Market Trends - Stablecoin transaction volume increased by 83% year-on-year [1]

Salesforce-backed 'paytech' firm Modern Treasury acquires Beam stablecoin startup for $40 million: Fortune https://t.co/kya7SMa8pS ...

Modern Treasury, a payments infrastructure company valued at $2.1 billion, has acquired the stablecoin startup Beam, the companies announced Wednesday. The acquisition was an all-stock transaction worth about $40 million, according to a source familiar with the deal, who asked to remain anonymous while discussing private business discussions. Founded in 2022, Beam provides banks and other corporations with software to send and receive stablecoins, or cryptocurrencies pegged to underlying assets like the U ...

circle makes $385m from $11b in agent payments through usdc float interest. stripe makes $165m charging 1.5% on the same volume. circle needs adoption, stripe needs transactions. x402 hitting 51k transactions means every new agent deploying chooses usdc by default. the payment layer tokenomics favor the stablecoin issuer over the processor ...

Stablecoin adoption on BNB Chain is growing: @StraitsX now supports USDT on BNB Smart Chain!Note: This post is for informational purposes only and not financial advice. DYOR.https://t.co/ezr6QzfXpNStraitsX (@StraitsX):📢 Exciting news! StraitsX now supports #USDT on #BSC! 🚀Experience faster, low-cost, and seamless USDT transactions directly from your StraitsX account.Read more 👉 https://t.co/9P3RxOJC2j https://t.co/FY64INwjYP ...

Tether and Circle collectively minted $7 billion worth of tokens as Bitcoin climbed above $108,000, according to the data provided by on-chain analytics firm Lookonchain. Meanwhile, the stablecoin-to-Bitcoin ratio on Binance has dropped to its lowest point in two years, showcasing investor readiness for market accumulation. Binance Stablecoin Ratio Signals Latent Buying Power According to CryptoQuant, the ratio of stablecoins to USD exchanges on Binance has fallen to 0.8149, the lowest level since 2023. ...

Coinbase's Strategy - Coinbase is moving towards enabling private stablecoin transactions on Base, its Ethereum layer-2 network [1] - This move follows Coinbase's acquisition of Iron Fish, a platform focused on transaction privacy [1] Technology and Implementation - Base is "building private" capabilities, suggesting ongoing development in this area [1] - Iron Fish utilizes zero-knowledge proofs to hide transaction details while allowing selective transparency [1]

Big news, Caldera is partnering with Ethena.Ethena is a DeFi protocol on Ethereum that's behind USDe, the third biggest stablecoin with a TVL of $12B USD.They bring their stablecoin-as-a-service stack to Caldera, meaning every Caldera rollup can launch stablecoins from day one with instant liquidity.Partnered with Caldera to bring some awareness to thisCaldera (@Calderaxyz):Caldera x Ethena@ethena_labs is bringing their Stablecoin-as-a-Service stack to Caldera, integrated with Caldera’s Stablecoin Module.Ca ...

Core Viewpoint - The head of the U.S. Office of the Comptroller of the Currency (OCC) has downplayed fears regarding stablecoins potentially triggering a banking crisis, asserting that the risk of a deposit run is overstated and unlikely to occur suddenly [1][5]. Group 1: Market Expansion and Regulation - The stablecoin market has seen significant growth, increasing from $205 billion in January to over $307 billion [2]. - Tether's USDT dominates the market with approximately 59% share, followed by Circle's USDC [2]. - The rapid market expansion has led to increased calls from the banking sector for stricter regulatory oversight [2]. Group 2: Concerns Over the GENIUS Act - The American Bankers Association and over 50 state banking groups have urged Congress to address perceived "loopholes" in the GENIUS Act, which could allow stablecoin issuers to indirectly pay yields through affiliates [3]. - These groups warn that such practices could result in significant deposit outflows from traditional banks [3]. Group 3: Potential Impact on Traditional Banking - A joint letter from various banking associations estimates that yield-bearing stablecoins could drain up to $6.6 trillion from traditional banks, based on U.S. Treasury estimates [4]. - The potential outflows could lead to increased interest rates, reduced loan availability, and higher borrowing costs for households and businesses [4]. Group 4: Opportunities for Smaller Banks - Jonathan Gould suggests that stablecoin adoption could present opportunities for smaller banks to enhance their competitiveness in digital payments [5]. - He emphasized that the OCC is closely monitoring stablecoin activities and would take action if there were a significant flight from the banking system [6].

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