ChainCatcher news, according to OKG Research data, as of now, the crypto market has accumulated approximately $130 billion in U.S. short-term Treasury bills (T-Bills), accounting for about 2% of the total amount of T-bills in circulation in the U.S.Among them, stablecoins (USDT & USDC) hold about $125 billion, accounting for 56.8% of the total stablecoin supply; RWA tokenized U.S. Treasury products (32 in total) are estimated to be around $5.213 billion. Since 2025, the growth rate of tokenized U.S. Treasuries has been significant, with a monthly compound growth rate of 14% over the past year.OKG Research predicts that in the next 2 to 5 years, the crypto market is expected to absorb an additional $300 to $600 billion in U.S. short-term Treasury bills through three main paths: expansion via stablecoins, growth of RWA protocols, and DeFi/DAO treasury allocations, with a penetration rate expected to reach 5% to 10%.

ChainCatcher news, according to Bloomberg, Bitcoin has been fluctuating between $76,000 and $95,000 since March. The lack of a clear catalyst to break through this range has made it difficult for the market to gain sustained upward momentum. One signal reflecting insufficient market confidence comes from the decentralized lending platform Aave, where data shows that the borrowing costs for stablecoins like USDT and USDC on Aave have dropped to around 4%, indicating that risk-averse sentiment is spreading to the crypto space.FRNT Financial's Head of Data and Analytics Strahinja Savic explained: "Aave's loan rates are influenced by the utilization rate of deposit assets. As leverage demand and other borrowing trading strategies cool down, the rates naturally decline."

ChainCatcher news, the Trump family's crypto project WLFI announced the launch of the dollar stablecoin USD1. Community users believe this stablecoin may replace USDT and USDC. In response, Binance founder Zhao Changpeng stated, "USDT and USDC do not need to be replaced; the more stablecoins, the better."

ChainCatcher news, according to monitoring by The Data Nerd, in the past 24 hours, Cumberland has deposited approximately $117.54 million in stablecoins to multiple exchanges (including Binance, OKX, Kraken, Bybit, and Coinbase), which includes $29.8 million USDT and $87.34 million USDC.

ChainCatcher news, according to Cointelegraph, Bitcoin extremist Max Keiser stated that due to gold's inflation-hedging properties and minimal volatility, gold-backed stablecoins will outperform dollar-pegged stablecoins globally.Keiser believes that gold is more trusted worldwide than the dollar and stated that foreign governments in adversarial relationships with the United States will not accept dollar-pegged stablecoins.

ChainCatcher news, Bitwise Chief Investment Officer Matt Hougan quoted U.S. Treasury Secretary Scott Bessent on social media, stating: "We will ensure that the dollar continues to be the world's dominant reserve currency, and we will achieve this through stablecoins."Hougan stated: "No matter how high your expectations are for the assets under management (AUM) of stablecoins, you are likely still underestimating their potential. If stablecoin AUM reaches trillions of dollars, the overall landscape of the crypto market will be reshaped."

ChainCatcher news, according to The Block, on Thursday, amid efforts by U.S. regulators to promote the adoption of stablecoins, the total market capitalization of stablecoins surpassed $230 billion for the first time. According to data from DefiLlama, the current total market capitalization is $230.45 billion, an increase of $2.3 billion in the past week. Compared to the same period last year, the market capitalization of stablecoins has grown by 56%.In the overall market capitalization, Tether's USDT stablecoin dominates, with a market cap of nearly $144 billion, accounting for 62.6%, followed by Circle's USDC, with a market cap of $59 billion.

ChainCatcher news, according to CoinDesk, European Central Bank (ECB) Chief Economist Philip Lane warned that dollar stablecoins and electronic payment systems from American tech giants are taking a larger share of the European financial system, and Europe needs to launch a digital euro to meet the challenge.He pointed out that payment methods like Apple Pay, Google Pay, and PayPal increase Europe's dependence on external systems, bringing economic pressure and risks of external coercion. The digital euro will provide a secure, universally accepted payment option under the European regulatory framework, reducing reliance on foreign payment systems and limiting the influence of dollar stablecoins in the eurozone. Currently, 99% of the stablecoin market is composed of dollar-pegged tokens, which could lead to a gradual dominance of the dollar in the eurozone payment system.Like other major economies, the ECB is studying central bank digital currencies (CBDC) to respond to the competition from stablecoins and tech company payment systems. Lane believes that the eurozone payment system is fragmented due to differing national standards, and the digital euro could be a key tool to address the fragmentation of retail payments.

ChainCatcher news, according to Jinshi reports, Trump will deliver a speech at the Digital Asset Summit (DAS) held in New York City, stating that the return of the dollar to stablecoins will help expand the dollar's dominance.The United States has already taken the lead in the cryptocurrency and next-generation fintech sectors. We are ending the regulatory war on cryptocurrency and Bitcoin from the previous administration, calling on Congress to pass landmark legislation that establishes simple, common-sense rules for stablecoins and market structure.

ChainCatcher news, according to Cointelegraph, Blockchain Association CEO Kristin Smith stated at the 2025 Digital Assets Summit that U.S. lawmakers may pass legislation related to stablecoins and crypto market structure as early as August. Bo Hines, Executive Director of the President's Digital Asset Advisory Committee, also predicted that comprehensive stablecoin legislation would be introduced in the coming months.Democratic Congressman Ro Khanna stated at the summit on March 18 that he expects Congress to pass the bill in 2025, noting that about 70 to 80 Democrats support stablecoin legislation to promote the global use of the dollar and enhance U.S. influence.

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 message, according to Lookonchain monitoring, in the past 7 days, stablecoins (USDT and USDC) on Ethereum have increased by approximately 1.3 billion dollars, while stablecoins (USDT and USDC) on HyperLiquid have decreased by about 77 million dollars.

ChainCatcher news, the Japanese Cabinet has approved a proposal to reform laws related to cryptocurrency brokerage and stablecoins. According to the announcement from the Financial Services Agency (FSA) of Japan, the government has approved a Cabinet resolution to amend the Payment Services Act.The bill will allow cryptocurrency companies to operate as "intermediary businesses." This means that brokers will no longer need to apply for the same type of licenses as cryptocurrency trading platforms and cryptocurrency wallet operators. The bill also provides more flexibility for stablecoin issuers regarding the types of assets that back their tokens.In the history of the Japanese Diet, no changes to cryptocurrency-related laws have ever been rejected after receiving Cabinet approval. Similarly, the Cabinet has never rejected any legal change proposals put forward by the FSA concerning Japan's cryptocurrency regulatory matters. The FSA has a certain degree of "full authority" in Japan's cryptocurrency regulatory affairs.Previous news, the Japanese Cabinet approved a new proposal to allow VC companies to directly invest in cryptocurrency and Web3 companies.