{
}
Ethereum Layer 2 networks have reached a historic milestone with stablecoin holdings soaring to $13.5 billion, driven by increasing adoption of digital assets and decentralized finance. Tether (USDT) and USD Coin (USDC) lead this growth, contributing to a global stablecoin market cap exceeding $202 billion. Predictions for 2025 suggest further acceleration in stablecoin adoption, bolstered by favorable regulatory developments and significant inflows into centralized exchanges.
The UK's Financial Conduct Authority (FCA) has proposed stringent regulations to mitigate risks in the crypto market, potentially banning unlicensed companies from public cryptocurrency offerings. The FCA is seeking public and industry feedback on these proposals until March 2025, aiming to establish a comprehensive regulatory framework by 2026. This initiative follows previous measures to combat market abuse and protect consumers, as the UK has seen a significant rise in crypto scams.
Jimmy Aki
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Ethereum Layer 2 networks achieve record stablecoin supply of 13.5 billion
15:49 20.12.2024
UK financial regulator proposes strict rules to enhance crypto market safety
17:48 16.12.2024
Trending
Subcategory
Corporate News
Startups & Entrepreneurship
Economic Indicators
Global Trade Developments
Market Analysis and Predictions
Countries:
Companies:
Currencies:
People: