News Explorer — Visa-Funded Study Shows Stablecoins Growing US Dollar Adoption Overseas

Generated by AI, curated by humans

Sep 12, 9:16 pm

Decrypt

Visa-Funded Study Shows Stablecoins Growing US Dollar Adoption Overseas

A new report sponsored by Visa reveals that stablecoins are increasing the dominance of the U.S. dollar in countries where access to the currency is limited. Stablecoin adoption is rising independently of crypto market cycles and is being used as a monetary instrument for purposes unrelated to digital asset trading. Stablecoin volumes reached $461 billion in August, surpassing any point from the 2021 bull market, indicating their growing popularity.

A new report sponsored by Visa reveals that stablecoins are increasing the dominance of the U.S. dollar in countries where access to the currency is limited. Stablecoin adoption is rising independently of crypto market cycles and is being used as a monetary instrument for purposes unrelated to digital asset trading. Stablecoin volumes reached $461 billion in August, surpassing any point from the 2021 bull market, indicating their growing popularity.

Latest

Jun 8, 7:46 pm

Decrypt

Bernstein Analysts See Bitcoin Decline as a Shift Towards Institutional Stability Over Retail Speculation

Bitcoin has experienced a 27% decline in 2026 due to reduced inflows, with retail investors shifting focus to AI stocks.... Read Summary

Jun 8, 6:08 pm

Decrypt

FTX Fraudster Sam Bankman-Fried Seeks Presidential Pardon

FTX founder Sam Bankman-Fried has formally applied for a presidential pardon after being convicted on fraud and conspira... Read Summary

Jun 8, 4:51 pm

Protos

HTX Delists USD1 Stablecoin Amid Justin Sun's Dispute With Trump-Backed World Liberty Financial

The feud between Justin Sun's HTX and World Liberty Financial has intensified with the delisting of USD1, following allegations of coercion and defamation. Read Summary

Jun 8, 5:27 pm

Decrypt

Bitcoin Giant Strategy's Future Hinges on Cash Reserves, Says JPMorgan

JPMorgan analysts believe Strategy's future now depends on its cash reserves, as recent Bitcoin sales have impacted inve... Read Summary

Jun 8, 4:23 pm

Decrypt

Zcash Begins Rebounding Amid Plan to Verify Counterfeit Coins Weren't Minted

Zcash's market cap recovered to $7.5 billion after a proposal for the "Ironwood" upgrade was introduced to address a cri... Read Summary

Jun 8, 3:18 pm

Decrypt

Tom Lee's BitMine Bought $214 Million Worth of Ethereum, Boosting Its Treasury to $9.3 Billion

BitMine Immersion Technologies recently made its largest ETH purchase of 126,971 ETH, worth around $214 million. The fir... Read Summary

Jun 8, 3:04 pm

Techcrunch

SBF Applies for Trump Pardon

FTX co-founder Sam Bankman-Fried, currently serving a 25-year prison sentence for fraud and money laundering, has applie... Read Summary

Jun 8, 1:46 pm

Decrypt

Strategy Resumes Bitcoin Buys, Pads Cash Reserve to $1B

Strategy purchased 1,550 BTC for $101 million, increasing its stockpile to 845,256 Bitcoin worth $53.3 billion. Despite... Read Summary

Jun 8, 8:19 am

Coindesk

CME's Bitcoin Volatility Index Futures Provide a Direct Way for Traders to Hedge Price Turbulence

CME recently introduced Bitcoin volatility index futures, allowing traders to speculate on price turbulence directly. DV... Read Summary

Jun 5, 4:46 pm

Coindesk

BlackRock-Backed Securitize Approved for Merger With Cantor SPAC

Securitize, backed by BlackRock, received SEC approval for its merger with a SPAC, moving closer to becoming a publicly... Read Summary

Jun 5, 4:15 pm

Decrypt

Bitcoin Falls Below $60K for First Time Since 2024 as Rate Hike Fears Grow

Bitcoin dropped below $60,000, down 6% in a day and 18.5% in a week. Ethereum and Solana also experienced significant losses, with Ethereum down 23% and Solana falling 22% in the last seven days. Read Summary

Jun 5, 3:52 pm

Decrypt

U.S. Rep. Brad Sherman Opposes Government Stablecoin Payments Due to Potential Tax Evasion Concerns

During a House hearing, U.S. Rep. Brad Sherman criticized the idea of government stablecoin payments, arguing they could... Read Summary

Jun 5, 3:05 pm

Coindesk

Sen. Alsobrooks Demands Resolution of Ethics Issues Before Supporting the Clarity Act

Sen. Angela Alsobrooks has linked her support for the Clarity Act to the resolution of ethics provisions and other outst... Read Summary

Jun 5, 1:10 pm

Decrypt

Crypto Perps Giant Hyperliquid Warned by UK's Financial Conduct Authority

The UK's Financial Conduct Authority issued a warning about Hyperliquid and Hyper Foundation offering financial services... Read Summary

Jun 5, 12:03 pm

Protos

Nova Labs CEO Departs After Selling Off Helium Mobile Crypto Wireless Service

Helium network founder Nova Labs has lost its CEO, with Amir Haleem announcing his departure this week. The company face... Read Summary