The latest Stablecoins news, each summarized in plain English with a take on why it matters for holders and builders — pulled from across the outlets, protocols, and research and updated every few hours.
Bitwise Asset Management's CEO Travis Rasmussen believes that Circle, a leading stablecoin issuer, is currently undervalued. He attributes this to the growing demand for stablecoins, which are expected to reach trillions of dollars in value. This surge in adoption has led to increased scrutiny and regulatory attention.
Why it matters The mispricing of Circle could have implications for investors holding USDC, as a revaluation could lead to potential gains or losses depending on their position.
TRON's USDT supply reached an all-time high of $87.9 billion in Q2, with a total of $2.1 trillion in transfers on the network during the same period.
Why it matters The increased stablecoin supply and activity may indicate growing adoption and usage of TRON as a platform for decentralized finance (DeFi) applications.