1][2] Stablecoin Flows - Total USD inflows to stablecoins fell 49% this week [2]
X @Cointelegraph
Cointelegraph· 2025-10-01 16:04
From Treasuries to Stablecoins: The Future of Tokenized Assets with OpenEden [Brought to you by @OpenEden_X] https://t.co/CUPbKGpVu5 ...
Why U.S. Small Businesses Are Teaching Customers How To Use Stablecoins
CNBC· 2025-10-01 16:01
In many ways, summer 2025 was all about the stable coin. A meteoric rise for shares of stablecoin giant Circle since their public debut in just early June. Stable coins have proven that moving money is really good for consumers and merchants like it because they don't suffer from chargebacks.This category of crypto, which is known for being well stable thanks to their peg to the price of another asset like the US dollar, made it big in the US when President Trump signed the Genius Act into law. And now stab ...