Global #stablecoin

The crypto market is seeing a major influx of liquidity, with the total stablecoin supply on the Ethereum (ETH) network reaching an all-time high of approximately $130 billion.

The ENA token from Ethena has seen a significant price increase, up 5.5% in a single day and 70% over the last three months. This rally is supported by strong technical indicators and a new strategic direction for the protocol.

Tether's USDT is now a dominant force in the blockchain ecosystem, responsible for a significant 40% of all transaction fees across nine major networks.

Remitly, a global remittance company, is introducing stablecoin functionality to its payment network to improve the speed and efficiency of international money transfers.

Bitcoin is showing signs of recovery, trading just above the $115,000 mark after a volatile week that saw over $1 billion in leveraged positions liquidated.

Financial giant Charles Schwab is making a significant foray into the cryptocurrency market, announcing plans to develop its own stablecoin and introduce spot Exchange-Traded Funds (ETFs) for both Bitcoin and Ethereum.