ChainCatcher news, according to official sources, the blockchain and tokenization infrastructure platform Paxos has announced that it has agreed to acquire the Finnish licensed electronic money institution Membrane Finance. The transaction is subject to regulatory approval, and upon completion, Paxos will obtain an electronic money institution (EMI) license in Finland and the European Union.Paxos' strategic officer Walter Hessert stated that this acquisition will help Paxos launch asset and tokenization solutions compliant with the MiCA (Markets in Crypto-Assets) regulations in the EU market. Currently, Paxos has issued several regulated digital assets, including PayPal USD (PYUSD), Pax Dollar (USDP), and Pax Gold (PAXG).

ChainCatcher news, according to CoinDesk, Circle CEO Jeremy Allaire stated in an interview that the stablecoin market could grow to between $5 trillion and $10 trillion over the next decade, accounting for 5% to 10% of the global money supply. Allaire expects that 2025 will be a pivotal year for stablecoin regulation, with relevant regulations anticipated to be introduced by G20 countries and many emerging markets by the end of 2025. He emphasized that stablecoin legislation enjoys bipartisan support in the U.S., and the payment stablecoin bill is at a very advanced stage.The USDC issued by Circle is the second-largest stablecoin by market capitalization, currently valued at $35 billion. Allaire noted that while USDC is popular in developed markets, it is also showing significant growth in emerging markets such as Latin America and Southeast Asia, particularly among fintech companies serving local businesses and households.He illustrated the use of USDC in cross-border payments and currency exchanges, such as local forex brokers using USDC to settle transactions between small and medium-sized enterprises, and facilitating hundreds of millions of dollars in energy orders between Middle Eastern suppliers and African buyers. Allaire stated, "We are in the early stages of stablecoin adoption, but in the next 10 to 20 years, this technology will become part of the global financial system."

ChainCatcher news shows that SUI has risen approximately 185% year-to-date and reached an all-time high. Analysts point out that several factors have contributed to this development of Sui, including the expansion of its DeFi ecosystem and the growing stablecoin market.According to data from DeFillama, the weekly trading volume on Sui's DEX has increased by about 50%, reaching $1.45 billion, with a current TVL of $1.182 billion. With the meme coin craze and the launch of USDC on the network, Sui has entered the top ten blockchains by TVL.Observers also noted that institutional interest in Sui has driven up its token, such as Grayscale's previous launch of the Sui investment trust.

ChainCatcher news, according to News.bitcoin, in the past 90 days, the stablecoin economy has grown by over 11%, with $16.23 billion flowing into the crypto market. Of the $16.23 billion that flowed in, USDT accounted for over 69%. In the past month, the supply of USDT has increased by 1.3%. Meanwhile, Circle's dollar token (USDC) has decreased by 2.7% in the past month, but over the 90-day period, it has shown growth, with its market cap rising from $29.88 billion on March 11 to $32.23 billion today.Makerdao's DAI had a market cap of $4.55 billion 90 days ago; although it has decreased by 3% in the past month, it has now reached $5.26 billion. Ethena's USDE was ranked sixth in market cap 90 days ago and has now risen to fourth place. At that time, it grew by 334% in 30 days, with a market cap of $848 million.

ChainCatcher news, according to data from The Block, the market share of USDT issuer Tether in the global stablecoin supply increased from 50% to 71% in 2023, with the circulating supply of USDT stablecoins exceeding 95 billion.Currently, Tether's main competitor, Circle, has only 27 billion of its dollar stablecoin (USDC) in circulation, down from over 48 billion at the beginning of 2023.

ChainCatcher news, according to DefiLlama data, the current total market capitalization of stablecoins is $125.703 billion, an increase of 0.72% over the past week. Among them, USDT accounts for 69.02% of the total market capitalization of stablecoins.

ChainCatcher news, according to CoinDesk, Wall Street investment bank Bernstein stated in a research report on Wednesday that the stablecoin market is expected to grow from the current $125 billion to $2.8 trillion in tokenized digital currencies over the next five years. The report noted that integration with consumer platforms will become the "growth flywheel" for the stablecoin market, enabling them to attract users and expand adoption beyond crypto-native platforms.

ChainCatcher news, DeFi protocol Sturdy Finance has announced the reopening of its stablecoin market, allowing users to utilize their funds, with no funds currently at risk. The previous decision to pause the market was made purely out of caution. As an additional security measure, the bb-a-USD pool has been disabled.ChainCatcher previously reported that the no-interest lending protocol Sturdy Finance was attacked by an assailant who obtained initial funds from Tornado Cash for a contract attack, with the stolen 442 ETH mostly flowing into Tornado Cash and a small portion into ChangeNOW exchange. (source link)

According to ChainCatcher's message and analysis from Glassnode, due to market participants massively redeeming their tokens after the LUNA crash, the overall supply of stablecoins has been experiencing significant outflows, with a peak outflow of 8.6 billion dollars within a month.However, when examining the monthly supply changes from a higher time frame, it can be seen that the outflows of stablecoins have started to decrease, which seems to indicate a rebound in demand for stablecoins, and capital is beginning to flow back into the digital asset market. (source link)