Coinbase CEO on Bank Protectionism and the Stablecoin Regulation DebateOn January 20, 2025, Brian Armstrong, CEO of Coinbase, said in an interview with CNBC Television that stablecoin yields should not be subject to protectionist restrictions, and that banks should respond to market choices through fair competition. Addressing banks' concerns that stablecoins could drive capital outflows and weaken the credit system.Source: https://t.co/9iqCH7ZrPZ ...

🚨 NOW: Stablecoin market cap drops $2.24B in 10 days as capital rotates into gold and silver, per Santiment. https://t.co/mOsT4V9in1 ...

Stablecoin Outflows Signal Capital Exit as Bitcoin Trades Flathttps://t.co/5jpD6gtBhS https://t.co/5jpD6gtBhS ...

RT Token Relations 📊 (@TokenRelations)📊 Stablecoin transfers on @0xPolygon reach 256.5M in January so far, setting a new monthly record for the network https://t.co/AlnKHseKVd ...

🗞️ Need to catch up on the news? Here's our top 10 from today:🔸 Sen. Roger Marshall will not offer credit card swipe fee amendment during the Senate Agriculture Committee crypto market structure bill markup, per Politico.🔹 HIP-3 open interest hits all-time high of $790M, up from $260M a month ago, driven by surge in commodities trading activity.🔸 Coinbase launched an independent advisory board to assess future quantum computing risks to crypto security.🔹 Stablecoin market cap is falling, a bearish signal as ...

Chainlink Labs has joined the Global Alliance for KRW Stablecoins (GAKS) led by WEMADE, a 600M+ user platform.https://t.co/PdTxmFvSbjThe alliance is advancing stablecoin standards in Korea by leveraging Chainlink's data, interoperability, compliance, & privacy standards. https://t.co/QPTuTH4mEo ...

RT Token Terminal 📊 (@tokenterminal)Solana's stablecoin landscape is growing more decentralized.Non-USDC/USDT stablecoin supply on @solana is up by ~10x since Jan 2025, surpassing $3 billion.A chart to follow 👇 https://t.co/EeHdpMJdMC ...

🚨 INSIGHT: Stablecoin market cap is falling, a bearish signal as some investors exit crypto during the correction while precious metals surge, according to CryptoQuant analyst. https://t.co/NWZmwXiNai ...

Core Insights - Tether is experiencing a significant shift towards gold, as evidenced by a recent attestation report and the surge in gold prices, which recently surpassed $5,100 [1][2] - The supply of Tether Gold (XAUT) tokens has increased by 38% in the last three months, indicating a growing investor interest in gold as a hedge against economic uncertainty [1][2] - Tether's XAUT is now valued at $2.64 billion, a substantial increase from $677 million a year ago, making it the 50th largest cryptocurrency by market cap [3] Supply and Demand Dynamics - The supply of XAUT grew at five times the rate of Tether's primary product, USDT, in the fourth quarter, reflecting a strong demand for exposure to gold [2] - Tether sold approximately 173,400 XAUT in the fourth quarter, which is more than three times the amount sold in the previous six months, equating to $882 million in gold exposure [5] Competitive Landscape - Tether's XAUT faces competition from PAX Gold, which has a market cap of $2 billion, but Tether has established a leadership position in the tokenized gold market [4] - Tether is promoting XAUT as a means of payment, coining the term "Scudo" to represent a fraction of a troy ounce of gold [4] Regulatory Developments - Tether plans to launch USAT, a U.S.-regulated stablecoin designed to comply with the GENIUS Act, which mandates that stablecoins be backed by cash and U.S. Treasuries [6]

usyc flipped blackrock's buidl to become the largest tokenized money market fund by dumping $900m on bnb chain alone. 56% of total supply on one chain for binance margin collateral. buidl spread across 7 chains chasing diversification. concentration beats distribution when you control the stablecoin rails. circle owns usdc settlement and just proved asset managers don't matter if you own the pipes ...