Stablecoin transaction volume surpassed the US Automated Clearing House network for the first time in February, a significant milestone for an asset class that has existed for less than 12 years.According to data from blockchain analytics platform Artemis, the total 30-day adjusted rolling stablecoin volume hit $7.2 trillion in February, beating the Automated Clearing House network at $6.8 trillion.The data is based on 30-day rolling adjusted volume of stablecoin transactions in US dollars, excluding MEV activity and intra-centralized exchange transactions, comparing this to the daily average volume of other financial systems.”Stablecoins are quietly becoming the foundational infrastructure for global payments:…

Key takeaways:Private credit risks and weak US jobs market data drive Bitcoin lower, but is there a silver lining?Institutional Bitcoin ETF outflows and miner sales test BTC’s strength, but the Federal Reserve’s options for addressing the federal deficit may also favor scarce assets.Bitcoin (BTC) faced rejection at $69,000 on Wednesday after President Donald Trump’s speech failed to guarantee an end to the war in Iran. Oil prices soared following the speech and beyond traders’ war-related worries, tumult in the private credit markets is also taking a toll on investor confidence across multiple markets.While Bitcoin has successfully defended the $66,000 level…

AI & Crypto

Read More

Politics

Don't Miss!