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Tag: Stablecoins

A stablecoin is a fiat-backed cryptocurrency that has a value pegged to another stable asset, such as the US dollar.

Coinbase Stock to New Heights

Ark Invest and Stablecoin Bill Propel Coinbase Stock to New Heights

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Stock Surge: Coinbase shares jumped 11% to $341 on June 24, 2025, making it the top S&P 500 performer, with an intraday high of $344.94. Regulatory Catalyst: The U.S. Senate’s passage of the GENIUS Act, enabling broader stablecoin use, boosted crypto market sentiment. Ark Invest’s Confidence: Cathie Wood’s Ark Invest purchased 4,198 Coinbase shares, reinforcing institutional support for the crypto exchange. Analyst...

Front page, News, Stablecoins

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Crypto Market Surges as GENIUS Act Advances, Trump Backs Stablecoin Legislation

Crypto Market Surges as GENIUS Act Advances, Trump Backs Stablecoin Legislation

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The U.S. Senate passed the GENIUS Act, a landmark bill to regulate stablecoins, with strong bipartisan support (68-30 vote). The act aims to establish a clear regulatory framework for stablecoins, requiring 1:1 backing by liquid assets and monthly disclosures. Major crypto-related stocks, including Coinbase (COIN), Circle (CRCL), and SRM Entertainment (SRM), saw significant surges following the news. President Donald Trump...

Front page, News, Stablecoins

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U.S. Senate Passes GENIUS Act to Regulate Stablecoins

U.S. Senate Passes GENIUS Act to Regulate Stablecoins

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In a landmark move for the cryptocurrency industry, the U.S. Senate passed the GENIUS Act (S.1582) on June 17, 2025, with a decisive 68-30 vote, establishing the first comprehensive federal framework to regulate stablecoins—digital currencies like Tether (USDT) and USD Coin (USDC) designed to maintain a stable value, typically pegged to the U.S. dollar. The legislation, which cleared a procedural hurdle on June 11 with a 68-30 vote, aims to...

Crypto regulation, Front page, News, Stablecoins

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What is Plasma

Plasma: The Blockchain Challenging DeFi’s Stablecoin Status Quo

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Plasma is a new Layer 1 blockchain, distinct from the older Ethereum scaling solution, purpose-built for stablecoin transfers. It aims to offer zero-fee USDT transactions and lightning-fast settlement by leveraging Bitcoin’s security and an EVM-compatible environment. The project recently garnered immense attention, raising $1 billion in stablecoin deposits for its XPL token public sale, valuing the network at $500 million...

Main, Stablecoins

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World Liberty Financial Debuts $USD1 Stablecoin on TRON Network

World Liberty Financial Debuts $USD1 Stablecoin on TRON Network

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World Liberty Financial has officially launched the $USD1 stablecoin. The new coin is built on the TRON blockchain, known for low fees and fast settlements. $USD1 is fully backed 1:1 by U.S. dollars, held in regulated U.S. bank accounts. Aims to provide a stable digital dollar for global remittances, payments, and trading. Part of a trend of rising stablecoin adoption, especially in emerging markets. World Liberty...

Front page, News, Stablecoins

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