ChainCatcher news, according to Cointelegraph, the U.S. Senate will vote on the GENIUS Act in May. This bill sets reserve requirements and regulatory rules for stablecoins, aiming to balance innovation and consumer protection. This is an important step in the field of stablecoin regulation.

ChainCatcher news, according to CoinDesk, the UK government released a consultation document for a cryptocurrency legislation draft on April 29, planning to add regulated activities, including operating cryptocurrency asset trading platforms and issuing stablecoins.In addition, the draft also covers regulatory frameworks such as market abuse, listing, and disclosure systems. Although relevant consultations were initiated during the Conservative government's term in 2023, the Labour government has stated that it will continue to advance the previous government's cryptocurrency plans. This initiative aims to regulate the cryptocurrency industry, protect investor interests, and promote healthy market development.

ChainCatcher news, according to Cointelegraph, Tether co-founder Reeve Collins stated in an interview in Dubai that although dollar stablecoins currently dominate the market, diversified assets such as gold and money market funds may become new anchors for stablecoins in the future. Collins pointed out that stablecoins backed by interest-bearing assets like money market funds, through innovative models such as the Pi Protocol, will gain market favor due to higher yields.Collins believes that the tokenization of real-world assets (RWA) will reshape the stablecoin landscape: "When traditional assets like government bonds are on-chain and generate substantial returns, these new types of stablecoins will gain an advantage." He particularly emphasized that, in addition to the dollar, diversified collateral such as gold and commodities will provide more options for stablecoin users.

ChainCatcher news, the payment platform Bridge has launched a local fiat deposit and withdrawal channel in Mexico, allowing developers to seamlessly transfer funds between USD, pesos, and stablecoins via API. This channel provides businesses with near real-time USD-MXN settlement, market-leading exchange rates (with no minimum transaction volume requirement), and global operational support without the need for multiple bank accounts.

ChainCatcher news, according to Crypto In America, U.S. lawmakers are returning to Congress after the Easter recess, prioritizing cryptocurrency legislation with the goal of completing the stablecoin and market structure bills before the August deadline set by President Trump.The House Financial Services Committee and the Agriculture Committee will hold a joint hearing on May 6 to discuss the digital asset legislative blueprint. The Senate is also working to integrate the contents of the 2022 Lummis-Gillibrand bill and the FIT21 bill.

ChainCatcher news, according to DefiLama data, the market capitalization of stablecoins has increased by over $4.58 billion in a week, with a total market capitalization exceeding $239 billion, of which USDT's market share is 61.77%.

ChainCatcher news, according to DefiLlama data, the current total market capitalization of stablecoins across the network is reported at $238.101 billion, with a growth of 1.61% over the past 7 days, of which USDT's market share is 61.66%.

ChainCatcher news, according to DeFiLlama data, the total market capitalization of stablecoins on the Solana chain has reached $12.883 billion, setting a new historical high. In the past 7 days, the market capitalization of stablecoins on the Solana chain has increased by $230 million, with a growth rate of 1.82%.

ChainCatcher news, according to CoinDesk, Jennifer J. Schulp, the Director of Financial Regulation Studies at the Cato Institute, published a column pointing out that the stablecoin legislation currently under consideration by the U.S. Congress (including the GENIUS Act and the STABLE Act) aims to combat illegal financial activities but must avoid triggering excessive financial surveillance of users.She emphasized that if stablecoin issuers are subjected to the Bank Secrecy Act (BSA) regulations, it could lead to comprehensive tracking of user transactions, eroding personal privacy rights. Schulp urged lawmakers to balance innovation and privacy protection when formulating anti-money laundering measures, ensuring that stablecoins enhance payment efficiency without becoming tools for government surveillance.

ChainCatcher news, according to the Daily Economic News, recently, Dr. Shen Jianguang, Vice President and Chief Economist of JD Group, was interviewed in Hong Kong. He pointed out that stablecoins are a form of decentralized commercial issuance at the corporate level, with minimal fluctuations influenced by macroeconomic factors. JD's issuance of stablecoins aims to further enhance JD's global supply chain and cross-border payment capabilities.Currently, JD has entered the "sandbox" testing phase for stablecoin issuance in Hong Kong. The legislation related to stablecoins in Hong Kong is still being developed, and there are no specific provisions yet. It is expected that after the approval of Hong Kong's "Stablecoin Regulation Draft," the Hong Kong Monetary Authority can officially release the specific implementation details for stablecoins based on this.

ChainCatcher news, Trump plans to fire Federal Reserve Chairman Jerome Powell, but the experience of the Turkish central bank's interventions seems to serve as a warning against such actions. Turkish President Erodgan issued the first decree to dismiss the country's central bank governor Murat Cetinkaya in July 2019, and subsequently, a series of interventions by the Turkish central bank in 2020-21 led to the collapse of the national currency and directed capital towards BTC and stablecoins. Once Powell is dismissed, it may accelerate the sell-off of the dollar and subsequently drive Bitcoin adoption. Data shows that the dollar index has already fallen by more than 10% in three months and is currently down to 98.

According to ChainCatcher news reported by Decrypt, a report titled "Turning Point: The Global Impact of Southeast Asia's Scam Centers, Underground Banking, and Illegal Online Markets" released by the United Nations Office on Drugs and Crime (UNODC) points out that transnational criminal groups in Southeast Asia are rapidly expanding global money laundering and scam activities involving billions of dollars by utilizing illegal cryptocurrency mining, stablecoins, and Telegram black markets, posing a threat to global security.

ChainCatcher news, according to The Block, the Bank of Korea stated that it will "actively participate" in the development of the country's stablecoin regulatory framework to reduce potential monetary and financial risks. The Bank of Korea pointed out in a payment system report released on Monday that stablecoins have the characteristics of a payment tool, and their expanded use may affect the effectiveness of monetary policy.The Financial Services Commission of Korea previously announced that it will begin drafting a new round of cryptocurrency legislation in the second half of this year, focusing on stablecoin regulation and transparency requirements for cryptocurrency service providers. This legislation is a supplementary law following the first cryptocurrency law that will take effect in July 2024.

ChainCatcher news, according to DefiLlama data, the current total market capitalization of stablecoins across the network is $234.483 billion, with a growth of 0.47% over the past 7 days.Among them, the market share of USDT is 61.85%.

ChainCatcher news, according to the Coingecko quarterly report, the total market capitalization of cryptocurrencies fell by 18.6% to $2.8 trillion in the first quarter of 2025. Bitcoin further solidified its dominance in the market downturn, with its market share rising to 59.1% (a new high since 2021), while altcoins generally performed poorly. The shares of stablecoins USDT and USDC increased, while Ethereum's market share dropped to a five-year low of 7.9%.​1. Bitcoin outperforms traditional risk assetsBitcoin broke through $100,000 in January, reaching an all-time high, but ended the quarter at $82,514 (a decline of 11.8%). Its performance outpaced the Nasdaq index (down 10.3%), but lagged behind gold (up 18%) and U.S. Treasury bonds. Analysts pointed out that the strengthening of the yen and euro, adjustments in monetary policy, and geopolitical uncertainties have intensified market volatility.​2. Ethereum and altcoins under pressureEthereum's price plummeted 45.3% to $1,805, erasing all gains made in 2024, with daily trading volume shrinking to $2.44 billion. Leading altcoins like Solana (SOL), XRP, and BNB experienced smaller pullbacks, highlighting Ethereum's relative weakness. Meme coins suffered a significant setback due to the exit of Argentine President Javier Milei's related project LIBRA, with daily token deployment on the Pump.fun platform dropping by 56.3%.​3. Changes in exchange landscapeThe spot trading volume of centralized exchanges (CEX) decreased by 16.3% to $5.4 trillion, with Binance maintaining a market share of 40.7%; HTX became the only platform in the top ten to see growth (+11.4%), while Bybit's trading volume was halved due to a hacking incident in February. Among decentralized exchanges (DEX), Solana led Q1 with a 39.6% share, but Ethereum briefly reclaimed the top spot in March. The total value locked (TVL) in DeFi fell by 27.5% to $12.86 billion, while the new public chain Berachain's TVL rose against the trend to $5.2 billion.

ChainCatcher news, according to Digital Asset, the South Korean Financial Services Commission (FSC) stated that it does not believe that dollar-denominated stablecoins will lead to unilateral capital outflows. According to FSC data, from November 2024 to February 2025, the total amount of dollar stablecoins flowing into South Korea reached 35.3 trillion won (approximately 24.8 billion USD), while the amount flowing out to foreign countries also reached the same figure. This is the first time the FSC has disclosed data on cross-border stablecoin flows.

ChainCatcher news, Federal Reserve Chairman Powell stated that cryptocurrencies are gradually becoming mainstream, and establishing a legal framework for stablecoins is a good idea. Stablecoins may have broad appeal and consumer protection measures should be established. (Jin Shi)

ChainCatcher news, according to crowdfundinsider, digital asset company Elliptic announced a partnership with Monerium to provide compliance and anti-money laundering (AML) solutions for the latter's Euro (EURe) stablecoin in accordance with European MiCA regulations.It is reported that this real-time multi-chain compliance system can reduce manual intervention by 60%.