Latest news with #MarionLaboure
Coin Geek
19-05-2025
- Business
- Coin Geek
Stablecoins to go mainstream on Trump support: report
Getting your Trinity Audio player ready... Stablecoins will record mainstream adoption this year following positive regulations by the Trump administration, a new report by Deutsche Bank states. In its report, the German investment banking giant says stablecoins are evolving past speculative 'crypto' trading and providing value in payments and remittances globally. Stablecoins have recorded a parabolic rise in the past five years, shooting up from $20 billion in market cap in 2020 to $245 billion today. Last year, they facilitated $28 trillion in transfer value, according to Deutsche Bank. A separate report by 'crypto' asset manager Bitwise revealed that last year, stablecoins processed a higher volume than Visa (NASDAQ: V) for the first time ever. For context, Visa processed 900% more than all stablecoins combined in 2020. 'More than just financial tools, stablecoins are fast becoming strategic assets,' stated the report, co-authored by analysts Marion Laboure and Camilla Siazon. Stablecoins' growth will be anchored by enabling regulations, especially in the United States, Deutsche Bank added. American legislators have advanced two separate bills seeking to bring order to the sector. The first was the STABLE Act, which was introduced in the House of Representatives in March and is set to face a vote later this year. The second bill, known as the GENIUS Act, was before the Senate, and while it initially had majority backing, Democrats recently changed their tune and voted against it, much to the chagrin of Treasury Secretary Scott Bessent. Despite the stumbles in stablecoin legislation, Deutsche Bank believes that the U.S. will implement enabling regulation this year, 'cementing stablecoin legitimacy' and 'enabling mainstream use cases and deeper financial integration.' While stablecoins are expanding into other payment use cases, speculative trading remains their primary market. The bank says they power nearly 70% of 'crypto' trading, 'offering unmatched speed, 24/7 access, low-cost programmable payments.' The Deutsche Bank report mirrors Citi's ambitious predictions in a recent paper, where it claimed stablecoins could hit $3.7 trillion by 2030, overtaking the current combined digital asset market cap, which stands at $3.3 trillion. Stablecoins are becoming increasingly vital players in the U.S. government securities sector, and recent reports have reflected this growth. According to Deutsche Bank, the high investment by the issuers in U.S. Treasuries has made them 'strategic assets' for the country. 'With 83% pegged to the U.S. dollar and Tether ranking amongst the largest holders of U.S. Treasuries, they're reinforcing dollar dominance in a fragmenting world,' the report stated. The rapid growth in the demand for stablecoins is attracting new players from within 'crypto' and beyond, all seeking to eat into Tether's USDT dominance. Earlier this month, fintech giant Stripe announced that it was opening stablecoin accounts for clients in over 100 countries. Users can send, receive, and hold USD stablecoins 'similar to how a traditional fiat bank account works.' Visa has also been aligning its services to support stablecoins. Two weeks ago, the payments giant invested in London-based stablecoin startup BVNK in its $50 million fundraising round. The startup claims to have processed $12 billion in stablecoins last year. US Pacific territory marches on with stablecoin bill While the U.S. stalls on stablecoin regulation, one of its territories in the western Pacific Ocean is edging closer to legislation that would allow it to issue a state-backed stablecoin. The Senate in the Northern Mariana Islands recently voted against a veto by the state's governor, which had halted the stablecoins bill. Gov. Arnold Palacios vetoed the bill in April, a month after it had received unanimous support from legislators. He noted that the island lacks the capacity to oversee stablecoins independently. The Senate has now voted 7-1 against the veto, reviving the bill, which now heads to the House, where a two-thirds majority will be enough to pass it into law. The Northern Mariana Islands are a group of islands in the western Pacific Ocean that are a self-governing territory of the U.S. It's home to 47,000 people, most of whom live on the largest island: Saipan. The bill seeks to allow the treasurer of Tinian, one of the smaller islands with a population of 2,000, to issue a state-backed stablecoin. Known as the Mariana USD (MUSD), the token would be backed by U.S. Treasuries and cash, held in reserve by the Tinian treasury. Proponents of the bill, which also allows Tinian to license Internet casinos, say it would revive the island's fortunes, which have yet to bounce back to pre-pandemic levels. However, critics argue that the stablecoin would give the local government greater insight into the gambling entities as all transactions would be recorded on an immutable ledger. Watch | Spotlight On: Centi Franc—the truly stable stablecoin title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen="">
Yahoo
15-05-2025
- Business
- Yahoo
It looks like stablecoins are about to go mainstream
Stablecoins are nearing mainstream adoption as the US advances regulatory legislation. Stablecoins are digital currencies pegged to more traditional assets like the US dollar or gold. The market cap of stablecoins rose from $20 billion in 2020 to $246 billion in May 2025, Deutsche Bank said. Stablecoins aren't far from becoming mainstream, per Deutsche Bank. Marion Laboure, managing director of thematic research at the German multinational investment bank, and analyst Camilla Siazon wrote in a presentation that the coins are likely to start being more widely used this year as the US pushes forward with legislation to regulate the crypto market. Stablecoins are a type of decentralized digital currency that can be bought and sold on a blockchain, similar to cryptocurrencies like bitcoin and ether, and meme coins, such as $Trump and Dogecoin. The most prominent stablecoin is Tether, with an overall market capitalization of around $150 billion, per CoinMarketCap, but dozens of others also exist. Deutsche Bank said the sector has a market capitalization of $246 billion. The difference between stablecoins and regular cryptocurrencies is that stablecoins are pegged to other assets, often commonly used and relatively secure ones, including safe havens like the US dollar or gold. One stablecoin might be equal to one dollar, with the coin's value rising and falling alongside the dollar. Both the House bill, the Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE) Act, and the Senate bill, the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, aim to create a regulatory framework for dollar-denominated stablecoins. Crypto legislation has faced some backlash. Senate Democrats have rallied against the GENIUS Act over concerns about President Donald Trump and his family's links to the industry. Both Trump and his wife Melania have cryptocurrencies bearing their names, which launched soon after he became president. The market capitalization of stablecoins has soared from $20 billion in 2020 to its current level, a more than 1200% surge. The coins also saw $28 trillion in transfer volume — the value of coins traded — last year, surpassing the levels of transfers made using major credit and debit card providers like Visa and Mastercard. "They now power over two-thirds of crypto-trading," the analysts said. The analysts wrote that 83% of fiat currency-backed stablecoins are backed by the dollar. Over $120 billion in dollar reserves are held in stablecoins. Deutsche Bank said $99 billion in US Treasury bills are held in Tether, making it one of the top stores of US government debt worldwide. Deutsche Bank's analysts predict that mainstream adoption of stablecoins will lead to overall increased demand for US Treasurys. "They are now integral to digital dollar infrastructure, transforming FX, liquidity, capital flows, and payment innovation," Laboure and Siazon said. "US regulation will bring clarity, enabling mainstream use cases and deeper financial integration." Read the original article on Business Insider Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
15-05-2025
- Business
- Business Insider
It looks like stablecoins are about to go mainstream
Stablecoins are nearing mainstream adoption as the US advances regulatory legislation. Stablecoins are digital currencies pegged to more traditional assets like the US dollar or gold. The market cap of stablecoins rose from $20 billion in 2020 to $246 billion in May 2025, Deutsche Bank said. Stablecoins aren't far from becoming mainstream, per Deutsche Bank. Marion Laboure, managing director of thematic research at the German multinational investment bank, and analyst Camilla Siazon wrote in a presentation that the coins are likely to start being more widely used this year as the US pushes forward with legislation to regulate the crypto market. Stablecoins are a type of decentralized digital currency that can be bought and sold on a blockchain, similar to cryptocurrencies like bitcoin and ether, and meme coins, such as $Trump and Dogecoin. The most prominent stablecoin is Tether, with an overall market capitalization of around $150 billion, per CoinMarketCap, but dozens of others also exist. Deutsche Bank said the sector has a market capitalization of $246 billion. The difference between stablecoins and regular cryptocurrencies is that stablecoins are pegged to other assets, often commonly used and relatively secure ones, including safe havens like the US dollar or gold. One stablecoin might be equal to one dollar, with the coin's value rising and falling alongside the dollar. Both the House bill, the Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE) Act, and the Senate bill, the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, aim to create a regulatory framework for dollar-denominated stablecoins. Crypto legislation has faced some backlash. Senate Democrats have rallied against the GENIUS Act over concerns about President Donald Trump and his family's links to the industry. Both Trump and his wife Melania have cryptocurrencies bearing their names, which launched soon after he became president. The market capitalization of stablecoins has soared from $20 billion in 2020 to its current level, a more than 1200% surge. The coins also saw $28 trillion in transfer volume — the value of coins traded — last year, surpassing the levels of transfers made using major credit and debit card providers like Visa and Mastercard. "They now power over two-thirds of crypto-trading," the analysts said. The analysts wrote that 83% of fiat currency-backed stablecoins are backed by the dollar. Over $120 billion in dollar reserves are held in stablecoins. Deutsche Bank said $99 billion in US Treasury bills are held in Tether, making it one of the top stores of US government debt worldwide. Deutsche Bank's analysts predict that mainstream adoption of stablecoins will lead to overall increased demand for US Treasurys. "They are now integral to digital dollar infrastructure, transforming FX, liquidity, capital flows, and payment innovation," Laboure and Siazon said. "US regulation will bring clarity, enabling mainstream use cases and deeper financial integration."
Yahoo
13-05-2025
- Business
- Yahoo
Stablecoins to Go Mainstream in 2025 After U.S. Regulatory Progress: Deutsche Bank
Stablecoins are on the verge of mainstream adoption this year as the Trump administration pushes ahead with landmark crypto legislation, investment bank Deutsche Bank said in a research report Monday. Despite some resistance in the Senate last week, the bank said it still expects to see some progress on the stablecoin regulatory front this year. Stablecoins are cryptocurrencies whose value is tied to another asset, such as the U.S. dollar or gold. They play a major role in cryptocurrency markets and are also used to transfer money internationally. The Senate's Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act mandates federal regulation for stablecoins with a market cap of over $10 billion with the potential for state regulation if it aligns with federal rules. The House of Representatives' STABLE Act calls for state regulation without any conditions. Stablecoin market cap has exploded in the last five years. Total stablecoin market cap is currently $246 billion, a massive jump from the $20 billion seen in 2020, the German bank noted. The largest, Tether's USDT, has a market cap of around $150 billion. Stablecoins now "power over two-thirds of crypto trading, offering unmatched speed, 24/7 access, low-cost programmable payments," analysts Marion Laboure and Camilla Siazon wrote. Stablecoins are increasingly becoming strategic assets, the report said. "With 83% pegged to the U.S. dollar and Tether ranking amongst the largest holders of U.S. Treasuries, they're reinforcing dollar dominance in a fragmenting world." The Genius Act is expected to be passed in the U.S. in the coming months, and that could trigger an almost 10-fold jump in stablecoin supply, investment bank Standard Chartered said in a research report last month. Sign in to access your portfolio
CNBC
01-05-2025
- Business
- CNBC
Big Tech has completely reversed its April tariff sell-off and is boosting confidence on Wall Street
A strong pair of earnings reports from Microsoft and Meta Platforms appears to have reignited excitement around the artificial intelligence trade and may be, at least temporarily, pushing tariff worries from investors' minds. The postearnings rallies for both stocks helped push the Roundhill Magnificent Seven ETF (MAGS) back above its April 2 close, which occurred just before President Donald Trump brought out his tariff charts. The Technology Select Sector SPDR Fund (XLK) , which counts Microsoft as one of its biggest holdings, has also regained its pre-"liberation day" level. XLK 1M mountain This tech fund has fully recovered from its post-April 2 declines. "Investors were uplifted by the buoyant sales growth in Microsoft's cloud computing services, while reassured by Meta's pledge to become the 'AI leader,'" Deutsche Bank macro strategist Marion Laboure said in a note to clients. Those milestones still leave both funds down for the year, but they could create a sigh of relief among chart-focused traders. There is also some evidence that institutional investors are now dipping their toes back into the pool after scaling back during a volatile April, leaving it to short-covering hedge funds and retail to pick up the slack . "Coming into today, we had not seen significant long buying in single stocks from our largest longer duration investors (living in a 'buyers live higher' tape). However, the flow on our trading desk so far today has a different flavor and is more constructive," said a Goldman Sachs trading note on Thursday. That renewed confidence among the long-term crowd could be put to the test in the next 24 hours. Investors will be sorting through more tech results on Thursday evening, including Apple and Amazon . You can count Ritholtz Wealth Management CEO and CNBC Pro contributor Josh Brown among those who think the Microsoft breakout might be a unique success story rather than a harbinger for the rest of tech. On the economic front, a key U.S. jobs report will hit before the opening bell on Friday. This is the first federal payrolls report to include data from after April 2, and it follows weekly jobless claims and ADP private sector jobs data that came in worse than expected. — CNBC's Michael Bloom contributed reporting.
