{
}
El Salvador has integrated Bitcoin into its financial system while ensuring compliance with an agreement with the International Monetary Fund (IMF). This move reflects the country's ongoing efforts to balance cryptocurrency adoption with international financial obligations.
El Salvador has paused public Bitcoin purchases under a $1.4 billion IMF loan agreement, complying with conditions that prioritize economic reforms over cryptocurrency accumulation. Despite this, the country continues to grow its Bitcoin holdings, now nearly 6,160, through internal reallocations rather than new public sector buys. The IMF emphasizes that the focus remains on governance and fiscal reforms, while President Bukele advocates for Bitcoin as a means to enhance financial inclusion for the unbanked population.
Citigroup forecasts the stablecoin market will grow by $1.6 trillion by 2030, driven by a supportive US regulatory framework and increased adoption by financial institutions. However, challenges include potential competition from central bank digital currencies and risks of de-pegging that could impact liquidity. Currently valued at $237.25 billion, Tether (USDT) leads the market with a 62.65% dominance.
Stablecoin issuers are set to surpass traditional holders of US Treasury bonds, with estimates suggesting they could hold $1.2 trillion by 2030. Tether and Circle currently manage significant amounts in Treasuries, and upcoming legislation may require all stablecoin issuers to back their tokens with low-risk assets like government debt. However, geopolitical tensions and past stability issues pose risks to this burgeoning market, which has recently reached a record value of $237 billion.
Citigroup predicts a pivotal moment for blockchain in 2025, akin to the impact of ChatGPT in AI, driven by favorable regulations and the growth of stablecoins, which could reach a market cap of $3.7 trillion by 2030. The Trump administration's support for clear regulations, such as the GENIUS Act, aims to stabilize the market dominated by USDT and USDC, despite ongoing depegging risks. As blockchain technology evolves, it promises to enhance public systems by replacing centralized infrastructures with decentralized solutions.
Cantor Fitzgerald has partnered with Tether and SoftBank to launch a $3.6 billion crypto venture, merging Cantor Equity Partners with Twenty One Capital. This initiative will hold over 42,000 bitcoins, positioning it as the third-largest corporate bitcoin treasury globally, reflecting a shift in corporate treasury management towards viewing bitcoin as a legitimate asset class. The venture's timing aligns with a more favorable regulatory environment under the Trump administration, which is fostering institutional confidence in cryptocurrency.
Brandon Lutnick, son of U.S. Commerce Secretary Howard Lutnick, is spearheading a $3 billion bitcoin acquisition vehicle, Cantor Equity Partners, with backing from SoftBank, Tether, and Bitfinex. Tether will contribute $1.5 billion, while SoftBank and Bitfinex will provide $900 million and $600 million, respectively. This venture marks a significant shift in traditional finance's integration with cryptocurrency, as Cantor Fitzgerald aims to leverage its expertise to offer Bitcoin-backed loans amidst evolving regulatory landscapes.
Recent reports indicate that crypto firms and traditional banks are looking to expand their operations in the US, driven by a shift in regulatory approaches under the new administration. Companies like Circle and BitGo are seeking bank charters, while others explore licenses for stablecoin issuance. Traditional banks, including Deutsche Bank and Standard Chartered, are also revisiting their strategies to engage with the crypto sector, anticipating a clearer regulatory framework that could facilitate their entry into the market.
Crypto firms like Circle and BitGo are seeking bank charters as US regulations ease, signaling a shift towards legitimacy in the financial sector. With support from the Trump administration and new stablecoin legislation, traditional banks are also adapting, as firms aim to operate like conventional lenders. The regulatory landscape is evolving, allowing banks to offer crypto services under established rules, fostering a competitive environment for digital assets.
Crypto Policies and Governance
SubCategory
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
El Salvador embraces Bitcoin while adhering to IMF agreement
16:02 27.04.2025
El Salvador halts public Bitcoin purchases amid IMF loan agreement
13:34 27.04.2025
citigroup forecasts stablecoin market growth of 1.6 trillion by 2030
04:30 27.04.2025
stablecoin issuers poised to surpass traditional investors in us treasury holdings
United States Dollar
Tether USDt CNY
CHN
GBR
USA
Warren Buffett
Donald Trump
Andrew Flanagan
Show more
21:12 25.04.2025
blockchain poised for transformative growth by 2025 driven by stablecoins and regulation
13:05 25.04.2025
Cantor Tether and SoftBank launch three point six billion dollar crypto venture
06:00 24.04.2025
softbank and tether back three billion dollar bitcoin acquisition venture
United States Dollar
SoftBank Corp.
Cantor Fitzgerald Income Trust, Inc. Class I
Tether USDt USD
USA
Brandon Lutnick
Howard Lutnick
Show more
07:35 23.04.2025
banking giants and crypto firms plan expansion in us market
United States Dollar
Deutsche Bank RV Global PP
Bank of America Corporation
Standard Chartered PLC
DEU
USA
Chris Gorman
Brian Moynihan
Bill Hagerty
Show more
05:30 22.04.2025
major banks plan us crypto comeback amid regulatory changes
crypto firms seek bank charters as regulations ease in the us
United States Dollar
Deutsche Bank RV Global PP
Cantor Fitzgerald Income Trust, Inc. Class I
US BANCORP
Coinbase Global, Inc.
Bank of America Corporation
Standard Chartered PLC
BlackRock, Inc.
DEU
USA
Donald Trump
Nathan McCauley
Jerome Powell
Show more
16:22 21.04.2025
Trending
Subcategory
Corporate News
Industry Trends
Stock Market Updates
Finance Mergers & Acquisitions
Global Financial Events
Banking Regulations
Retail and Consumer Goods
Industry Mergers & Acquisitions
AI Innovations
Global Trade Developments
Startups & Entrepreneurship
Market Analysis and Predictions
Central Bank Actions
Supply Chain Management
CEO Changes
Government Economic Policies
Funding Rounds & Investments
Energy Sector Developments
AI & Automation Regulations
Workplace Trends
Countries:
Companies:
NVIDIA Corporation
Huawei Technologies CO. Ltd.
The Goldman Sachs Group, Inc.
Barclays PLC
Wells Fargo & Company
Tesla, Inc.
Apple Inc.
Bank of America Corporation
Erste Group Bank AG
HSBC Holdings plc
Morgan Stanley
Microsoft Corporation
Amazon.com, Inc.
Citigroup Inc.
BNP Paribas SA
JPMorgan Chase & Co.
UBS Group AG
DEUTSCHE TELEKOM
Deutsche Bank RV Global PP
Banco Santander, S.A.
Currencies:
United States Dollar
Euro
British Pound Sterling
Indian Rupee
Swiss Franc
Chinese Yuan
Japanese Yen
Saudi Riyal
Canadian Dollar
Hong Kong Dollar
Swedish Krona
Russian Ruble
Polish Złoty
United Arab Emirates Dirham
South Korean Won
New Taiwan Dollar
Armenian Dram
Norwegian Krone
Australian Dollar
Offshore Chinese Yuan
People: