ChainCatcher news, M^0 tweeted that its stablecoin platform's circulating supply has surpassed 150 million dollars.

ChainCatcher news, according to Cryptoslate, Bo Hines, the executive director of the U.S. President's Working Group on Digital Assets, stated that the U.S. stablecoin regulatory bill could be submitted to President Donald Trump within two months. In a speech at the Blockworks Digital Assets Summit, Hines mentioned that the market has not fully understood how stablecoin legislation could benefit the U.S. economy and the dollar's dominance. Furthermore, he believes that regulating stablecoins could change the historical trajectory of financial markets.On March 13, the Senate Banking Committee passed the stablecoin regulatory bill, the "GENIUS Act," with a vote of 18 in favor and 6 against. The bill has garnered bipartisan support and now paves the way for a full Senate vote. The bill proposes guidelines for the issuance and regulation of U.S. stablecoins, such as requiring these tokens to be backed 1:1 by U.S. dollars, insured bank deposits, or short-term Treasury bills.

ChainCatcher news, Matrixport released today's chart stating that although the surge trend of stablecoins in the fourth quarter of 2024 has slowed down, the overall growth momentum continues, indicating a sustained inflow of funds into the crypto market.It is worth noting that despite the impact of the European MiCA regulatory framework on USDT, there has not been a large-scale outflow of funds from the market. As the inflow of stablecoin funds steadily rises, the demand for Bitcoin may increase accordingly, further driving up prices.

ChainCatcher news, during the AMA event "Let's BUILD, Link the Future, Co-create Hong Kong's Web3 New Ecosystem" held by OSL, Hong Kong Legislative Council member Wu Jiezhuang revealed that the Hong Kong fiat-backed stablecoin bill is currently under review by the Legislative Council. The Hong Kong Monetary Authority (HKMA) will soon follow up with the licensing application process to provide a clearer and more robust compliance pathway for the market. Additionally, Hong Kong will initiate a public consultation on OTC and custody licenses and plans to start legislation by the end of the year to ensure that both online and offline OTC trading platforms are under effective regulation, creating a safer and more transparent market environment.Wu Jiezhuang further stated that the Hong Kong Securities and Futures Commission announced 20 new regulatory measures during Consensus this February, including inviting top global exchanges to apply for licenses in Hong Kong, simplifying the compliance process for exchanges to list tokens, and opening up staking/contract and other derivative businesses, all of which are long-term potential benefits.

ChainCatcher news, Initia disclosed on social media that Ethena announced a strategic partnership with the blockchain network Initia, and its stablecoin USDe will be integrated into the Initia ecosystem.This cooperation includes three main aspects: first, an incentivized native liquidity pair of INIT-sUSDe will be established, providing Ethena rewards, INIT staking rewards, and exchange fees for liquidity positions; second, Ethena will provide rewards for applications in the Initia ecosystem that use its assets as core components, including full-stack applications like Cabal, Echelon, and Rave; third, Ethena will invest in the Initia ecosystem, starting with Echelon.

ChainCatcher news, according to Bloomberg, the Trump family's cryptocurrency project World Liberty Financial has discussed cooperation with Binance.Insiders revealed that the discussions included the potential joint development of a dollar-backed stablecoin. According to four insiders, it is currently unclear how far the negotiations have progressed, and it is uncertain whether any deal or cooperation will be reached.

ChainCatcher news, according to The Block, informed sources say that the crypto payment company MoonPay has acquired the API-focused stablecoin infrastructure company Iron for a "nine-figure" price, meaning a value of at least 100 million dollars.

ChainCatcher news, FOX Business reporter Eleanor Terrett posted on social media that the U.S. Senate Banking Committee is set to hold its first review of the stablecoin regulatory framework bill submitted by Republican Senator Bill Hagerty.

ChainCatcher news, according to The Information, as banks warm up to cryptocurrency, Bank of New York Mellon (BNY) is expanding its services for stablecoin issuer Circle. Sources say that the bank will allow some clients to remit funds to or receive funds from Circle through BNY for the purchase or sale of Circle's stablecoins. Previously, Circle's clients had to use small U.S. banks to remit funds to Circle, which could limit the growth scale of this stablecoin company.This new arrangement facilitates the creation and redemption of Circle's stablecoins and can help the New York-based Circle drive broader adoption of its dollar-pegged stablecoin among other traditional financial institutions. The two companies stated in a joint announcement, "BNY and Circle will continue to work to bridge the gap between traditional finance and digital finance, and explore how to deepen our relationship for the benefit of the financial markets." Reports suggest that these changes will help make Circle more attractive to investors ahead of a potential initial public offering (IPO).The partnership with BNY is noteworthy because the company is a Global Systemically Important Bank (G-SIB), a regulatory designation that subjects it to particularly stringent oversight. Using a large U.S. bank like BNY is a way for Circle to differentiate itself from competitors like Tether. Some insiders have indicated that BNY has received approval from the New York State Department of Financial Services to provide a broader range of payment services to Circle. By servicing Circle, BNY may also attract more crypto-related deposits. Insiders previously stated that the company has been discussing providing banking services to more crypto firms but is cautious and only works with the safest companies.

ChainCatcher News, U.S. Senate Banking Committee Digital Assets Subcommittee Chair, U.S. Senator Cynthia Lummis stated that the Senate Banking Committee will conduct a final review (markup) today on the GENIUS Act proposed by Senator Hagerty. The main contents of the bill include: clearly defining payment stablecoins, establishing clear procedures for institutions seeking to issue stablecoins, and promoting responsible innovation while protecting consumer rights.

ChainCatcher news, according to CNBC, cryptocurrency payment giant MoonPay is intensifying its push into the enterprise market by acquiring API-first stablecoin infrastructure startup Iron. This is MoonPay's second major acquisition in two months, highlighting its ambition to capture the rapidly growing stablecoin payment market.MoonPay co-founder and CEO Ivan Soto-Wright stated in an interview, "We believe that everyone will have a digital currency wallet, whether it's within a bank account or existing independently. And we are building backward compatibility with the existing financial system."Soto-Wright compared this acquisition to PayPal's acquisition of Braintree, which handled credit card transactions for companies like Meta, with a total payment volume of nearly $600 billion last year. Soto-Wright said, "This is our Braintree moment; Iron's technology positions MoonPay to become the authoritative infrastructure provider for enterprise stablecoin solutions."

ChainCatcher news, according to the official announcement, Binance has announced the launch of a new stablecoin trading pair USDC/RON. In addition, Binance has also announced a special communication campaign for regulated stablecoin products that comply with MiCA standards, which will take place from: 2025-03-13 12:00 (UTC) to 2025-04-13 21:59 (UTC).

ChainCatcher news, according to Fortune, the U.S. Senate is set to vote on the "Guidance and Establishment of the American Stablecoin Innovation Act" (GENIUS Act) on Thursday.This is a comprehensive stablecoin bill, and both critics and supporters have stated that it will allow the federal government to recognize this emerging industry and pave the way for broader adoption of stablecoins as a means of payment beyond the cryptocurrency trading space.Massachusetts Democratic Senator Elizabeth Warren has expressed her desire to unite Senate Democrats against the measure, warning that it would open the door for large tech companies to take over the dollar. In a two-page analysis of the bill, she stated: "Under this bill, Musk could launch 'X Money' tomorrow, turning social media into a payment empire with almost no regulation, and what we are seeing is the potential privatization of the dollar."

According to ChainCatcher, USDM by Moneta Digital reports that Hoskinson Family Office, Inc. (HFO) has announced an investment of $1.5 million in W3i Software, Inc. to support the development of USDM, Cardano's first MiCA-compliant, fiat-backed stablecoin, promoting the integration of DeFi and traditional financial systems. USDM is issued by Moneta Digital and meets the stringent standards of the EU's Markets in Crypto-Assets Regulation (MiCA), providing compliant on-chain financial solutions for institutions, banks, and governments.

ChainCatcher news, according to CoinDesk, Tether CEO Paolo Ardoino stated during his speech at the Cantor Fitzgerald Global Technology Conference in New York that Tether has "gone through hellish challenges" over the past few years but still maintains its market dominance and is expanding its business in multiple areas.During his first visit to the United States, Ardoino engaged in discussions with the Bitcoin Policy Institute and Strike CEO Jack Mallers, and took a photo on Capitol Hill in Washington, D.C. He admitted that Tether has long faced intense scrutiny from the U.S. Department of Justice (DOJ), the Commodity Futures Trading Commission (CFTC), and the New York Department of Financial Services (NYDFS), and reached a settlement with the CFTC and NYDFS in 2021.Currently, Tether's USDT stablecoin holds over 60% of the market share, with a total market capitalization of $143 billion, far exceeding its U.S. competitor Circle ($58 billion USDC). In 2024, Tether is projected to earn $13 billion and continues to invest in areas such as AI, education, and the tokenization of real-world assets (RWA).Although Tether is headquartered in El Salvador, it has strong ties to the U.S., including holding nearly $100 billion in U.S. Treasury bonds, making it one of the top 20 holders of U.S. debt globally. Additionally, Tether collaborates with the FBI and the U.S. Secret Service to combat crypto crime and has invested $775 million in the right-wing social platform Rumble, planning to integrate USDT payment functionality.At the conference, Ardoino emphasized Tether's optimistic outlook for the future and reaffirmed the importance of stablecoins in maintaining the U.S. dollar's global dominance, aligning with the latest policy direction of the U.S. Treasury.

ChainCatcher news, according to Cointelegraph, the EU's latest retaliatory tariffs have intensified macroeconomic uncertainty, prompting cryptocurrency analysts to predict that Bitcoin price volatility will increase, potentially falling below the critical support level of $75,000.On March 12, the European Commission announced that the EU would impose retaliatory tariffs on $28 billion worth of U.S. goods starting in April, in response to President Donald Trump's recent imposition of a 25% tariff on steel and aluminum imports.Marcin Kazmierczak, co-founder and COO of RedStone, stated: "Retaliatory tariffs are not a positive signal, as they indicate that the other side may rebound again, which could see Bitcoin drop to $75,000. However, given that stablecoins and RWA 'real-world assets' are still at historical highs, the crypto market may also rebound."