Coindesk experts called Stebblecoins the main newsmakers of the week

This week, the cryptocurrency market showed negative dynamics. Bitcoin and Ethereum decreased in price, and the Coindesk 20 index lost 7% from Monday. Despite this, stablecoins demonstrated a high trade volume. Investors began to go into stable assets against the background of general volatility. This emphasizes the growing interest in this class of assets as a tool for maintaining capital.

In the United States, work on the regulation of stablecoins continues. The House of Representatives showed a bill similar to what the Senate committee had previously approved. This can be an important step for the institutional recognition of digital assets. In addition, Wyoming tests its own stabilcoin on Avalanche, Solana and Ethereum.

The World Liberty Financial, supported by Donald Trump, announced the launch of USD1 stablecoin. Donald Trump Jr. presented the project on DC Blockchain Summit. At the same time, Fidelity Investment is actively developing its stable coin. The company plans to use it to work with tokenized bonds.

Circle has received a license to work in Japan. The company cooperates with the local financial giant SBI Holdings. This can accelerate the spread of stablecoins in Asia. Meanwhile, the founder of OpenAI Sam Altman is negotiating with VISA on the integration of cryptocurrency cards with castodial wallets. This can simplify the use of digital currencies in everyday payments.

It also became known that Falconx loses top managers, and BlackRock, on the contrary, expands its team in the field of digital assets. Strategy continues to actively invest in Bitcoin. The company in total invested about $ 33 billion in cryptocurrency.

Author

Peter Ivanov