🌐 Stablecoin Updates (As of July 03 2025)
1. 🎉 GENIUS Act Passed U.S. Senate (June 17 2025)
U.S. Senate approved the GENIUS Act (68-30), creating the first federal stablecoin framework with 100% reserves and AML/KYC rules. Awaiting Trump’s signature this summer!
2. 💰 Global Stablecoin Market Hits $260B
Stablecoin market cap reaches $260B, up from $5B in 2019, with $35T in on-chain volume in 2024, led by USDT ($157.7B) and USDC ($61.05B).
3. 🇭🇰 Hong Kong Launches First Stablecoin Rules
Hong Kong introduces the world’s first stablecoin regulations, attracting JD.com and Ant Group, boosting its crypto hub status.
4. 📈 Stablecoin Issuers Earn $10B
Stablecoin issuers rake in $10B, with projections of a $2T market cap by 2028 if regulations stay supportive.
5. ⚠️ EU Tightens Stablecoin Oversight
EU ramps up stablecoin monitoring to block sanctions evasion, while UAE fines a bank branch $5.9M for AML breaches.
6. 🚀 Ripple’s RLUSD Reaches $469M
RLUSD, launched Dec 2024, hits $469M market cap, targeting cross-border payments and challenging USDT/USDC.
7. 💼 Big Banks & Tech Jump into Stablecoins
Visa, Mastercard, JPMorgan, Amazon, Walmart, and PayPal (since 2023) explore stablecoin issuance, driven by GENIUS Act for low-fee, instant payments.
💬 Which stablecoin excites you most? Drop a comment below!
🌟 Follow for more crypto insights!