Global #stablecoins.

Wall Street is experiencing a surge in interest in tokenized money-market funds as traders seek alternatives to traditional stablecoins.

According to Dante Disparte, Chief Strategy Officer and Head of Global Policy at stablecoin issuer Circle, the United Kingdom is poised to introduce formal regulations for stablecoins in the coming months.

Tether's stablecoin, USDT, has achieved a new milestone, surpassing a market capitalization of $120 billion for the first time.

Tether (USDT) has continued its reign as the dominant stablecoin, setting a new milestone on the TRON network. In September 2024, TRON facilitated a staggering $424 billion in USDT transfers, making it one of the highest monthly transfer amounts ever recorded for the stablecoin.

Stablecoins are rapidly becoming a mainstream digital tool for everyday transactions, with both companies and regular users embracing them for payments.

In a pioneering move for Thailand's financial sector, Siam Commercial Bank (SCB) has officially launched stablecoin-based cross-border payment services, marking what it claims to be the country's first implementation of stablecoins in the traditional banking system for international remittances.