CoinDesk Weekly Recap: Stablecoins Dominate the Cycle
2025-07-04 05:30:19
Description
With the near-passage of the GENIUS Act and a host of companies announcing stablecoin initiatives, stablecoin-related assets have been on a tear. Circle, issuer of USDC, has seen its stock rise about 500% since its debut on June 5. This week, the company was valued at a staggering $77 billion , which is well above the total market cap of USDC itself (about $62 billion). Bullish signals for stablecoins were all around: CRCL is now the most popular foreign stock in South Korea . The leading stable...
$LINK
$12.955
-5.17%
$SEI
$0.2596
-4.56%
$FORM
$2.8247
+0.63%
$USDC
$0.9989
+0.03%
Latest News
- PEPE Slips 6% as Whales Load Up, Technicals Hint at Possible Bounce Amid Market Jitters2025-07-04 12:22:47
- Bitcoin Long-Term Holders Signal Patience in Market2025-07-04 12:22:35
- Coinbase's Base Sees Over $4B in Capital Outflows Through Cross-Chain Bridges; Ethereum Registers Inflows of $8.5B2025-07-04 12:19:45
- Bitcoin on the Brink of All-Time High as Macro Tailwinds Gather Strength2025-07-04 11:18:22
- JD.com, Ant Group Push for Yuan-Based Stablecoins to Counter Dollar Rule: Reuters2025-07-04 11:18:06