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Bloomberg Intelligence strategist Mike McGlone expects Tether (USDT) to surpass both Ethereum (ETH) and Bitcoin (BTC) in market capitalization, while warning that Bitcoin could fall as low as $10,000. McGlone's Tether Forecast In a note published this week, McGlone, a senior macro strategist at Bloo

Chainalysis projects stablecoin transaction volumes could reach $1.5 quadrillion by 2035, driven by a $100 trillion generational wealth transfer and growing merchant adoption of digital payment rails. Stablecoin Volume Projections The blockchain analytics firm published the findings as a preview of

More than half of Gen Z adults worldwide now own or have owned cryptocurrency, according to a new survey. Gen Z Crypto Ownership Rates The findings come from Gemini's 2024 State of Crypto Report, conducted by Data Driven Consulting Group between May and Jul. 2024. The survey polled 6,000 adults acro

The U.S. Treasury on Wednesday outlined how new regulatory requirements for stablecoin issuers would be used to curb illicit finance, proposing rules that bring payment stablecoins under anti-money laundering and sanctions compliance regimes as part of the GENIUS Act framework. In a joint proposal i

White House economists found that prohibiting yield on stablecoins would do little to boost bank lending — adding roughly $2.1 billion, or 0.02%, to a $12 trillion loan market — while costing holders an estimated $800 million a year in lost welfare. Stablecoin Yield Ban Impact The report from the Co