stablecoin

Crypto veteran Arthur Hayes isn’t holding back — according to him, Circle, the company behind the stablecoin USDC, may be facing a serious threat. The reason? A group of Wall Street’s biggest banks is reportedly considering a joint stablecoin initiative. And it’s all unfolding just as the GENIUS Act — key U.S. stablecoin legislation — moves through the Senate.
“Goodbye, Circle. Thanks for playing,” Hayes wrote with a touch of irony, suggesting that USDC’s dominance may soon come to an end.

🔹 Wall Street Giants Eye a Stablecoin of Their Own
According to The Wall Street Journal, banking heavyweights like JPMorgan Chase, Wells Fargo, Bank of America, and Citigroup are exploring the idea of launching a jointly-backed U.S. dollar stablecoin. Their plans appear to be accelerating now that the GENIUS Act is gaining traction in Congress.
Meanwhile, Circle is facing some pressure — the USDC peg has recently slipped slightly to $0.9987 — and major banks are sensing a golden opportunity in the fast-growing stablecoin market.

🔹 Circle in Sale Talks? Ripple and Coinbase in the Mix
Interestingly, Circle may already be seeking a way out. Behind the scenes, it is reportedly in talks with Ripple and Coinbase about a potential acquisition. What’s most valuable to them? Circle’s user base, its deep integration into DeFi applications, and the vast on-chain liquidity behind USDC.
Hayes and other analysts agree: the true value of USDC lies not just in its 1:1 peg to the dollar, but in its central role in decentralized finance.

🔹 Why Now? For Banks, It’s a Now-or-Never Moment
Wall Street sees digital currencies as both a threat and an opportunity. If banks don’t adapt, they risk losing ground in payments and deposits — two areas already being disrupted by big tech and crypto players. Meanwhile, French bank Société Générale is preparing to launch its own U.S. dollar-backed stablecoin on Ethereum.
The GENIUS Act could be a turning point. If passed, it would give both banks and licensed non-bank entities the green light to issue stablecoins — while restricting public companies outside the financial sector.

🔹 A New Era of Payments?
A stablecoin backed by major banks could revolutionize fast, low-cost cross-border payments, allowing traditional institutions to reclaim control over digital financial flows — territory that crypto firms have dominated in recent years.
The only question now: Can Circle survive the storm, or are we truly about to hear a final “Bye bye, Circle”?

#Circle , #USDC , #stablecoin , #ArthurHayes , #defi

Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

A new force has entered the stablecoin arena — USD1, launched by World Liberty Financial Inc. (WLFI) in March 2025, and it's making waves. Pegged 1:1 to the US dollar and backed by short-term US treasuries and cash equivalents, USD1 is built for stability, speed, and serious institutional power.

Here’s what makes USD1 thrilling:

Institutional-Grade Backing: USD1 is backed by real-world assets and secured by BitGo, a titan in crypto custody. It's not just “another stablecoin” — it’s designed for cross-border deals and major players.

Politically Charged Origins: WLFI, inspired by none other than President Donald J. Trump, isn't afraid to mix bold vision with DeFi. Love it or hate it — you can’t ignore it.

Explosive Growth: In just over a month, USD1 hit $2.1 billion in market cap, thanks to its headline-making role in a $2B Binance–MGX deal announced at TOKEN2049 Dubai. That’s right — USD1 is already moving mountains.

Multi-Chain Ready: Built on Ethereum and BNB Chain, with more chains coming soon, USD1 is geared for maximum reach and integration.

Now on Binance: As of May 22, 2025, USD1 is live on Binance, trading against USDT and ready to take its place among the crypto elite.

But wait... it’s not all smooth sailing.

Transparency Woes? Unlike USDT or USDC, WLFI hasn’t yet published public reserve breakdowns.

Political Ties may raise eyebrows and shape adoption.

Still — USD1 isn’t here to play it safe.
It’s here to disrupt, dominate, and define the next chapter of DeFi.

Will you watch from the sidelines — or ride the USD1 wave?

#USD1 #stablecoin #TrumpTariffs #Write2Earn

The U.S. Senate has passed the GENIUS bill with a strong bipartisan vote of 66 to 22 – signaling widespread support for stablecoin regulation across party lines. While supporters hail it as a crucial step toward consumer protection and market stability, critics warn that the bill may favor large corporations at the expense of small startups and innovation.

🔹 What Does the GENIUS Act Actually Bring?
Supporters argue that this legislation could help prevent disasters like the 2022 collapse of Terra Luna, which led to billions in losses. The bill requires stablecoin issuers to hold 100% of reserves in secure assets such as cash or U.S. Treasury bonds, ensuring users’ funds are fully backed.
In addition:

🔹 Issuers managing over $50 billion must publish monthly reserve disclosures,

🔹 They are subject to annual financial audits,

🔹 In the event of bankruptcy, everyday users get repayment priority.
Proponents say this creates trust, transparency, and forces companies to compete on quality rather than hype.

🔹 The Critics: Helping the Powerful, Hurting the Rest?
Not everyone is cheering. Critics like Senator Elizabeth Warren warn the law could open doors for political manipulation. For instance, the bill doesn’t directly address Trump’s $1 stablecoin, issued by a crypto firm linked to the former president. Warren claims this opens the way for anonymous buyers, foreign governments, and major corporations to bypass regulations and receive unfair political advantages.
Startups also voice concern. The bill demands stablecoins be issued through separate subsidiaries, meet strict liquidity standards, undergo constant audits, and comply with detailed marketing limits. For smaller teams or international developers, it might be too much to handle – effectively shutting them out of the U.S. market.
And if only a handful of giant firms dominate stablecoins, we could see less product diversity, fewer choices for users, and concentrated market power in just a few hands.

🔹 Balancing Safety and Innovation
The GENIUS Act is undeniably a landmark move toward regulating the U.S. stablecoin space – it’s the first time such assets will be governed under federal law. But the question remains: who will this law truly serve?
Supporters hope it will attract responsible investors and foster long-term growth. Critics fear overregulation could choke innovation, entrench the current giants, and exclude emerging players. They also warn that even if companies follow the rules on paper, bad actors could still abuse the system – with even bigger consequences next time.

📌 The GENIUS Act is a major first step in creating a regulated stablecoin framework. But whether it moves America forward, backward, or sideways depends on how it’s enforced, how it evolves, and who it ultimately empowers.

#USPolitics , #CryptoNewss , #Cryptolaw , #Regulation , #stablecoin

Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“