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New Hampshire has introduced a bill to create a strategic reserve of digital assets, allowing up to 10% of public funds, approximately $360 million, to be invested in Bitcoin and US-pegged stablecoins. The legislation mandates secure custody solutions and regulatory approval for exchange-traded products. This move aligns with a growing trend among states to diversify public funds through cryptocurrency, with similar proposals emerging in at least ten other states.
Ethereum’s layer 2 networks have reached a historic milestone, holding over $13.5 billion in stablecoins, driven by solutions like Arbitrum One and Base. The total market capitalization of stablecoins has surpassed $200 billion, reflecting their growing importance in the crypto ecosystem and potential for transforming financial transactions. Experts anticipate continued growth in stablecoin adoption as blockchain infrastructures improve.
Ethereum layer-2 networks now hold $13.5 billion in stablecoins, reflecting a growing demand within the cryptocurrency ecosystem. Arbitrum One leads with $6.75 billion, followed by Base at $3.56 billion, as the stablecoin market capitalization surpasses $200 billion, driven by Tether (USDT) and USD Coin (USDC). The introduction of MiCA regulations in the EU may further boost stablecoin adoption, enhancing their role in payments and decentralized finance.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
New Hampshire proposes Bitcoin reserve for state treasury investments
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Giovanni Capriglione
Keith Ammon
Jimmy Patronis
Dennis Porter
Mike Cabell
Andrew Sorrell
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19:25 10.01.2025
surge in stablecoins on ethereum layer 2 networks reaches historic highs
09:05 21.12.2024
ethereum layer two networks secure 13.5 billion in stablecoins
19:54 20.12.2024
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