With the passage close to Genius And a multitude of companies announcing Stablecoin initiatives, the assets linked to the stable reserve were in tears.
Circle, USDC transmitter, has seen its shares increase by around 500% since its inception on June 5. This week, the company was assessed at a Staging 77 billion dollarswhich is well above the total market capitalization of the USDC itself (about $ 62 billion).
Stablecoins’ bruise signals were all around:
CRCL is now the most Popular foreign stock in South Korea.
The main stablecoin transmitter, Tether, has so much spare money that he can afford to have a Determining tray in JuventusAn Italian football team.
Coinbase, which actually earns more money from the USDC than from the circle, saw its stock rise to its The highest level in four years.
Even the stablecoins supported by the euro, a long time a forgotten cousin of USD parts, are booming. Combined, they increased by 44% over the year, led by Circle’s Eurc.
Stablecoins are the “silent winners” of prediction markets like polymarket.
And so on.
Traditional payment giants, such as Mastercard and Visa, responded to the stablecoin mania by making a flooding of their own announcements. Mastercard has announced new links with Moonpay, Chainlink and Kraken this week.
In the midst of all the news of Stablecoin, we always had space for many other subjects.
BE also leap (although on Stablecoin news).
The federal reserve officially declared that the crypto no longer wore “Risks of reputation” for banksLet them provide all the financial services they wish to cryptographic companies.
World Liberty Financial, Trump’s family vehicle, has reversed a promise to make its Non -transferable token.
During the summer months, it may sometimes seem that nothing happens. Not this year; Crypto is waiting for no one.