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With a current market cap of less than $200 billion, stablecoins represent a tiny fraction of global financial transactions – just 1% of US money supply and foreign exchange operations. However, a joint report by Standard Chartered and Zodia Markets research suggests significant growth potential, with experts projecting expansion to 10% of the US money supply (M2) and foreign exchange (FX) transactions. Regulation Could Unlock Stablecoins’ Full Potential According to the report titled ‘Stablecoins: The First Killer App,’ the utility of stablecoins has evolved well beyond their original role in cryptocurrency trading. Initially used as a bridge asset for trading, stablecoins are increasingly employed in cross-border payments, payroll, trade settlements, and remittances. These applications demonstrate their ability to address inefficiencies in existing financial systems, such as high costs, delayed transaction times, and limited accessibility in underserved regions. By providing faster and cheaper transactions, stablecoins offer a compelling solution for international remittances and business operations, positioning themselves as a pivotal tool in modern finance. The analysis also highlighted the implications of stablecoin adoption for the broader financial ecosystem. At present, stablecoins’ total market capitalization is dwarfed by the $21 trillion US M2 and $2.1 trillion in daily FX spot transactions. However, achieving a 10% share could transform them into a dominant force in global finance, thereby reshaping the landscape of digital payments and settlements. Regulation is seen as the key to this transition. While previous US administrations have made little progress in establishing stablecoin-specific policies, the report suggests that a Trump-led government in 2025 might prioritize these efforts. In fact, this regulatory clarity is expected to unlock stablecoins’ full potential, enabling them to scale and diversify their use cases further. Stablecoin Adoption Soars in Emerging Markets Geographically, USD-backed stablecoins dominate the market, comprising 99.3% of current stablecoin market capitalization. Tether (USDT) leads with a 73% market share, followed by Circle’s USD Coin (USDC) at 21%. Meanwhile, Standard Chartered’s Thursday report cited a YouGov survey that found compelling use cases. Across five emerging markets – Brazil, Turkey, Nigeria, India, and Indonesia – it was observed that 69% of respondents use stablecoins for currency substitution, while 39% employ them for cross-border payments and goods and services transactions. The post Stablecoins Remain 1% of US Money Supply, FX Market but Experts Predict 10x Growth appeared first on CryptoPotato .
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AA News Crypto News Donald Trump Stablecoins Tether (USDT) USDC
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Solana Memecoin Santa Trump to Skyrocket 15,000% Ahead of Exchange Listings, While Dogecoin, SHIB and PEPE Underperform
Santa Trump could turn early investors into multi-millionaires, like other memecoins, such as Shiba Inu (SHIB) and Dogecoin (DOGE), did. Santa Trump (SANTRUMP), a Solana memecoin launched today, is set to explode over 15,000% in price in the coming days. This is because SANTRUMP is set to soon be listed on numerous crypto exchanges, according to reports. This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and cause its price to rally, which will benefit investors who buy before these new exchange listings. Currently, Santa Trump can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days. Early investors in SHIB and DOGE made astronomical returns, and Santa Trump could become the next viral memecoin. Santa Trump launched with over $8,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains. To buy Santa Trump on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Santa Trump by entering its contract address – 8ZaP3RBCDK2qBaNEcAqJqrL8c2hcYLtYrVNhpuSgR3rW – in the receiving field. If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others. Early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price. If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner. The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum. This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like SANTRUMP. Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price. Crypto Potato
Solana Faces $182.5 Million Outflow as Market Dynamics Hint at Potential Challenges Ahead
Solana’s recent Spot Inflow/Outflow metrics reveal alarming outflows of $182.5 million from exchanges, sparking concerns among investors about the cryptocurrency’s stability. While 73.5% of Binance traders maintain long positions on Crypto Potato
