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You are here: Home / Archives for stablecoin

stablecoin

TRON Breaks Records with $694B USDT Transfers: What’s Driving Its Crypto Dominance?

June 13, 2025 by Yahya

  • TRON sets new USDT transfer record with $694.54B in May, leading stablecoin adoption in the crypto world.
  • Whale transactions over $1M make up 59% of May’s volume, highlighting TRON’s appeal to large investors.
  • TRC-20 USDT surpasses $75.7B, leading stablecoin holdings across blockchains, ahead of Ethereum’s ERC-20 USDT.

TRON has reached an impressive milestone, breaking a huge record within the stablecoin market. The highest amount of USDT transfers ever recorded on the blockchain network was in May, at $694.54 billion. An analyst at CryptoQuant highlighted that this is a new record that indicates the rising dominance of TRON in the crypto world. With the USDT and other stablecoins remaining a significant force in pushing the adoption of cryptocurrencies, the success of TRON can be highlighted as one of the biggest factors influencing this phenomenon.

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Source: X

The high-value transactions contributed a large part of the volume. Almost 59% of all the transfers that occurred in May were above $1 million. That is equivalent to roughly $411.2 billion in whale transactions alone. These whale transfers are an indicator that large investors are still flooding into TRON, making it one of the preferred platforms when it comes to high-value transactions.

TRON Dominates Stablecoin Market

Currently, TRON has more than $75.7 billion of USDT (TRC-20), which exceeds the amounts held by other blockchain networks. ERC-20 USDT on Ethereum is $71.4 billion. The market share of TRON in stablecoins makes it a leader in crypto infrastructure and adoption.

In the first half of 2025, 17 million USDT on the platform exceeded the mark of $1 billion. This rate is considerable and indicates the tendency towards further inflow of liquidity into the platform. TRON is poised to strengthen its position as the leader in the stablecoin market even further, with additional mints likely to occur over the year.

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Expanding Market Presence

Moreover, the transaction volume of the platform has soared. More than 10.5 billion transactions have been carried out on the network to date, a sure sign of increased usage and adoption. The network has been able to support a growing demand as more users rely on TRON to transfer stablecoins. This increase in on-chain activity shows the capability of the platform to scale and its high performance during such times.

AD 4nXdsHOO9TSByNn5jJ 9mCOm ezMZ5UUL2Ub6GuHAXRnW5v4ThjlDL5WxiORWRDq5ttQcx p77 oN64njwygHOP5Dvdq8bPQiVbVaEbT vrB1PXA Tcbm2ootBETSCRde7 3UQX43Wg?key=pYOCK RsfWg Ap6c2ZG5DQ

As it continues to expand and dominate, the platform is establishing itself as a key player in the dynamic cryptocurrency ecosystem. With the growing involvement of stablecoins, such as USDT, in the overall cryptocurrency environment, the history-making success of the platform indicates that the project has a bright future. The network will grow faster, and larger transfers and mints will lead to further adoption.

Related Reading: Circle’s USDC Now Live on XRPL: Instant Stablecoin Access Without Bridging

Filed Under: News, Tron News Tagged With: Crypto, Crypto Adoption, Crypto news, Cryptocurrency, stablecoin, tron, USDT

Circle’s USDC Now Live on XRPL: Instant Stablecoin Access Without Bridging

June 13, 2025 by Sheila

  • USDC is now live on XRP Ledger, enabling direct stablecoin access without any bridging.
  • Circle Mint and APIs support USDC on XRPL, enabling stablecoin liquidity for all users.
  • Over $2 million in USDC has already been issued on XRPL since its official mainnet launch.

USDC, the largest regulated stablecoin in the world, is now available on the XRP Ledger (XRPL), providing developers, institutions, and end users with direct, bridge-free access. Circle announced the launch, which adds the full support of Circle Mint and APIs to XRPL, extending the utility of both the stablecoin and blockchain network to global payments and decentralized finance.

USDC Integration Brings Seamless Stablecoin Transactions to XRPL

The official launch of USDC on the XRPL mainnet by Circle will allow businesses, fintech developers and individuals to access USDC liquidity without requiring bridging from other blockchains. Direct access to USDC is now possible via Circle Mint and Circle APIs enabling users to benefit from the XRPL’s high speed and security.

Real-time payments, cross-border transfers, and other financial applications can now be made with USDC through exchanges, payment platforms and wallet providers. To developers, Circle has ensured that testnet USDC is obtainable through the Faucet and has also created documentation to simplify the process of building DeFi products on XRPL. The migration will make USDC one of the core stablecoins on the XRPL ecosystem, alongside other assets like RLUSD, USDB and EURØP, and support a growing range of digital asset use cases.

One chain. Global adoption.

Now live on the XRP Ledger:
🔗 $RLUSD — @Ripple
🇺🇸 $USDC — @Circle
🇸🇬 $XSGD — @StraitsX
🇪🇺 $EURØP — @Schuman_io
🇧🇷 $USDB — @BrazaBank

The XRPL is ready for the builders, institutions and users who demand fast and compliant stablecoins:… pic.twitter.com/lnWjzfNlOl

— RippleX (@RippleXDev) June 12, 2025

Expanding Global Payment and DeFi Solutions on XRPL

USDC is directly integrated with the XRP Ledger which enables easier, low-cost, and immediate on-ramping and off-ramping between fiat and digital assets. Companies can now also make and receive settlements and remittances around the world using USDC. According to XRPL validator Vet, the company has already issued $2 million in USDC on the network, establishing a multi-signature issuer account with institutional compliance functionality.

For decentralized finance, the introduction of USDC enables developers to create trading platforms, lending protocols, and swaps directly on XRPL. The high transaction speeds and low costs facilitate high-volume transactions, increasing liquidity for institutional and retail clients. In addition to USDC, stablecoins RLUSD, EURØP and XSGD increase the appeal of the XRPL to global finance and on-chain applications.

XRPL’s Stablecoin Ecosystem Grows Amid Regulatory Progress

The XRP Ledger is developing as a center of regulated stablecoins and tokenized assets. The launch of USDC follows other stablecoin implementations. Regulatory developments, including the latest development and progress of the GENIUS Act in the United States Senate, accompany it. 

Recently, Ripple CEO Brad Garlinghouse estimated that XRPL would be capable of supporting a significant portion of worldwide payment flow and competing with legacy systems such as SWIFT.

Related Reading |  Crypto Whale Drops $2.48M on FARTCOIN Amid Listing Buzz 

Filed Under: News, Blockchain, Fintech, Industry Tagged With: Blockchain, circle mint, Circle USDC, stablecoin, XRPLedger

Stripe Acquires Privy to Power Seamless Crypto Wallet Integration for Developers

June 12, 2025 by Sheila

  • Privy powers over 75 million accounts across 1,000+ teams with embedded crypto wallets.
  • Stripe’s acquisition follows its $1.1B stablecoin firm Bridge purchase to boost crypto tools.
  • Privy will continue operating independently while integrating into Stripe’s crypto suite.

Stripe has agreed to acquire Privy, a provider of crypto wallet infrastructure, in a move designed to simplify digital asset onboarding for mainstream businesses. Privy, located in New York, is recognized for enabling apps and platforms to embed crypto wallets into user experiences seamlessly. 

The transaction’s terms remain undisclosed, but the deal is expected to close in the coming weeks. The acquisition follows Stripe’s recent $1.1 billion purchase of Bridge, a stablecoin infrastructure firm.

Privy’s technology serves as a key bridge between decentralized platforms and everyday users. Instead of forcing consumers to set up external wallets with providers like MetaMask or Coinbase, Privy enables embedded wallets within partner applications. OpenSea, the major NFT marketplace and platforms like Blackbird and Toku already use Privy’s services to enhance user engagement. 

3/ Privy abstracts that complexity away, making crypto feel like the rest of the internet:

✅ Simple
✅ Intuitive
✅ Instant

Today, we power 75M+ accounts across 1,000+ teams, enabling billions in transactions across wallets, apps, and users.

— Privy (@privy_io) June 11, 2025

According to Privy’s co-founder and CEO Henri Stern, “When we started, wallets were powerful but inaccessible for all but the most technical.” He added that eliminating off-platform wallet creation has boosted user conversion and reduced friction for new entrants to the crypto space.

Building a Unified Digital Asset Platform

Stripe’s integration of Privy comes as the payments company advances further into crypto and stablecoin-based services. With this acquisition, the company intends to provide a unified suite of tools for developers and businesses working on blockchain infrastructure. Patrick Collison, Stripe’s co-founder and CEO, stated, “With a unified platform, connecting Privy’s wallets to the money movement capabilities in Stripe and Bridge, we’re enormously excited to enable a new generation of global, Internet-native financial services.” 

Privy will continue to operate independently, but its wallet technology will become part of Stripe’s expanding crypto infrastructure. Founded in 2021 by Henri Stern and Asta Li Privy has seen rapid growth. The startup supports over 75 million accounts and has facilitated billions of dollars in transactions across more than 1,000 client teams. 

Investors in Privy include Ribbit Capital, Definition, Coinbase Ventures, Paradigm, and Sequoia Capital. According to Pitchbook, the firm was last valued at $230 million in March. As part of Stripe, Privy says it will have increased resources and flexibility to develop its wallet tools further.

Stripe’s Broader Crypto and Stablecoin Strategy

The Privy acquisition builds on the company’s revived interest in digital assets, especially stablecoins. Six years after withdrawing from crypto, Stripe returned by enabling USDC stablecoin payments for merchants. In recent months, Stripe launched stablecoin-funded accounts that let businesses move funds and pay vendors in over 100 countries. 

Co-founder John Collison noted that financial institutions are increasingly interested in integrating stablecoins into their products.

The global stablecoin market has seen rapid rise and is currently valued at more than $250 billion. Although traditional banks are still cautious, the company’s growth signals its aim to establish itself as a top provider of blockchain-based financial services for both fintech companies and large enterprises.

Related Reading |  XRP to Disrupt Global Finance Taking 14% of SWIFT Market by 2030

Filed Under: News, Blockchain, Fintech Tagged With: Crypto Developers, Crypto Wallets, Digital Asset Platform, Privy, stablecoin, stripe

TRON Sets New USDT Stablecoin Transfer Record at $691B

June 12, 2025 by Paul Adedoyin

  • TRON has reached a USDT transfer volume of $691B, dominating the stablecoin transfer volume globally.
  • In May, 27 whale wallets transferred $411B USDT in only 491 transactions.
  • TRON dominates the USDT supply, leaving Ethereum and other blockchain networks far behind.

TRON network has broken a record in USDT transactions after hitting a figure of $691 billion. This record shows the rise of stablecoins and USDT in particular, which is spearheading the trend of crypto adoption. The network is currently processing the highest number of USDT transactions relative to other blockchain platforms.

Whales’ USDT Transactions Soar on TRON

This update is via a post by Maarten, a prominent CryptoQuant analyst, who posted detailed charts from CryptoQuant displaying the influx in activity. One graph monitors the number of interactions per month and the value transferred when using USDT on TRON, showing a high of $694.5 billion in May and a minor decline in June.

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Source: X (@JA_Maartun)

It represents a particularly active time in terms of trading and transfers, with $411 billion of that amount belonging to large investors, so-called whales. A lot of this activity is being facilitated by these large actors.

27 whales facilitated more than half of the USDT volume on TRON in May, summing up to $411.2 billion across only 491 transactions.

The other chart displays the bigger picture of the transaction count of TRON over the years which is a gradual increase since 2018 to 2025. More than 10.5 billion transactions have been executed on the network. This figure is constantly increasing, in particular, with rising utilization of USDT.

TRON Leads in Stablecoin Dominance

Stablecoins, such as USDT, are playing a crucial role in cryptocurrency use by providing stability during fluctuations in the market. The success of TRON can also be confirmed by market capitalization: the network has the largest amount of this stablecoin in all chains at 75.7 billion USDT.

For comparison, it has $71.4 billion on Ethereum and $54.1 billion on other chains, as recent data shows. There have been also 17 mints of over $1 billion of USDT on the network this year, and that momentum is accelerating, since we are just halfway through 2025.

This increase is the indicator of a change in the use of crypto.

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Source: X (@JA_Maartun)

Related Reading |  XRP to Disrupt Global Finance Taking 14% of SWIFT Market by 2030

Filed Under: News, Altcoin News, Tron News Tagged With: Blockchain, Crypto Adoption, CryptoQuant, stablecoin, tron, TRON record, TRON USDT 2025, USDT, Whale Transactions

PayPal Upgrades PYUSD with Stellar for Global Payment Expansion

June 12, 2025 by Bena Ilyas

  • PayPal integrates PYUSD with Stellar to boost real-world payments, commerce, and global microfinancing, expanding beyond Ethereum and Solana.
  • The launch of PayFi offers instant PYUSD loans to small businesses via Stellar wallets, solving cash flow and receivables delays.
  • Stellar’s global reach across 170+ countries enables low-cost, near-instant remittances, especially in underserved markets like Africa and Asia.

PayPal is upgrading its stablecoin, PYUSD, to support real-world payments, commerce, and microfinancing by integrating with the Stellar blockchain, a network known for its speed, low fees, and scalability. This marks a major evolution in PayPal’s stablecoin strategy and a step toward expanding its digital currency footprint beyond Ethereum and Solana.

The Stellar network is engineered for speed, efficiency, and cross-border usability, processing transactions in seconds with near-zero costs. Its infrastructure spans 170 countries and includes digital wallets, local fiat on/off ramps, and seamless banking integration. This positions Stellar as a natural fit for PayPal’s ambition to bring stablecoin-powered payments to the masses, especially in emerging markets where traditional banking is either expensive or inaccessible.

According to Chris, a senior figure at PayPal familiar with the initiative, the integration with Stellar adds a powerful third rail alongside Ethereum and Solana. It opens the door for developers and businesses worldwide to leverage a more inclusive financial ecosystem powered by blockchain.

PYUSD is coming to @StellarOrg, reaching a broader group of developers and unlocking new opportunities for the stablecoin. More blockchains, greater access – and we’re not stopping now. pic.twitter.com/DDfpb9JBzM

— Alex Chriss (@acce) June 11, 2025

PayPal launches PayFi with PYUSD loans for small businesses

One of the most disruptive aspects of this partnership is the introduction of PayFi, a payment financing model designed specifically for small and medium-sized businesses (SMBs). The solution aims to resolve delayed receivables and pre-funding issues by allowing businesses to access instant working capital loans in PYUSD, directly deposited into Stellar wallets.

PayFi isn’t a trend — it’s a financial unlock.
Built on @humafinance, it brings future payments like invoices & payroll onchain, turning them into real, liquid yield.

✅ Trillions in volume
✅ Risk-adjusted returns
✅ Instant liquidity for businesses pic.twitter.com/aBcopUxIEN

— The man (@SirTrust001) June 11, 2025

These funds can be used to pay suppliers, manage cash flow, and handle inventory expenses. The instant settlement and transparency of blockchain provide operational efficiency not commonly found in traditional financial channels. In addition, liquidity providers can participate in the PayFi model and earn yields from real-world economic activity rather than speculative crypto trading.

May Zabaneh, PayPal’s VP of Blockchain, Cryptocurrency, and Digital Currency, emphasized that stablecoins represent one of crypto’s “killer apps”, offering the stability of fiat with the flexibility and speed of blockchain. He believes that the Stellar collaboration will push the utility of stablecoins beyond the speculative realm into everyday usage, especially in underserved regions.

Danelle Dixon, CEO of the Stellar Development Foundation, echoed the sentiment, asserting that Stellar’s infrastructure was built to bring fast, low-cost payments at scale. With a reach of over 170 countries, this partnership could transform PYUSD into a truly global financial tool for both consumers and merchants.

PayPal Taps Africa and Asia for PYUSD Remittance Expansion

To extend its reach, PayPal has already partnered with regional fintech enablers like Gebuana Lhuillier in the Philippines and Yellow Card in Africa, tapping into over 28,000 cash-in/cash-out locations. Analysts suggest this move could enable remittances at 80% lower fees than traditional players like Western Union or MoneyGram, an edge that could position PayPal as a major player in cross-border payments.

Despite its potential, PYUSD faces several hurdles. The New York Department of Financial Services (NYDFS) has yet to greenlight the expansion due to concerns over money laundering and consumer protections. Additionally, Stellar’s decentralized nature may clash with regulators’ preference for centralized control and compliance.

Market competition is also fierce. Circle’s USDC, backed by Goldman Sachs, currently holds over $50 billion in circulation and dominates stablecoin payments, while Tether’s USDT remains a global giant. PYUSD is entering a saturated market where network effects and trusted liquidity partners matter greatly.

Financial analyst Jim Cramer calls PayPal’s PYUSD push a high-risk, high-reward play. If regulators approve and SMBs adopt PayFi, shares could surge. But delays or poor adoption may turn it into a costly misfire. As PYUSD rolls out on Stellar, the crypto world watches closely.

Related | Toncoin (TON) Price Prediction: Chart Signals Breakout Toward $7+

Filed Under: News, Industry Tagged With: Bitcoin (BTC), Crypto, Cryptocurrency, CryptoPayments, Ethereum (ETH), PayFi, PayPal, PYUSD, solana, stablecoin

Hong Kong Pilots Chainlink Protocol for Cross-Border CBDC and Stablecoin Settlement

June 10, 2025 by Sheila

  • Chainlink enables atomic settlement for Hong Kong CBDC and Australian stablecoin pilot.
  • Hong Kong’s e-HKD pilot links permissioned and public blockchains via Chainlink’s CCIP.
  • Visa, ANZ, Fidelity collaborate on cross-border stablecoin tests in Hong Kong’s CBDC trial.

Hong Kong’s initiative for a central bank digital currency (CBDC) has progressed with the introduction of a cross-border pilot project. The Hong Kong Monetary Authority (HKMA) is collaborating with Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to evaluate secure transactions between the digital Hong Kong dollar (e-HKD) and a stablecoin pegged to the Australian dollar. 

This study, part of the e-HKD+ Pilot Program, unites international financial leaders such as Visa, the Australia and New Zealand Banking Group (ANZ), ChinaAMC, and Fidelity International. With the CCIP the e-HKD pilot utilises Chainlink to facilitate transactions across permissioned and public blockchains.

The project illustrates how an Australian investor can use a stablecoin pegged to the Australian dollar to purchase an asset tokenized in Hong Kong, with the final assets denominated in e-HKD. Visa’s report on the study confirms that the pilot explores the settlement process for these cross-border transactions making use of both the private DASchain and the public Ethereum Sepolia testnet.

Blockchain Interoperability Powers CBDC and Stablecoin Transactions

The pilot demonstrates Chainlink’s ability to connect different blockchain environments, allowing instant and secure settlement. In the test, the protocol allowed simultaneous transfer, known as atomic settlement, between ANZ’s A$DC stablecoin and Hong Kong’s e-HKD. This method lowers the risk of either party failing to deliver, which is a key concern in international payments.

The study assessed two common token standards: ERC-20 for the e-HKD and ERC-3643 for tokenized deposits. These features include those to support regulatory requirements, like identity verification, which is included in the latter. These elements aim to ensure that cross-border digital asset transfer is conducted securely and transparently.

image 122
Source: Chainlink

Chainlink’s CCIP delivered the messaging framework for the pilot, enabling data and value transfers across blockchains without conventional asset bridging. This innovation solves the challenges that financial institutions have in optimizing the movement of assets between private, controlled networks and public blockchain environments.

CBDC and Stablecoin Use Cases Set to Influence Global Finance

The HKMA began the second phase of its CBDC pilot in September 2024. Eleven corporate groups are exploring different use cases for the e-HKD, with final findings expected by late 2025. The project’s backers say tokenized real-world assets and stablecoins could boost global liquidity and transparency. Visa and industry analysts believe tokenized assets could reach a $10 trillion market size by 2030, while stablecoins may see a $3.7 trillion market by then.

These advancements also provided operational benefits and new opportunities, according to Emma Pecenicic of Fidelity International. According to Richard Schroder from ANZ, the pilot is designed to make cross-chain transfers seamless.

Additionally, Chainlink’s decentralized oracle network, which secures over $21 trillion in transaction value across more than 50 blockchains, remains a critical component of this cross-border digital asset exchange.

Related Reading |  CRCL Stock Surges 17% as Bitwise, ProShares File Bold Circle ETFs 

Filed Under: News, Blockchain, Industry Tagged With: Blockchain, Chainlink CCIP, Chainlink Protocol, Cross-Border CBDC, Hong kong, stablecoin

Uber Eyes Stablecoins to Cut Global Transfer Costs, Says CEO

June 7, 2025 by Mutuma Maxwell

  • Uber is currently studying stablecoins to improve the speed and reduce the cost of cross-border money transfers.
  • CEO Dara Khosrowshahi confirmed the company’s interest in stablecoins during the Bloomberg Tech Summit in San Francisco.
  • Uber views stablecoins as more practical than Bitcoin due to their price stability and real-world payment utility.

Uber is studying the use of stablecoins to improve cross-border money transfers. The company aims to reduce transaction costs and improve speed. CEO Dara Khosrowshahi confirmed the initiative during the Bloomberg Tech Summit in San Francisco.

Stablecoins Gain Momentum as Global Firms Seek Efficiency

Uber has identified stablecoins as a more practical alternative to traditional cryptocurrencies like Bitcoin. Stablecoins are fiat currencies or assets that are always meant to maintain a fixed value. As Uber operates in multiple countries, faster and cheaper transfers offer a major operational benefit.

Khosrowshahi asserted that stablecoins have practical applications other than storing value. Their use could also help large businesses smooth global transactions. This marks a shift in Uber’s crypto strategy, as it prioritizes usability over speculative value.

This isn’t the only firm that has taken to integrating stablecoins for similar purposes; we are witnessing other firms integrate these coins for similar purposes, too. For example, Stripe released a new AI solution with stablecoins in an effort to facilitate international transactions. These tools empower smooth and cheap transfers to businesses anywhere in the world.

Uber Prefers Stablecoins Over Bitcoin for Global Operations

While Bitcoin remains a widely recognized crypto asset, Uber has opted for stablecoins due to lower volatility and faster transaction speeds. Further, Khosrowshahi stressed that the company will not use Bitcoin as part of its treasury. Payed coin said he believes there is a clearer advantage for stablecoins in payment-related use cases.

Uber previously showed interest in cryptocurrencies but paused implementation due to high fees and environmental concerns. Global firms prefer stablecoins because they involve less energy consumption and better scalability. As a result, Uber sees a clearer path forward with these tokens.

Until then, any attempts at transactional use of Bitcoin are accompanied by the challenges of its value volatility, while stablecoins offer a far more predictable picture. However, stablecoins, as with all paper assets, are not necessarily as easy to transfer internationally as digital currencies. For this reason, global firms are both more likely and potentially more effective at taking up stablecoins when facilitating payments with other countries. However, as infrastructure improves and regulatory frameworks become clearer, this trend might speed up.

Regulatory Concerns Loom Despite Growing Use of Stablecoins

There is no finalized framework for regulating stablecoins in the U.S. that manufacturers can rely on. Congress has introduced the STABLE Act and the GENIUS Act, but their fate is unknown. President Donald Trump recently called for clear guidelines to govern the activity of stablecoins.

However, use of stablecoins, as others call such tokens, has been growing, and critics such as Bitcoin advocate Peter Schiff have raised concerns. Given the still ongoing legal ambiguity, he questioned their reliability. However, increasing interest in stablecoins has been recorded at different corporate levels across many sectors.

Stablecoin-based solutions are rising in global demand for fast, low-cost financial tools. Their long-term success may depend on the regulatory clarity. 

Filed Under: Altcoin News, News Tagged With: Bitcoin, stablecoin, Uber

Hong Kong’s Bold Move: Stablecoin Ordinance to Shape Global Crypto Markets

June 7, 2025 by Yahya

  • Hong Kong’s Stablecoin Ordinance requires businesses to obtain licenses before issuing stablecoins.
  • The ordinance aims to ensure a transparent and secure environment for stablecoin advertising and market operations.
  • Swift stablecoin regulation sets a global standard, positioning the region as a leader in digital asset markets.

Hong Kong has announced that the enforcement of the Stablecoin Ordinance will begin in August 2025. The official announcement indicates that, starting on August 1, 2025, businesses must get a license to issue Hong Kong dollar-backed stablecoins within the region.

In May 2025, the initial version of the ordinance was ready, yet it had to be fast-tracked because of the quick increase in digital currencies. The government wants to create a clear set of rules for managing all actions involving stablecoins. As a result, authorities hope to ensure that businesses and investors can operate in a safe and clear-cut manner.

Enhancing Market Transparency

Christopher Hui, Hong Kong’s Secretary for Financial Services and the Treasury, pointed out that introducing a licensing system will help supervise the stablecoin market. With the ordinance, only companies with a license will be allowed to advertise stablecoins, which should cut down on the risk of fraud and guarantee more open promotions. Hui stated that such a regulatory approach is necessary to help the digital asset sector evolve positively in the region.

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The government will submit two notices to the Legislative Council on June 11, 2025, as a prelude to enacting the ordinance. These notices mark the start of the process to create a final version of the bill and approve it. Once implemented, this law will bring structure to the field of stablecoins, which should improve Hong Kong’s place among global digital asset centers.

Hong Kong’s Regulatory Leadership

There are also sections of the ordinance that focus on qualified investors. Such investors may issue stablecoins without being licensed, as long as they follow specific criteria. Although clearly outlined rules cover institutional investors, there is still uncertainty about whether retail investors will follow the same regulations or be given the option to issue stablecoins on their own. The government has not provided additional details about these issues for small investors.

Hong Kong is leading the way among Asian markets with its quick regulation of stablecoins. Recently, South Korea has begun considering the release of stablecoins linked to the Korean won. Hong Kong’s fast action gives it an advantage globally, as it ensures that its crypto market is properly regulated and primed for further progress.

The adoption of the Stablecoin Ordinance should create a safe and transparent environment for businesses and investors. It helps develop the cryptocurrency market in the region and strengthens its position worldwide.

Related Reading: Cardano (ADA) Faces Downside Pressure, Needs Break Above $0.68 to Bounce Back

Filed Under: News Tagged With: Crypto, Crypto news, Cryptocurrency, digital asset, Hong kong, stablecoin

Is an Altcoin Season Coming? Key Indicators Show Promising Signs for a Rally

June 4, 2025 by Arslan Tabish

  • Altcoin Dominance excluding stablecoins at 24-25% often signals the start of a potential Altcoin Season.
  • Excluding Ethereum from Altcoin Dominance shows strong support at 18%, a critical level for altcoin growth.
  • Historical patterns suggest that an Altcoin Season is likely if these dominance levels remain steady or increase.

A potential altcoin season could be on the horizon, as leading market indicators are giving hopeful signs. Two key measures being examined by analysts are Altcoin Dominance minus stablecoins and Altcoin Dominance minus Ethereum (ETH) as well. These indicators in the past have been a signal for the start of Altcoin Season, where Altcoins gain more value than Bitcoin and stablecoins.

Altcoin Dominance without stablecoins should be one indicator you keep an eye on. In history, this indicator has often received strong support when it reaches about 25%. Whenever dominance ranges between 24% and 25.3%, it usually indicates that altcoins will start doing well. At this time, altcoins usually took a bigger piece of the market while Bitcoin and stablecoins played a smaller role. Since the pattern is occasionally seen, it suggests the same may happen to altcoins soon.

Source: X

Ethereum Exclusion Signals Growth for Altcoins

Altcoin Dominance that excludes both Ethereum and stablecoins is another major indicator. This measure has regularly found strong support at 18%. Ethereum has regularly played a part in helping Bitcoin maintain its lead. As people focus less on Ethereum, altcoins often gain in the market. When Bitcoin’s dominance fell below 18%, the market share of other cryptocurrencies went up rapidly.

Although these levels do not guarantee when Altcoin Season starts, they can point to important patterns from before. If both stocks and digital currencies experience downturns, they often result in Altcoin Seasons. As it seems likely that similar movements might happen again, looking for these signals early on can help identify a possible rally in altcoins.

AD 4nXfg0NnvHI2dHO08bo15w4PDwKa5rnWnQ0Y9Huetf2O4Uba 7GX0cD36Yv5d6ewAm32

Source: X

Indicators Signal Possible Altcoin Season Ahead

Right now, people in the market are watching these ratings to predict if an Altcoin Season is approaching. A steady or increased movement in the indicators may cause major changes in the altcoin market. Traders are closely observing any weakening in Bitcoin, hoping it could make way for other coins to be more popular.

At this stage, investors must closely watch these important indicators. If things stay as they usually have in terms of dominance, altcoins could start outperforming Bitcoin and stablecoins. The signs for an Altcoin Season are rising and people who respond to them may make good gains.

It’s not possible to know exactly when an Altcoin Season will happen, but these previous patterns can inform us a lot. As circumstances change in the market, these indicators support good investment decisions and inform what’s to come for the altcoin market.

Read More: Ethereum’s Critical Support Zones: Will $2,400 Hold or Lead to Further Losses?

Filed Under: News, Altcoin News Tagged With: altcoin, Bitcoin, Crypto news, Ethereum, stablecoin

Stablecoin Regulation Could Bring Trillions to U.S. Treasury

May 22, 2025 by Bena Ilyas

  • David Sacks claims the GENIUS Act could unlock trillions in demand for U.S. Treasuries by providing regulatory clarity for stablecoins.
  • The bill aims to preserve U.S. dollar supremacy globally by enabling faster, secure, and dollar-backed digital payments.
  • Critics warn of conflicts of interest, citing Trump-linked stablecoin USD1 and foreign investments as ethical red flags.

Stablecoin advocate David Sacks, the White House’s senior advisor on cryptocurrency and AI under President Donald Trump, has backed a proposed stablecoin bill, touting it as a potential multi-trillion-dollar windfall for the U.S. Treasury.

Speaking in a nationally televised interview on Wednesday, Sacks described the GENIUS Act, short for Guiding and Establishing National Innovation for U.S. Stablecoins, as a transformative national economic strategy.

White House crypto czar David Sacks says stablecoin bill will unlock 'trillions' for U.S. Treasury https://t.co/SfOw09ZRAq

— CNBC (@CNBC) May 21, 2025

“If we provide the legal clarity and legal framework for this, I think we could create trillions of dollars of demand for our Treasuries practically overnight,” Sacks declared, making one of the most aggressive cases yet for stablecoin regulation from a top U.S. official.

The bill, which cleared a major hurdle in the Senate this week with a bipartisan 66-32 cloture vote, would establish strict federal standards for stablecoin issuers. Under its provisions, every token must be fully backed by transparent, liquid reserves, including cash or U.S. Treasury bonds, ensuring the “stability” of stablecoins that mimic the value of fiat currencies.

While stablecoins like Tether have already facilitated a staggering $28 trillion in transactions last year, exceeding even Visa and Mastercard, the U.S. has so far lacked a federal framework to govern their issuance and use. The GENIUS Act seeks to change that, ushering in a regulatory regime that supporters say could strengthen the dollar’s grip on the digital economy. Sacks, in no uncertain terms, positioned stablecoins as the future of global payments.

“This is more than just crypto. It’s about preserving the U.S. dollar’s dominance in a digital world,” he said. “We’re talking about a faster, cheaper, more secure payments system built directly on the dollar, not against it.”

GENIUS Act Faces Heat Over Trump Linked Stablecoin

But not everyone is convinced. The bill’s momentum has ignited a fierce ethical and political backlash, especially over the Trump family’s deepening ties to the crypto industry.

One focal point of concern is USD1, a stablecoin launched by World Liberty Financial and publicly backed by Donald Trump Jr. USD1 is collateralized entirely by dollar deposits and U.S. Treasuries, precisely the kind of asset class that would be legitimized and protected under the GENIUS Act.

Earlier this month, MGX, an Abu Dhabi-based investment fund, routed a record-setting investment of USD 1 through Binance, the world’s largest cryptocurrency exchange. The move triggered alarm bells across Washington, with critics warning that the bill could serve as a fast track for foreign money to enter a Trump-aligned financial vehicle — and potentially the Trump family’s own pockets.

Senator Chris Murphy was blunt in his criticism: “The Senate has a chance, right now, to shut down Trump’s biggest crypto corruption scheme. The bill, as it stands, gives the president a free pass from ethics rules.”

The Senate has a chance – right now – to shut down Trump's biggest crypto coin corruption. The pending bill in the Senate regulates a kind of crypto called "stablecoin", but exempts the President from the ethics rules. We shouldn't pass that bill unless that loophole is closed. pic.twitter.com/eHLeCdBV9m

— Chris Murphy 🟧 (@ChrisMurphyCT) May 21, 2025

Senator Elizabeth Warren echoed the warning, demanding the inclusion of stronger ethics protections in the bill to ensure that no elected official, past or present, can profit from its passage.

“This isn’t just about stablecoins; it’s about the integrity of our institutions,” Warren said. “Without clear guardrails, we’re opening the door to corruption on a historic scale.”

Despite the mounting opposition, the bill’s supporters are pressing forward. They argue that regulation is overdue and that failing to act could leave the U.S. dollar vulnerable in an increasingly digital and decentralized world.

Bitcoin Booms, But All Eyes on Stablecoins

While Bitcoin continues to surge, hitting a new high of currently trading at $110,761, many analysts say the real battle lies in the realm of stablecoins, not speculative assets.

BTC 1D graph coinmarketcap 31

Stablecoins, unlike their volatile crypto cousins, are pegged to real-world assets and designed for stability, making them ideal for everyday transactions and institutional adoption. Tether currently dominates the space, controlling over 60% of the market, with U.S. securities firm Cantor Fitzgerald serving as its banking partner.

If the GENIUS Act becomes law, it could open the door for a new generation of government-compliant stablecoins, potentially remapping the global payments landscape.

Sacks believes this could be a game-changer not just for crypto but for U.S. economic security in the 21st century.

“Stablecoins let us export the dollar at the speed of the internet,” he said. “It’s a chance to embed U.S. financial strength into the code of the global economy.”

As the Senate prepares for a final vote, the world watches closely. What began as a wonky piece of financial legislation may now be the most consequential crypto law ever debated and possibly the most controversial.

Related | Uniswap Hit with Lawsuit Over DEX Tech: Is Its Core Model at Risk?

Filed Under: News, Altcoin News Tagged With: Bitcoin (BTC), Crypto, Cryptocurrency, stablecoin, White house

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