ChainCatcher news, according to The Block, based on data from DeFiLlama, the supply of stablecoins on Solana has exceeded $10 billion.Since the beginning of January, the value of stablecoins on the Solana network has surged nearly 110%, rising from $5.1 billion to $10.8 billion. In comparison, Ethereum currently holds $115 billion in stablecoins, BNB Chain holds $7 billion, Base holds $3.8 billion, and Arbitrum holds $3.1 billion.According to The Block's data dashboard, nearly 80% (about $8 billion) of Solana's stablecoin supply is made up of USDC, which has nearly doubled since the beginning of this month, increasing from $4.2 billion to $8.2 billion. Tether's USDT accounts for $1.96 billion of the stablecoins on the network.

ChainCatcher news, according to the Economic Daily, the Financial Supervisory Commission (FSC) of Taiwan plans to propose a draft law for virtual asset service providers (VASP) in June 2025, allowing banks to issue stablecoins for the first time.FSC Chairman Peng Chin-long stated that stablecoins will serve as a bridge between fiat currency and virtual currency, providing investors with a trading entry point. All stablecoins issued in Taiwan must be approved by the FSC, including requirements for issuance qualifications and reserves. This policy will be coordinated with the central bank to clarify the distinction from CBDC and assess the application of stablecoins in the real economy.

ChainCatcher news, according to DeFiLlama data, in the past 7 days, the market capitalization of stablecoins on the Solana chain has increased by 69.36%, surpassing 10 billion USD, reaching 10.183 billion USD, with USDC accounting for over 80%.

ChainCatcher news, DefiLlama data shows that the total market capitalization of stablecoins has surpassed 210 billion USD, reaching 212.989 billion USD, a new all-time high.In the past week, the total market capitalization of stablecoins grew by 3.02%, with USDT's market share at 65.18%.

ChainCatcher news, according to Veronika Rinecker, the European Securities and Markets Authority (ESMA) has ordered crypto asset service providers (CASP) to delist stablecoins that do not comply with the Markets in Crypto-Assets Regulation (MiCA). Although ESMA did not specify which non-compliant issuers or stablecoins should be restricted, this move follows the guidelines from the European Commission in July 2024, aimed at clarifying how MiCA applies to crypto assets involving non-compliant stablecoins.Prior to this, the European Banking Authority (EBA) had urged stakeholders to assess the MiCA compliance of the tokens they offer and to cease providing services related to non-compliant assets.It is reported that MiCA will come into effect on June 30, 2024, establishing a regulatory framework for the issuance and trading of asset-referenced tokens (ART) or stablecoins and electronic money tokens (EMT).

ChainCatcher news, according to the Bangkok Post, former Thai Prime Minister Thaksin Shinawatra announced at the ASEAN Economic Forum that Thailand will launch a cryptocurrency regulatory sandbox program in Phuket in October 2025. The program will focus on the application of stablecoins to balance innovation and risk, and will initially be piloted in the tourism sector.Thaksin emphasized Thailand's leading advantage in the region, especially in the context of Trump's support for cryptocurrencies. Gulf Binance CEO Nirun Fuwattananukul stated that the sandbox model will provide a controllable environment for cryptocurrency applications for businesses and consumers while ensuring regulatory effectiveness.

ChainCatcher news, according to Lookonchain monitoring, large holders are buying and going long on SOL. One large holder purchased 11,824 SOL for $2.49 million and withdrew 18,527 SOL (approximately $3.94 million) from Binance, subsequently depositing the SOL into Kamino to lend stablecoins.Currently, the large holder has deposited 144,817 SOL (approximately $30.44 million) into Kamino and lent out $20 million in stablecoins.

ChainCatcher news, according to The Block, a report released by blockchain analysis company Chainalysis shows that stablecoins will continue to dominate the illegal trading volume in 2024.The report indicates that, based on current metrics, the value obtained by illegal crypto addresses will reach $40.9 billion by 2024. However, as Chainalysis continues to adjust its metrics, identifying more illegal addresses and incorporating historical activities into its estimates, this figure is expected to reach $51.3 billion this year.Additionally, stolen funds are projected to increase by approximately 21% year-on-year in 2024, reaching $2.2 billion. The report states that the largest portion of stolen funds comes from DeFi services, while centralized services were "most vulnerable to targeting" in the second and third quarters of last year. For the entire year, private key leaks accounted for 43.8% of stolen cryptocurrencies.

ChainCatcher news, blockchain analysis company Chainalysis stated that stablecoins continue to dominate the illegal trading volume in 2024.Chainalysis's 2025 Crypto Crime Report indicates that stablecoins accounted for 63% of all crypto trading volume related to illegal activities last year.Since 2022, stablecoins have surpassed Bitcoin to become the most used cryptocurrency in such activities. The report states: "This new reality is part of a broader ecosystem trend, where stablecoins also account for a significant portion of all crypto activity, with stablecoin activity growing by approximately 77% year-over-year, which proves this point."

ChainCatcher news, according to Cointelegraph, based on the latest data, the stablecoin USDC issued by Circle is expected to grow by 79% in market capitalization in 2024, outpacing all other stablecoins and ranking first in stablecoin market capitalization growth.

ChainCatcher news, according to SolanaFloor, the supply of stablecoins on the Solana chain is currently $5.89 billion, just 5.76% lower than the previous all-time high of $6.25 billion on June 4, 2022.The growing supply of stablecoins on Solana is largely attributed to Circle's recent activities. According to data from Solscan, Circle has minted 1 billion new USDC tokens in 2025 to date.

ChainCatcher news, Binance founder Zhao Changpeng shared an article titled "Former Thai Prime Minister Optimistic About Legalization of Cryptocurrency and Online Entertainment" on social media. The article states that former Thai Prime Minister Thaksin Shinawatra expressed that allowing the trading of stablecoins and other tokens backed by physical assets "poses no risk." He also urged regulators to legalize online entertainment to increase revenue sources.ChainCatcher previously reported, according to Cointelegraph, former Thai Prime Minister Thaksin Shinawatra stated that allowing the trading of stablecoins and other tangible asset-backed tokens "poses no risk," and urged regulators to legalize online gambling to increase revenue. He pointed out that the Thai government currently loses about $4 billion (100 billion Thai Baht) in online gambling tax revenue each year. The Thai Cabinet has approved the draft of the "Comprehensive Entertainment Facility Management Act," aimed at legalizing casinos and the gambling industry.

ChainCatcher news, according to Cointelegraph, former Thai Prime Minister Thaksin Shinawatra stated that allowing the trading of stablecoins and other asset-backed tokens "poses no risk," and urged regulators to legalize online gambling to increase revenue. He pointed out that the Thai government currently loses about $4 billion (100 billion baht) in online gambling tax revenue each year. The Thai Cabinet has approved the draft of the "Entertainment Complex Management Act," aimed at legalizing casinos and the gambling industry.Although Thaksin is not part of the current government, he still holds significant influence in politics through his daughter, current Prime Minister Prayut Chan-o-cha. He suggested that the Thai Securities and Exchange Commission (SEC) allow stablecoin trading and proposed Phuket as a pilot area for cryptocurrency payments. He emphasized, "This poses no risk; it's just another currency in the world."

ChainCatcher news, according to market news, former Thai Prime Minister Thaksin stated that Thailand can provide a stablecoin backed by government bonds. (Jin Shi)

ChainCatcher news, according to The Block, the Consumer Financial Protection Bureau (CFPB) is seeking public input on proposed rules aimed at providing more protections for consumers in cryptocurrency transactions to prevent fraud.The CFPB has proposed an "interpretive rule" explaining how the Electronic Fund Transfer Act and other regulations apply to emerging "digital payment mechanisms," such as stablecoins. The Act was passed in 1978 to protect consumers participating in electronic fund transfers.CFPB Director Rohit Chopra stated that consumers must be assured that their transactions will not be subject to harmful monitoring or erroneous influences when using new forms of digital payments. However, the outlook for the CFPB's rulemaking is unclear, as the agency has drawn the ire of the incoming Trump administration. Billionaire Elon Musk has stated that he would "abolish the CFPB."The CFPB noted that consumer use of stablecoins may increase in the coming years, but some in the crypto industry have criticized the proposed rules. Coin Center Executive Director Peter Van Valkenburgh stated that it is unclear whether the proposed rules cover self-custody wallet service providers and pointed out that the agency does not distinguish between cryptocurrency services provided by trusted intermediaries and software tools.Coin Center emphasized that if the CFPB intends to regulate self-custody wallets under Reg E and directly regulate the authors of self-custody software, then the proposed rule would exceed the CFPB's statutory authority and be unconstitutional. The deadline for public comments on the CFPB's proposed rules is March 31, 2025.

ChainCatcher message, according to Arkham monitoring data, in the past hour, Jump Trading transferred over 20 million dollars in stablecoin transactions to CEX, including USDT and USDC, as follows:Transferred 2.107 million USDT to Binance, worth approximately 2.11 million dollars;Transferred a total of 18 million dollars in USDC to Coinbase, including a transfer of 10 million dollars and another transfer of 8.913 million dollars.