With the near passage of the Genius Law and a large number of companies that announce Stablecoin initiatives, stablecoin assets have been in a tear.
Circle, an emitter of the USDC, has seen its shares increase around 500% since its debut on June 5. This week, the company was valued in the amazing amount of $ 77 billion, which is well above the total USDC market limit in itself. (around $ 62 billion).
The bullish signals for Stablecoins were everywhere:
CRCL is now the most popular foreign action in South Korea.
The main station of Stablecoin, Tether, has both spare effective that can be allowed to have a determining participation in Juventus, an Italian football team.
Coinbase, which actually earns more money from the USDC than Circle, has seen that its shares rise to its highest level in four years.
Even the stablecoins backed by the euro, for a long time, a forgotten cousin of USD coins, are increasing. Combined, they have risen 44% in the year, led by Circle’s ERC.
Stablecoins are the “silent winners” of prediction markets such as the Polymarket market.
Etc.
Traditional payment giants, such as Mastercard and Visa, have been responding to Stablecoin Mania making an avalanche of their own ads. Mastercard announced new links with Moonpay, Chainlink and Kraken this week.
In the midst of all Stablecoin news, we still had space for many other issues.
Sei also emerged (although in Stablecoin News).
The Federal Reserve officially said that Crypto no longer carried “reputation risks” for banks, letting them provide all the financial services they want for cryptographic companies.
World Liberty Financial, the Trump family vehicle, reversed a promise to make your token not transferable.
In the summer months, sometimes nothing is happening. Not this year; Crypto does not expect anyone.
