Trip.com has started to allow some overseas users to pay for prepaid hotel and flight bookings with the stablecoins USDT and USDC - also known as Tether and USD Coin - in a sign of growing acceptance of the US dollar-pegged tokens. The Shanghai-based online travel group enabled stablecoin payments on October 9, according to a customer service agent, with the option appearing for users in certain regions when they booked prepaid deals through Trip.com's international platform. The move - which comes even ...

Core Insights - Exodus Movement (EXOD) and CleanSpark (CLSK) are significant players in the cryptocurrency market, with EXOD focusing on self-custodial wallets and Web3 financial services, while CLSK is primarily a Bitcoin miner [1][2] Exodus Movement (EXOD) - EXOD has a market cap of over $3 trillion in cryptocurrency and has entered the stablecoin market, achieving $26 trillion in stablecoin transaction volume [3][4] - Revenues for EXOD increased by 51% year-over-year due to rising digital asset prices throughout 2025 [3] - The company experienced an 82% year-over-year growth in swap volume in Q3 2025, with 28% of this volume coming from B2B swaps [5] - EXOD has a robust balance sheet with $315 million in digital and liquid assets and no debt, leading to optimistic earnings growth projections [6] - The Zacks Consensus Estimate for EXOD's 2025 earnings has been revised upward in the past 60 days [6] CleanSpark (CLSK) - CLSK is transitioning from a Bitcoin mining company to a diversified digital infrastructure model, focusing on opportunities in the AI and high-performance computing (HPC) markets [8][9] - The company has a significant electricity and land portfolio of 1.3 gigawatts across the U.S. to support this transition [8] - CLSK has acquired a 285 MW site in Texas for an AI campus and identified a 250 MW site in Georgia for AI development [10] - Despite the transition, CLSK faces intense competition from other crypto mining companies and hyperscalers, which may constrain its bottom line [11] - The Zacks Consensus Estimate for CLSK's fiscal 2026 earnings has been revised downward in the past 30 days [11] Price Performance and Valuation - Over the past six months, EXOD shares have decreased by 53.8%, while CLSK shares have increased by 14.6% [12] - In terms of valuation, EXOD trades at a forward 12-month price-to-sales (P/S) multiple of 3.58X, compared to CLSK's 3.49X [13] Conclusion - EXOD is currently performing better in the crypto market, focusing on self-custodial wallets and stablecoin payments, while CLSK is pivoting towards AI and HPC infrastructure amidst competition and costs [15]

RT Yogita Khatri (@Yogita_Khatri5)Stablecoin payments are scaling fast.Unicorn @RedotPay has raised $107M in a Series B, saying it now processes over $10B in annualized volume and generates more than $150M in annualized revenue while already profitable, with backing from @PanteraCapital, @blockchaincap, @circle Ventures and others.CEO Michael Gao said RedotPay has “meaningful users” across the Middle East and North Africa and plans to use the fresh capital to expand into new markets and grow its regulatory ...

Hong Kong-based payments fintech RedotPay has raised a $107 million in a Series B round as it scales stablecoin-powered payments across more than 100 countries, betting that blockchain rails can compete directly with traditional cross-border finance. The oversubscribed round, led by Goodwater Capital with participation from Pantera Capital, Blockchain Capital, and Circle Ventures, brings RedotPay’s total capital raised in 2025 to $194 million, it said in a release. RedotPay said it now serves more than ...

Tempo, a payments-focused blockchain backed by Stripe and crypto investment firm Paradigm, has launched its public testnet, a key step in its effort in making stablecoin payments for mainstream use. Tempo has also unveiled a roster of new additions to the network’s partner group, including buy-now-pay-later firm Klarna, predictions market Kalshi, payments giant Mastercard and Swiss global bank UBS. They join a group of earlier design partners such as Deutsche Bank, Visa, Shopify, OpenAI and Nubank. Initi ...

Core Insights - Exodus Movement (EXOD) is experiencing rapid growth as a self-custodial wallet and Web3 financial services provider, with revenues increasing by 51% year-over-year due to rising digital asset prices in 2025 [1] - The company reported an 82% year-over-year growth in swap volume in Q3 2025, with 28% of this volume coming from B2B swaps [1] Revenue and Growth - The increase in trading activity, user engagement, and strong partner traction has significantly contributed to EXOD's growth [2] - EXOD's partner strategy, which provides access to multi-chain liquidity without the need for partners to build their own infrastructure, is expanding rapidly, adding 16 new partners in Q3 2025, with 10 already paying [2] Market Expansion - EXOD's acquisition of Grateful allows it to enter the high-growth Stablecoin payments market, enabling instant merchant settlements and lower transaction fees, while also planning to expand into the Argentinian and Uruguayan markets [3] - The company currently holds $315 million in digital and liquid assets, providing a robust balance sheet with no debt [3] Market Potential - With a cryptocurrency market cap exceeding $3 trillion and stablecoin transaction volumes at $26 trillion, EXOD is positioned to benefit from this substantial total addressable market [4] Competitive Landscape - EXOD faces competition from digital asset exchanges and FinTech companies like Coinbase, Robinhood, and PayPal, which offer self-custodial wallet solutions and crypto trading services [5][6] Financial Performance - EXOD shares have declined by 48.4% over the past year, underperforming the Zacks Internet – Software industry, which grew by 0.6% [7] - The company trades at a price-to-book ratio of 1.41X, which is lower than the industry average of 5.92X, indicating potential undervaluation [8][9] Earnings Estimates - The Zacks Consensus Estimate for EXOD's 2025 earnings suggests a year-over-year growth of 3.5%, with recent upward revisions in estimates over the past 30 days [10]

Core Insights - Exodus Movement (EXOD) shares have declined by 38.3% over the past month, significantly underperforming the Zacks Internet – Software industry's decline of 3% [1] - The company has a trailing 12-month price-to-book ratio of 1.41X, which is considerably lower than the industry's average of 5.81X, indicating a favorable valuation [4] - EXOD reported a 51% year-over-year revenue growth and an 82% increase in swap volume in Q3 2025, driven by rising digital asset prices [6][8] - The acquisition of Grateful enhances EXOD's capabilities in stablecoin payments and opens new market opportunities [6][10] Financial Performance - EXOD's revenues grew by 51% year-over-year, supported by increased digital asset prices [8] - The company experienced an 82% year-over-year growth in swap volume, with 28% of this volume coming from B2B swaps [8] - The balance sheet is robust, with $315 million in digital and liquid assets and no debt [10] Market Position and Strategy - EXOD is expanding its partner strategy, adding 16 new partners in Q3 2025, 10 of which are already paying, enhancing its multi-chain liquidity access [9] - The company is entering the high-growth stablecoin payments market, which allows for instant merchant settlements and lower transaction fees [10] - With a total addressable market of over $3 trillion in cryptocurrency and $26 trillion in stablecoin transaction volume, EXOD is well-positioned for growth [11] User Engagement and Challenges - User engagement has softened, with Monthly Active Users dropping from 2.3 million in Q4 2024 to 1.5 million in Q3 2025, despite a 20% year-over-year increase in Quarterly Funded Users [12] - The company faces structural risks due to its reliance on third-party API providers and competitive pressures from exchanges like Coinbase and other fintech companies [13][15] - Earnings volatility is a concern, with the Zacks Consensus Estimate projecting modest year-over-year growth of 3.5% for 2025 [16] Conclusion - Despite challenges such as reliance on third-party APIs and rising competition, EXOD's strong asset base, attractive P/B valuation, and expanding swap and payments ecosystem suggest solid long-term potential [18]

Major European fintech firm Revolut is teaming with Ethereum scaling network Polygon to power crypto remittances and stablecoin payments via the Revolut app, the network announced on Tuesday.  First integrated last December, the network has facilitated more than $690 million in trading volumes via Revolut thus far.  "This integration with Revolut represents exactly the kind of real-world utility for everyday people we've been building toward," said Polygon Labs CEO Marc Boiron, in a statement. "By making bl ...

Market Overview - Bitcoin fell below $100,000 for the first time since July, with $1.7 billion in liquidations occurring within 24 hours [1] - Ethereum dropped nearly 5% in the last 24 hours, trading below $3,200 [1] - Solana experienced a 20% decline over the past week [1] Institutional Investment Trends - Bitwise Asset Management launched the Bitwise Solana Staking ETF (NYSE:BSOL), attracting $417 million in inflows within a week, marking it as the fastest-growing new ETF of the year [3][4] - The BSOL ETF stakes 100% of its underlying Solana holdings, offering yields of approximately 7% [4] Factors Driving Solana's Popularity - Solana is benefiting from the growth of stablecoin payments and asset tokenization, with a recent partnership with Western Union to issue a stablecoin on its network [5] - The blockchain is compared to the early Internet boom, noted for being user-friendly and scalable, although Ethereum remains the dominant platform [6] Market Sentiment - The current market is described as a "tale of two markets," where retail traders are facing leverage unwinds while institutional investors maintain a positive outlook [7] - Predictions suggest that retail sentiment may bottom out before a potential rebound into 2026, as professional investors accumulate assets at lower prices [7] Future Outlook - Bitwise anticipates more spot crypto ETFs in the coming months, including products linked to XRP and diversified crypto-index funds, pending regulatory approvals [8]

Core Insights - The use of stablecoins for real-world purchases and payments is accelerating following the passage of US legislation regulating the cryptocurrency sector [1][3] - In August, over $10 billion was transacted through stablecoins, a significant increase from $6 billion in February and more than double the volume from August 2024, indicating a potential annual transaction volume of $122 billion [2][4] Regulatory Impact - The growth in stablecoin usage follows the signing of the Genius Act on July 18, which established federal regulations for stablecoin issuers, mandating that tokens be backed by highly liquid assets like Treasury bills [3][5] Market Dynamics - Despite the rapid growth of stablecoin payments, they still represent a small fraction of traditional payment volumes, highlighting the potential for future growth in this sector [4] - Business-to-business transfers account for the majority of stablecoin payments, totaling $6.4 billion monthly, which is nearly two-thirds of the total and has increased by 113% since February [6] Operational Efficiency - Companies are increasingly using stablecoins to circumvent traditional international banking delays, with an average business payment of $250,000, emphasizing the importance of speed in larger transactions [7]