ECB Executive Board member Piero Cipollone warns that widespread stablecoin adoption could reduce commercial banks' retail deposit base, while promoting the digital euro as a solution to preserve banks' role in the payments system.
MoneyGram has become a validator on the Solana blockchain, staking SOL tokens and processing transactions. This move deepens the company's integration of digital assets, following its stablecoin launch and broader industry trends in crypto adoption for remittances.
Morpho Labs secured $175 million in a funding round led by Paradigm, a16z crypto, and Ribbit Capital. The company, known for its DeFi lending protocol, aims to become a credit infrastructure layer for traditional financial institutions, indicating a shift in investor focus towards onchain credit markets and stablecoin infrastructure.
Bitso is expanding its partnership with Ripple by bringing its MXNB stablecoin to the XRP Ledger. It will be used with Ripple's RLUSD for enterprise cross-border settlements between the US and Mexico, aiming to reduce costs and improve efficiency in remittances.
Circle shares surged as analysts pointed to expanding stablecoin use cases and forecast significant upside as USDC adoption continues to gain traction.
Bitwise investment chief Matt Hougan says projections tipping stablecoins to hit $4 trillion in value by 2030 could happen if major tech firms continue to adopt them.
Bitwise investment chief Matt Hougan says projections tipping stablecoins to hit $4 trillion in value by 2030 could happen if major tech firms continue to adopt them.
Tether (USDT), the world's largest stablecoin issuer, reported $1.04 billion in net profit for Q1 2026 with record excess reserves of $8.23 billion. The company holds $141 billion in US Treasuries exposure, making it the 17th largest holder globally. Reserves also include $20 billion in physical gold and $7 billion in Bitcoin. USDT circulating supply stands at $183 billion with user base reaching 570 million, driven by demand for digital dollars in emerging markets.
A 2025 report from Bitso reveals that stablecoins now account for 40% of crypto purchases in Latin America, outpacing Bitcoin at 18%. This trend toward 'digital dollarization' is driven by users seeking to hedge against local inflation and currency depreciation.
