The Senate failed to advance the GENIUS Bill revised on Thursday, as some legislators claimed they had not seen the text of the bill. A day later, the draft was published, revealing significant changes:
⚫ U.S. jurisdiction would now apply to foreign issuers of stablecoins like Tether if they provide services to U.S. users. ⚫ The definition of digital asset service providers is expanded to include developers, validators, and self-custody wallet providers. ⚫ The Treasury obtains limited safe harbor authority, with broad powers in 'urgent circumstances'
A new vote on the bill may take place later this month.
The volume of stablecoin transactions reached a record of 1.82 trillion dollars last month. According to a16z, unlike previous increases related to speculative trading, the current growth appears to be driven by organic real-world use, even as the overall volume of cryptocurrency trading remains volatile.
⚠️I was tracking SYRUP just 3 minutes before its Binance listing...
🔍Before it went live, I searched its price on Google — it showed $0.14.
📉Right when Binance listed it, the price exploded to $1 within seconds. That’s more than a 6.5x surge in a flash. Then, as expected, it corrected back to around $0.35 and now it’s sitting at $0.20.
🦅This kind of movement fascinates me. These microcaps can go wild when they get listed. But it also raises a question...
🤔Where can we find these coins early — before they hit Binance? Do you guys use any specific platforms, DEXs, or launch trackers?
Also — will something similar happen with SXT (Space and Time)? It’s being listed soon, and I’m curious if we might see the same type of spike.
Let me know what you think — and where you’re tracking these early gems. I’m all ears.
The USDT stablecoin (Tether) has become a key tool for millions of Latin Americans facing high inflation and currency controls. Its 1:1 parity with the dollar allows for the protection of purchasing power, evading restrictions to buy foreign currency, and making instant payments. Between July 2023 and June 2024, Latin America received nearly 415 billion dollars in cryptocurrencies, with a year-on-year growth of over 40% in the use of stablecoins in retail transfers, according to Chainalysis data.
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Kyrgyzstan will launch a stablecoin backed by gold, USDKG, in the third quarter of 2025, pegged 1:1 to the US dollar and backed by 500 million dollars in gold reserves.
The over-collateralized token aims to boost payments and cross-border remittances, with plans to increase reserves to 2 billion dollars and expand from Central Asia to Southeast Asia and the Middle East.
We are not going to live and invest in the Maldives!!!
Maldives will build a $9 billion cryptocurrency center to attract investments, according to a report.
Government officials hope that this measure can attract foreign investment to the Maldives, diversify its income sources, and relieve its debt.
The Maldives government signed an agreement with MBS Global Investments, a family office based in Dubai, to develop a $9 billion cryptocurrency and blockchain center in Malé, the capital of the South Pacific archipelago nation.
Latam has not yet taken the full step to enter the new era of crypto, but little by little, perhaps in a few years it will be like going to a minimarket and buying a Coca-Cola with USDT. $BTC #StablecoinPayments
Predictions for the price of Bitcoin in 2025 range from $122,000 to $700,000, with most funds and leading analysts forecasting between $200,000 and $250,000, approximately 1.5 times the current levels. #BTC #BinanceAlphaAlert $BTC
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