{"id":34115,"date":"2025-06-27T18:32:48","date_gmt":"2025-06-27T18:32:48","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=34115"},"modified":"2025-06-27T18:32:48","modified_gmt":"2025-06-27T18:32:48","slug":"coindesk-weekly-recap-stablecoins-dominate-the-cycle","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=34115","title":{"rendered":"CoinDesk Weekly Recap: Stablecoins Dominate the Cycle"},"content":{"rendered":"
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With the near-passage of the GENIUS Act<\/a> and a host of companies announcing stablecoin initiatives, stablecoin-related assets have been on a tear.
Circle, issuer of USDC, has seen its stock rise about 500% since its debut on June 5. This week, the company was valued at a staggering $77 billion<\/a>, which is well above the total market cap of USDC itself (about $62 billion).<\/p>\n

Bullish signals for stablecoins were all around:<\/p>\n

CRCL is now the most popular foreign stock in South Korea<\/a>.
The leading stablecoin issuer, Tether, has so much spare cash it can afford to have a determinative stake in Juventus<\/a>, an Italian soccer team.
Coinbase, which actually makes more money from USDC than Circle, has seen its stock rise to its highest level in four years<\/a>.
Even Euro-backed stablecoins, long a forgotten cousin of USD coins, are surging<\/a>. Combined, they\u2019re up 44% on the year, led by Circle’s EURC.<\/p>\n

Stablecoins are the “quiet winners” from prediction markets like Polymarket<\/a>.
And so on. <\/p>\n

Traditional payment giants, like Mastercard and Visa, have been responding to stablecoin mania by making a flood of announcements of their own<\/a>. Mastercard announced new tie-ups with Moonpay, Chainlink and Kraken this week<\/a>. <\/p>\n

Amid all the stablecoin news, we still had space for plenty of other topics. <\/p>\n

SEI surged as well<\/a> (albeit on stablecoin news).
The Federal Reserve officially said crypto no longer carried \u201creputational risks\u201d for banks<\/a>, leaving them to provide all the financial services they want for crypto companies.
World Liberty Financial, the Trump family vehicle, reversed a promise to make its token non-transferable<\/a>.<\/p>\n

In the summer months, sometimes it can feel like nothing much is happening. Not this year; crypto doesn\u2019t wait for anyone. <\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

With the near-passage of the GENIUS Act and a host of companies announcing stablecoin initiatives, stablecoin-related assets have been on a tear. Circle, issuer of USDC, has seen its stock rise about 500% since its debut on June 5. This week, the company was valued at a staggering $77 billion, which is well above the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-34115","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/34115","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=34115"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/34115\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=34115"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=34115"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=34115"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}