Stablecoins

Digital Assets Thrive in 2024

Wednesday. February 5 at 4:00 PM

1 min. read

In 2024, digital assets experienced significant growth, with Bitcoin's volatility hitting a record low and stablecoin transactions surpassing Visa and Mastercard. ARK Invest's 'Big Ideas 2025' report highlighted these key points. Bitcoin's annualized volatility dropped below 50%, a stark contrast to previous years. The cryptocurrency saw a 122.2% return as volatility decreased. The success of Bitcoin was attributed to the launch of 11 spot ETFs in the US, accumulating over $100 billion in assets. Additionally, stablecoins emerged as a prominent use case, with transaction values exceeding traditional payment giants. Regulatory focus on stablecoins intensified, with bipartisan bills introduced in Congress. Republicans prioritized passing legislation for clear crypto guidelines. Overall, stablecoin regulation gained bipartisan support, signaling a shift towards a consensus in Congress.

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Digital Assets Thrive in 2024

Wednesday. February 5 at 4:00 PM

Stablecoins

Telcoin Receives Approval as Digital Asset Depository Bank in Nebraska

Tuesday. February 4 at 3:00 AM

Telcoin, Inc. has been granted approval by the Nebraska Department of Banking and Finance to operate as one of the first federally regulated digital asset depository banks in the United States under the Nebraska Financial Innovation Act. This milestone decision follows a thorough review process, including a detailed business plan submission and background checks on directors and officers. Telcoin's plan involves issuing US dollar-backed stablecoins to integrate digital assets into mainstream financial systems. To ensure financial stability and consumer protection, Telcoin must maintain liquid assets in US dollars, adhere to regulatory conditions, and engage in community education efforts. The approval signifies a significant step towards the integration of digital assets into traditional banking systems, setting a precedent for future innovations in the financial sector.

Stablecoins

Circle Integrates USDC onto Aptos Blockchain Ecosystem

Friday. January 31 at 5:00 AM

Circle has successfully integrated its native USDC stablecoin onto Aptos' blockchain ecosystem, along with its Cross-Chain Transfer Protocol (CCTP) for enhanced interoperability. This collaboration opens up new opportunities in app development and DeFi liquidity. Aptos saw an 8% surge following the integration. The partnership between Circle and Aptos, established last November, has now achieved its goal of ensuring interoperability and TradFi access. The mainnet launch of native USDC on Aptos eliminates the need for bridging, providing developers and users with access to a regulated digital dollar. Circle's partnership with Aptos aims to simplify access to USDC liquidity for individuals and institutions. This integration, along with Circle's recent strategic moves such as partnerships with Binance and acquisitions, demonstrates its commitment to expanding market potential and use cases for USDC. Despite facing challenges, Aptos' partnership with Circle has positively impacted its APT token price, showing potential for increased user activity and revenue on its blockchain.

Stablecoins

The Future of Stablecoin Networks in Global Payments

Tuesday. January 28 at 1:00 AM

Sixteen years post the creation of Bitcoin, the blockchain sector still grapples with issues in traditional finance. Brian Shroder, former Binance.US CEO, advocates for a stablecoin network tailored for global payments in local currencies to address these challenges. Shroder's 1Money Network aims to enhance stablecoin accessibility for daily transactions like peer-to-peer transfers and cross-border remittances. The stablecoin market, dominated by Tether and Circle's USD Coin, has seen significant growth. While other companies like Robinhood and Ripple are also venturing into stablecoin networks, 1Money stands out for its support of multiple stablecoins. Shroder envisions a future where stablecoins facilitate seamless global transactions. Despite blockchain's unresolved issues, stablecoins offer cost-effective solutions for cross-border payments. As stablecoins gain traction, they could drive mainstream adoption of blockchain technology, offering advantages like cost efficiency and enhanced transparency.

Stablecoins