Stablecoin

The project, which also claims Tether’s Paolo Ardoino as an investor, aims to enhance stablecoin adoption through a Bitcoin sidechain that allows zero-fee USDT transactions.

Company veri suggests that Tether’s reserves are 66% compliant under the STABLE Act and 83% under the GENIUS Act, the report said.

USDC and USDT minting accelerated in the past weeks, providing a bullish signal for crypto markets despite declining token prices.

This coincided with the launch of Donald Trump’s memecoin $TRUMP which caused a wave of inflows to the network

While Circle’s USDC led stablecoin growth on Solana, other issuers also expanded their stablecoins to the network recently, one analyst noted.

DeFi protocol Hermetica said the liquidity will make USDh the largest stablecoin on Stacks

Circle also said it will bring the $48 billion USDC stablecoin to the Canton Network and struck a partnership with crypto market maker Cumberland DRW to provide liquidity for USDC and USYC tokens.

The Consumer Financial Protection Bureau proposed a crypto rule just days before Donald Trump takes the White House and can name a new agency head.

Under the new regulations only compliant stablecoins can be used as trading pairs in regulated markets, the report said.

The French financial services firm said earlier this year it will also expand EURCV to the Solana network after struggling to attract users on Ethereum.