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Stablecoins are gathering steam

The Hash Insider

Chart of the week

Stablecoins have quickly become a leading use case for blockchains, now surpassing Visa and Mastercard in transaction volume, as highlighted during Token2049, the world’s largest crypto conference held last week in Dubai.

 

 

Notably, the event also revealed that the Trump family’s crypto venture plans to launch a new stablecoin, USD1. With regulation advancing, legislation being considered in the US Congress, and high-profile entrants emerging, stablecoins are increasingly positioned as core infrastructure in the digital asset ecosystem.

 

 

Market Highlights

 

Google Wallet to use blockchain technology

 

Google Wallet has integrated zero-knowledge proofs (zk-proofs), a privacy-enhancing technology originally developed in crypto industry.

This integration reflects a broader trend of mainstream tech adopting blockchain-native innovations, potentially paving the way for greater consumer privacy and crypto interoperability in digital payments.

 

FCA gathers feedback on crypto rules

 

The UK's Financial Conduct Authority is seeking industry input on its proposed crypto regulations, slated for implementation in 2026.

This engagement underscores the UK’s intent to develop a balanced framework that fosters innovation while addressing consumer protection and market integrity in the growing digital asset space.

 

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