Core Insights - Stablecoins are increasingly popular in regions where traditional finance fails to meet people's needs, particularly in underbanked areas of Latin America, Africa, and Southeast Asia [1][2] - The global stablecoin market has surpassed $315 billion, with Tether (USDT) leading at $181.4 billion and USDC at $75.9 billion [3] - The total market opportunity for stablecoins is estimated at $10 trillion in the coming years, supported by the maturation of stablecoin infrastructure [5] Regional Adoption - Sub-Saharan Africa experienced a 52% year-over-year increase in on-chain crypto value received, totaling over $205 billion, making it the third-fastest growing crypto region globally [2] - Latin America accounted for 9.1% of global cryptocurrency inflows in a recent 12-month period, with stablecoin-based remittances being particularly significant [3] Economic Impact - Stablecoins are essential for economic resilience, allowing users to perform everyday transactions such as buying groceries and sending money to family [3] - The infrastructure for stablecoins is evolving, enabling faster, cheaper, and more efficient money transfers without the complexities of blockchain being apparent to users [6] Definition and Functionality - Stablecoins are designed to maintain a fixed value, typically pegged 1:1 to a fiat currency like the U.S. dollar, combining the benefits of blockchain with the stability of traditional money [7]

Week in Crypto Adoption: Asia Leads Digital ID, Africa Unlocks Payments, Tax Authorities Strike BackFrom Bhutan's Ethereum ID migration to Kenya's regulatory leap, Japan's pro-crypto PM, South Africa's 650K merchant network, and Korea's cold wallet crackdown!Let’s unpack this week’s crypto adoption madness. 🧵1/9 ...

Core Insights - Coinbase Global Inc. (COIN) is reportedly considering acquiring BVNK, a London-based fintech company focused on stablecoin payment infrastructure, with a potential transaction value between $1.5 billion and $2.5 billion [1][10] - The acquisition could enhance COIN's stablecoin infrastructure and global payment capabilities, positioning it as a leader in the stablecoin market [10] - COIN's shares have increased by 43.8% year to date, outperforming the industry, although its valuation remains higher than industry peers [9][11] Company Strategy - COIN is aligning with CEO Brian Armstrong's vision of becoming the premier "everything exchange" in the crypto industry, pursuing both organic and inorganic growth strategies [4] - The partnership with Stripe in Q2 2024 aims to enhance global adoption of crypto, integrating USDC on Base to facilitate dollar-denominated transactions [3] Market Context - Stablecoins, particularly USDC, are crucial for Circle Internet Group's business strategy, generating revenue through interest on reserves and transaction flows [5] - BlackRock Inc. is also leveraging stablecoins in its digital strategy, managing USDC reserves through a partnership with Circle to modernize finance and improve capital market efficiency [6] Financial Performance - COIN's current price-to-earnings ratio stands at 56.73, significantly above the industry average of 23.82, indicating a high valuation [11] - The Zacks Consensus Estimate for COIN's EPS for Q3 and Q4 2025 remains unchanged, with slight downward adjustments for full-year 2025 and 2026 estimates [12][13]

We're joining the @AusCryptoCon as a Keynote Sponsor next month in Sydney 🇦🇺Proud to support innovation and crypto adoption at Australia's premier crypto event! See you at #AusCryptoCon.#EventwithBitget #Crypto4Everyone https://t.co/YVswwRjqF9 ...

Core Insights - South Korean investors aggressively invested $1.24 billion into US tech and crypto-linked assets during the Chuseok holiday week, despite domestic markets being closed [1][8] - The investment trend included significant purchases in leveraged ETFs and high-growth stocks, indicating a strong risk appetite among retail investors [3][4] Investment Highlights - The most popular investment was the Direxion Daily Tesla Bull 2X ETF, with net purchases totaling $151 million [4] - Other notable investments included $105 million in Iris Energy, an Australian Bitcoin mining firm, $100 million in Meta Platforms, and $96 million in Tesla shares [4] - The T-REX 2X Long BMNR Daily Target ETF, which tracks Bitmine Immersion Technologies, saw around $95 million in purchases, ranking fifth among foreign investments [5] Market Context - The buying spree followed a strong rally in the Kospi Index, which reached new highs before the holiday, driven by optimism over US tech resilience and local stimulus plans [5] - However, the timing of the investments coincided with a global market pullback due to renewed US–China trade tensions, leading to a 1.7% drop in the Kospi Index upon reopening [6][8] - Analysts are uncertain whether Korean retail traders will maintain their aggressive investment strategies in light of the recent market volatility [6]

Photo by BeInCrypto Bybit just acquired a Virtual Asset Platform Operator License in the UAE, making it the first crypto exchange to do so. It plans to open a regional office with 500 employees to better expand its regional presence. The firm has been concentrating on infrastructure in other growing crypto hubs, making new inroads in Europe, Vietnam, India, and more. This long-term strategy could pay out huge rewards. Bybit's UAE License Although Bybit suffered a historic security breach earlier this y ...

🚨JUST IN: @RIPPLE PARTNERS WITH BAHRAIN @FINTECHBAY TO EXPAND OPERATIONS AND PROMOTE CRYPTO ADOPTION IN THE MENA REGION ...

Next up → the Kingdom of Bahrain. 🇧🇭We're expanding our presence in the Middle East through a partnership with Bahrain @FinTechBay: https://t.co/3o3CtrOhRZBuilding on our Dubai regulatory license, this move reinforces our commitment to the MENA region.Together, we'll accelerate crypto adoption, drive pilot projects, and launch accelerator and educational programs to introduce solutions like Ripple Custody and RLUSD to key financial institutions in the region. ...

🚀 Week in Crypto Adoption: India's RBI Digital Push, Dubai's Crackdown, Malaysia's Islamic finance unlocks $5T stablecoin marketIndia preps RBI blockchain currency to crush "unbacked crypto"! Dubai drops $163K fines on 19 rogue operators! Malaysia greenlights the world's first stablecoin Islamic bank!Let’s unpack this week’s crypto adoption madness. 🧵1/6 ...

Group 1: Company Overview - Fasset has received approval from Malaysia to launch full-service digital banking services within a regulated Islamic fintech sandbox, making it the world's first stablecoin-powered Islamic digital bank [1] - The platform currently serves over 500,000 users across 125 countries and aims to provide access to Shariah-compliant financial products [2] - Fasset has built a solid foundation in Islamic finance, recording over $6 billion in annualized trading volume, projected to reach $24 billion by 2026 [4] Group 2: Services and Offerings - Fasset is introducing everyday banking services, global investments, and crypto-backed spending options, including a crypto debit card that allows users to spend cryptocurrencies in Visa-supported stores [2][5] - The company plans to provide zero-interest banking products along with access to crypto investment [5] Group 3: Industry Context - The global Islamic finance industry surpassed $5 trillion in assets in 2025, but Shariah-compliant financial products remain largely inaccessible across the pan-Islamic belt [4] - Fasset's expansion comes amid a surge in crypto adoption across Asia, where around 23–24% of people hold or use digital assets, nearly three times the global average [6]