Author: NBTC
The rise of non USD stablecoins marks a powerful shift in the global crypto landscape. Investors now explore alternatives beyond dollar-backed assets. New data reveals strong growth in supply and user adoption. This trend signals changing preferences across global markets. A recent study by Dune and Visa highlights this transformation. The supply of non USD stablecoins reached nearly 1.2 billion dollars in February. This figure reflects a sharp 70 percent increase since January 2023. At the same time, the number of unique holders surged dramatically. The report shows a massive 2900 percent jump in users, reaching 1.2 million holders. This…
The U.S. Department of the Treasury has formally begun implementing the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, releasing its first notice of proposed rulemaking (NPRM) and opening a 60-day public comment period. The 87-page proposal outlines how the Treasury will determine whether state-level stablecoin regulatory regimes are “substantially similar” to the federal framework—a key threshold allowing smaller issuers to remain under state supervision. Under the GENIUS Act, stablecoin issuers with less than $10 billion in outstanding supply can opt for state-level regulation, provided those regimes meet or exceed federal standards. The proposed rule establishes broad principles…
Phong Le, president and CEO of Strategy, who oversees both the enterprise analytics business and the corporate Bitcoin treasury operations, sold 3,299 shares of the company’s Class A common stock this week, according to a recent SEC filing. The shares were sold at an average price of $138, generating more than $456,000 in proceeds. Le also disclosed the acquisition of 7,320 MSTR shares through the exercise of restricted stock units. Strategy ended Wednesday up 2% at $139. The stock slipped 2% at market opening on Thursday and has fallen 8% so far this year, per Yahoo Finance. The Virginia-based software…
The prediction markets boom is drawing in some of the biggest names on Wall Street, and it is catching the eye of federal enforcers. America’s top commodities regulator, the Commodity Futures Trading Commission (CFTC), through a speech by its director of enforcement, put the industry on notice on Tuesday that insider trading laws apply in prediction markets, directly rebuking a growing assumption in the sector. The warning comes as JPMorgan Chase hinted that it was weighing a potential entry into the space, with crypto venture firm Paradigm reportedly building a dedicated trading terminal for prediction market professionals. Why is the…
Wallet in Telegram, the crypto asset management tool built into the Telegram messaging platform has teamed up with decentralized exchange Lighter to bring perpetual futures to over 150 million users, the team announced Thursday. Integrated directly into Crypto Wallet, users can now open leveraged long and short positions on 50-plus crypto and real-world assets, including Bitcoin, Ethereum, Toncoin, oil, gold, stocks, and ETFs, with up to 50× leverage. Retail users have long faced barriers to perpetual trading due to complex interfaces and the need to transfer funds to specialized exchanges. According to Andrew Rogozov, founder and CEO of The Open…
Strategy (formerly MicroStrategy) has slashed its $20.33 billion $STRK at-the-market (ATM) offering on March 22 after selling just 5% of its 269.8 million share goal. The bitcoin (BTC) treasury company has slashed the number of authorized $STRK shares by 85% from 269.8 million to 40.3 million, and has sold only 14.02 million. Switching focus, the company simultaneously quadrupled authorized shares of its quasi-pegged preferred, STRC, as well as a massive increase of its MSTR common stock ATM. The market barely noticed. Strategy’s own X account announced the filing by trumpeting new $21 billion STRC and $21 billion MSTR authorizations. It…
Following the US GENIUS Act, there are new developments regarding the highly anticipated Clarity Act (CLARITY), a bill that will regulate the cryptocurrency market. The release of the draft text, which was expected this week, has been postponed. This development comes amid intense ongoing negotiations between representatives of the cryptocurrency sector and traditional finance. While the Clarity Act remains a major topic of discussion in the US, Coinbase has issued a new statement. Speaking to Fox Business, a US media outlet, Coinbase Chief Legal Officer (CLO) Paul Grewal stated that they are close to reaching an agreement regarding stablecoin interest…
A new data point attracting attention in the cryptocurrency market points to a potential shift in investor behavior. According to an assessment shared by Amr Taha, an analyst at the onchain analytics platform CryptoQuant, the increase in stablecoin reserves on the Binance exchange indicates that spot buying demand may be strengthening. The analysis indicated that Binance’s Ethereum holdings have fallen to 3.3 million ETH, the lowest level since February 2024. Similarly, its Bitcoin reserves have decreased from 670,000 $BTC to 636,000 $BTC. This is interpreted as a decrease in the supply of crypto assets available for sale on the exchange.…
A Bank of Canada staff paper found that Aave V3 reported zero non-performing loans in 2024, with overcollateralization and automated liquidations helping prevent lender losses in its Ethereum lending market. Using transaction-level data from Jan. 27, 2023, to May 6, 2025, the study found that positions were typically liquidated before collateral values fell below outstanding debt, helping contain lender losses across the sample. But the model came with a tradeoff, the paper said. While it protected lenders from unrecovered losses, it also shifted risk onto borrowers and constrained capital efficiency compared with traditional lending systems. According to the paper, Aave…
In today’s newsletter, Claudia Marcela Hernández analyzes how stablecoins have evolved past volatility-fixers to become the foundational settlement asset for global tokenized markets and cross-border payments, following the clarity provided by the GENIUS Act. Then, in Ask an Expert, Morva Rohani breaks down how stablecoin regulation serves as a foundation for tokenized capital markets, why some jurisdictions see U.S. stablecoin policy as a risk, and the key factors advisors must use to assess a stablecoin’s credibility. Learn about the latest advancements in the Clarity Act in Keep Reading. Happy Reading. – Sarah Morton Are stablecoins the infrastructure reshaping global finance?…