Onchain Initiatives by Fortune 500 Companies - 60% of Fortune 500 executives surveyed say their firms are exploring onchain initiatives [1] - Nearly half of surveyed Fortune 500 companies have increased their investment in onchain solutions [1] - The average number of onchain projects per company has increased by 67%, from 6 to 10 projects [1] - Payments and settlements are the most popular onchain initiatives at 47%, followed by supply chain management at 44% and blockchain infrastructure at 40% [1] - Onchain cross-transfer payments have grown by 31% since last year, corporate treasuries by 21%, and crypto investment product development by 19% [1] - 18% of executives say onchain initiatives play a key role in their business strategy, a 47% increase from 2024 [1] Crypto Adoption by SMBs - 34% of SMBs are currently using crypto in their businesses, with 46% of those not using it expecting to start within the next 3 years [1] - 82% of SMBs said that crypto can help them to address at least one of their main pain points, up from 68% a year ago [1] - 34% of SMBs are using crypto, up from 17% in 2024; 18% are using stablecoins, up from 8% last year; and 32% have paid or accepted a payment in crypto, up from 16% last year [1] - 84% of SMBs are interested in using crypto in their business, up from 65% just last year [1] - 72% of SMBs said transaction fees and processing times are a major pain point, up from 66% last year [1] - 57% of SMBs said that adopting crypto will save their business money, which is up from 42% last year [1] Stablecoin Adoption and Growth - Stablecoin transfer volumes peaked at $719 billion in December 2024 and $717 billion in April 2025 [1] - The number of stablecoin owners has climbed to over 161 million people [1] - As of May 2025, stablecoins account for 10% of US currency in circulation, and the total stablecoin supply has reached $247 billion, a 54% increase since 2024 [2] - Circle's USDC market cap reached an all-time high of $62 billion [2] - 47% of Fortune 500 executives and 82% of SMBs said stablecoins can help tackle slow transaction speeds and high fees [2] - 18% of SMBs are using stablecoins, more than double the 8% in 2024, and 81% are interested in integrating stablecoins, up from 61% in 2024 [2] Tokenized Real-World Assets (RWAs) - The RWA sector has grown by more than 245 times between April 2020 and April 2025 [2] - Private credit accounts for 61% of the tokenized RWA sector, tokenized treasuries 30%, commodities 7%, and institutional funds 2% [2] - Private credit tokenization has grown from basically nothing to $12 billion by April 2025, while tokenized treasuries have gone from under $500 million in October 2022 to more than $6 billion [2] Institutional Adoption of Crypto - The top 10 spot Bitcoin ETFs ranked in double the cumulative inflows of the top 10 all-time ETFs in their first year at $50 billion [3] - The spot Ethereum ETF saw a modest $35 billion worth of inflows in their first quarter after launch [3] - 86% of institutional investors have exposure to digital assets or plan to in 2025, and 83% plan to increase their crypto exposure this year [3] - 59% plan to allocate more than 5% of their AUM to crypto-related products, while 73% said their firms hold crypto outside of ETH and BTC [3] - 84% are either actively utilizing or plan to utilize stablecoins, while 76% intend to invest in some type of tokenized RWA in 2026 [3] Regulatory Hurdles and Developer Talent - 90% of Fortune 500 executives feel that clear regulation is required to support crypto and web3 innovation [3] - 54% said that regulatory concerns are a barrier to adoption of blockchain technology, while 67% said that regulatory uncertainty is a hurdle for adopting stablecoins [3] - 72% of SMBs said they would be more likely to consider crypto if there was a clearer market structure for crypto [3] - While the US still maintains the greatest share of developers at 39%, since Ethereum's launch in 2015 this share has been cut in half [3]

Core Viewpoint - New stablecoin legislation is causing concern among investors regarding Visa's business, leading to a nearly 10% decline from its all-time highs, as merchants and fintech companies are increasingly accepting stablecoins for transactions [1][5]. Group 1: Stablecoins and Legislation - Stablecoins are cryptocurrencies pegged to fiat currencies, such as the U.S. dollar, providing more reliability than traditional cryptocurrencies like Bitcoin [3]. - Recent legislation passed by the U.S. Senate aims to regulate stablecoins, ensuring issuers maintain proper reserves and undergo regular audits [4]. - The acceptance of stablecoins by merchants is expected to increase, potentially allowing them to bypass Visa's payment processing [5]. Group 2: Competitive Landscape - Merchants are motivated to adopt stablecoins to avoid the 2%-3% transaction fees charged by Visa, which could save them billions annually [6][14]. - Despite the push for stablecoins, Visa maintains a significant competitive advantage due to its extensive global acceptance, with 150 million merchants and 4.8 billion cards in circulation [10]. - Consumers are unlikely to abandon Visa due to the cash-back rewards and perks associated with using Visa cards, which stablecoins do not currently offer [11][14]. Group 3: Investment Perspective - Although Visa's stock has declined, it is not expected to plummet to zero, and the company is considered a high-quality business [15][16]. - The current price-to-earnings ratio of 34 suggests that Visa may not be a solid buy at this time, as it is a mature company with stable but slow growth prospects [15].

Group 1: Ark Invest's Actions - Ark Invest sold shares of Circle Internet Group, marking the only sell for its largest ETF, Ark Innovation ETF (ARKK), which has over $5.5 billion in assets [1][2] - The decision to sell comes after Circle's stock surged 83% following the passing of the GENIUS Act, which creates a federal regulatory framework for stablecoins [7] - Despite the sell-off, Circle remains a significant holding for Ark Invest, being the third-largest position across all of Cathie Wood's ETFs [10] Group 2: Circle Internet Group Overview - Circle is a prominent player in the fintech sector, known for its stablecoin, USD Coin (USDC), which aims to maintain a one-to-one peg with the U.S. dollar [3][4] - USDC has achieved a circulation of $60 billion, making it the second-largest stablecoin globally, commanding 25% of the market [5] - Circle turned profitable in 2023, but its top-line growth has slowed to a 16% gain projected for 2024, raising some valuation concerns with a market cap exceeding $50 billion [6] Group 3: Market Context and Future Outlook - The regulatory environment for digital currencies, particularly stablecoins like USDC, is improving, which could enhance their mainstream adoption and integration with traditional banking [7] - Circle's IPO was notable for having over half of the shares offered coming from insiders cashing out at $31 per share [10] - The stock's performance indicates potential for further growth, as it opened the week nearly eight times its IPO price, suggesting strong investor interest [9]

#Stablecoins bring security, but are they truly stable? 🤔 ...

LIVE NOW - Is Tether The World's Most Valuable Company?@Tether_to CEO @paoloardoino returns to Bankless at a historic moment for stablecoins.With the Genius Act advancing in the U.S. Congress, Paolo discusses what regulatory clarity means for Tether, the future of USDT, and the company’s plans to launch a domestic stablecoin.We explore the Circle IPO hype, Tether’s eye-popping profits, its growing presence in the U.S. Treasuries and Bitcoin mining, and how grassroots distribution across emerging markets pow ...

Market Trends & Regulatory Landscape - Visa shares experienced a decline following the Senate's approval of a regulatory framework for stablecoin issuers [1] - The regulatory framework potentially enables merchants to circumvent traditional card-based payment systems [1] Potential Risks - Stablecoins could pose a threat to card-based payment systems, potentially impacting Visa's transaction volume [1] Technical Analysis - Monitor major support and resistance chart levels for Visa [1]

Bring in show music, please. Today on SquawkPod, President Trump says he'll decide within 2 weeks on whether to join Israel's campaign against Iran. We're joined by Israel's economy minister near Barcat.We want to make sure that Hamas will never exist after this war. The first major legislative win for the crypto industry passed in the Senate earlier this week. crypto expert and Han Ventures CEO Katie Han.We're talking about trillions and trillions of dollars of disruption coming. Plus, President Trump exte ...

Circle Internet Group, Inc. CRCL, the issuer behind the USD Coin USDC/USD stablecoin, has stunned Wall Street with a meteoric 540% surge since its IPO on June 5. The stock closed at $199.59 on Wednesday, propelling Circle's valuation to nearly $50 billion. What To Know: Circle's explosive rally gained more momentum Wednesday after the U.S. Senate's passage of the GENIUS Act, a landmark bill that would formally regulate dollar-backed stablecoins and integrate them into the U.S. financial system. Read Next: S ...

Core Insights - PayPal's shares have declined nearly 17% year-to-date in 2025, indicating a challenging first half for the financial technology company [1] Company Performance - The decline in PayPal's stock price is attributed to the rise of stablecoins, which may be impacting its market position [1] Investment Focus - The analysis emphasizes a focus on 20th-century stocks undergoing transformation in the 21st century, highlighting the potential for significant changes in stock performance due to innovative business models [1]

Shares of Coinbase Global surged to lead S&P 500 gainers Wednesday, a day after the Senate passed the GENIUS Act to set up federal boundaries for the use of stablecoins. https://t.co/SyO7UkWQJ8 ...