USDT Market Cap Explained as $1.2B Disappears in Sudden Redemption Wave

The post Stablecoin Count Nears 400 as SoFi Deploys Bank-Grade Infrastructure to Match Surging Issuance appeared on BitcoinEthereumNews.com. TLDR: Stablecoins on CoinGecko grew from under 50 in 2018 to nearly 400 in 2025, with issuance still rising fast. SoFiUSD became the first bank-issued stablecoin available inside a U.S. consumer banking app on May 27. SoFi’s Galileo platform serves 160 million accounts, giving SoFiUSD institutional distribution beyond its own users. SoFiUSD is fully backed by Federal Reserve cash, setting it apart from mixed-reserve crypto-native stablecoin issuers. Stablecoins listed on CoinGecko have grown from under 50 in 2018 to nearly 400 in 2025, with issuance still accelerating. That volume of capital requires disciplined credit infrastructure to match it. SoFi Technologies made a direct move in that direction on May 27, launching SoFiUSD to all 14.7 million banking app members. The token redeems 1:1 for U.S. dollars and runs on Ethereum and Solana. Source:

The post Stablecoin Scale Shock: $322B Reshapes Crypto Markets appeared on BitcoinEthereumNews.com. Crypto now runs on a $322 billion base layer of on-chain dollars. That scale is not just a headline; it rewires how exchanges quote prices, how brokers settle, how DeFi routes liquidity, and how regulators think about systemic risk. The market’s core unit of account is, increasingly, a stablecoin. In late May, aggregated trackers showed stablecoin capitalization at a fresh record near $322B, a sum that rivals the foreign-exchange reserves of most countries, underscoring how large the “crypto dollar” market has become (CryptoBriefing (citing DefiLlama / CoinDesk)). A crucial nuance is concentration. Public on‑chain data in mid‑May indicated Tether’s USDT at roughly $189.63B (58.8%) and Circle’s USDC near $78.96B (24.5%), together ~83.3% of supply (Analysis Atlas). When so much liquidity depends on so few issuers, the entire market’s microstructure adapts around their policies, reserves, a

The post SoFiUSD stablecoin launch: SoFi expands bank-backed token appeared on BitcoinEthereumNews.com. Stablecoin growth has been fast, messy, and hard to ignore. The SoFiUSD stablecoin launch lands in the middle of that shift, as SoFi Technologies pushes a bank-backed token into a market long dominated by crypto-native issuers. The timing matters. CoinGecko stablecoin listings grew from under 50 in 2018 to nearly 400 in 2025, a sharp rise that shows how quickly dollar-linked digital assets have spread across crypto and payments. More tokens mean more capital moving through the system, and that also puts more pressure on the plumbing behind it. SoFi is betting that the next phase of the market will reward regulated infrastructure, not just speed. On May 27, the company launched SoFiUSD to all 14.7 million banking app members, giving a large retail user base direct access to a new bank-issued stablecoin built for consumer use and settlement. Stablecoin issuance keeps expanding The stab

The post Cardano Takes The Lead As Stablecoin Market Valuation Rises 61% appeared on BitcoinEthereumNews.com. Cardano’s total stablecoin market cap has climbed to roughly $54.88 million, a 15% jump from where it stood in early March 2026. That figure captures just how quickly liquidity has been building on the network over the past several weeks. USDCx Drives the Surge Circle’s USDCx now commands the largest share of Cardano’s stablecoin market at 45.20%, with USDM at 26.90%, USDA at 15.45%, and DJED at around 5.90%. Data from Cexplorer shows that nearly 8 million USDCx were minted within just the last two days of the reporting period. According to Messari data, Cardano recorded a 61% rise in stablecoin market cap over the past seven days — the highest among major blockchain networks tracked during that period. Polygon came in second at 36%, followed by World Chain at 10.3%, HyperEVM at 7.4%, and XDC Network at 3.5%. Net stablecoin flow for the current epoch on Cardano has reached appr

The post Crypto Market Buzz: Key Developments Outshine Price Movements appeared on BitcoinEthereumNews.com. The weekend saw a shift in focus within the cryptocurrency market from price shifts to major news stories and unfolding developments. Among the cryptocurrencies that garnered significant attention were Stellar (XLM), XRP, and Tether (USDT), each igniting diverse reactions across social platforms and influencing investor strategies. Continue Reading:Crypto Market Buzz: Key Developments Outshine Price Movements Source: https://en.bitcoinhaber.net/crypto-market-buzz-key-developments-outshine-price-movements

The post Binance Loses $1.2B in Stablecoin Outflows as Crypto Liquidity Dries Up in May appeared on BitcoinEthereumNews.com. TLDR: Binance recorded $1.2B in net stablecoin outflows in May, reversing two months of positive inflows. Bitcoin dropped 3.5% in May while the S&P 500 and Nasdaq posted gains of 5.15% and 10.5% respectively. Binance stablecoin reserves have fallen from $51B to $44B since November 2024, a decline of 13.7%. Analysts describe Bitcoin’s current rebound as technical, not backed by consistent liquidity-driven momentum. Binance stablecoin outflows reached approximately $1.2 billion in May 2025, marking a sharp reversal from the two prior months of positive inflows. This shift came even as traditional equity markets posted strong monthly gains. The S&P 500 rose 5.15%, while the Nasdaq climbed 10.5%. Bitcoin, however, closed the month down 3.5%, reflecting a disconnect between crypto and equities. Liquidity is not flowing into the digital asset market at this time. Crypt

The post XLM, XRP & USDT Lead Weekend Crypto Buzz appeared on BitcoinEthereumNews.com. Stellar, XRP and USDT Dominate Weekend Crypto Buzz as Big Catalysts Stir Market Sentiment  According to Santiment Intelligence, this weekend’s crypto market discussions are being shaped less by price action and more by powerful narrative shifts across three major assets, Stellar (XLM), Ripple’s XRP, and Tether (USDT).  Each is trending for very different reasons, but together they highlight how quickly sentiment can swing when institutional headlines, regulatory pressure, and speculative retail attention collide. Stellar (XLM) has emerged as one of the strongest talking points based on the fact that the Depository Trust & Clearing Corporation (DTCC) is exploring integration of its tokenized securities infrastructure with the Stellar network. As a result, this development is triggering a surge in social activity and renewed buying interest.  More notably, this partnership has fueled a “buy-the-news” r

The post XRP Ledger Activity Soars in Q1 Despite XRP Price Slump: Messari appeared on BitcoinEthereumNews.com. XRP had a rather difficult start to 2026 from a price standpoint, but the underlying XRP Ledger showed notable signs of growth, according to the latest State of XRP report by Messari. The analytics firm outlines a sharp contrast between the weaker market performance and strong network fundamentals, with stablecoin adoption, real-world asset tokenization, and transaction activity all increasing during the quarter. XRP Price Falls as Trading Activity Cools During the first quarter of the year, XRP was, for the most part, the fourth-largest non-stablecoin cryptocurrency by means of total market capitalization, trailing only Bitcoin, Ethereum, and Binance Coin. However, the token wasn’t immune to the broader market downturn. Its market cap declined by 26% quarter-over-quarter to about $82 billion, while its price dropped by 27% to $1.34 at the time of this writing. Source: Trading