Stablecoin News and Market Trends for Binance and Tron

Binance USD (BUSD) has seen significant growth, with its market capitalization increasing by 25% in the past quarter, according to recent data.

Binance has been actively promoting the use of BUSD as a settlement currency for its futures contracts, which has contributed to its increased adoption.

Tron's stablecoin, USDD, has also been gaining traction, with its 24-hour trading volume reaching $1.3 billion.

The growing demand for stablecoins like BUSD and USDD is largely driven by the need for a reliable store of value in the cryptocurrency market.

Stablecoins are being explored by the world's banking giants, with Societe Generale – Forge opening its euro-backed stablecoin to retail investors earlier this year.

Visa launched a tokenization network in October for banks to issue stablecoins, and is collaborating with BBVA on a pilot in next year, as well as in talks with many other banks.

Banks require regulatory certainty to issue stablecoins at scale, according to Nikola Plecas, head of commercialization, Visa Crypto.

Historically, cross-border payments have been fraught with inefficiencies, including high fees, lengthy processing times, and opaque intermediaries.

Stablecoins can enable near-instantaneous settlement of international transactions at a fraction of the cost associated with traditional banking channels.

Blockchain solutions and stablecoins have found product-market fit in cross-border payments, according to Sheraz Shere, general manager of payments and commerce at Solana Foundation.

Using cryptocurrencies for cross-border payments could be the winning use case for the sector, with blockchain-based cross-border solutions, particularly stablecoins, being embraced by firms looking to expand internationally.

Here's the latest scoop on stablecoins.

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USDT balance on TRON has reached a near-all-time high, which is a significant development in the stablecoin space. The USDT balance on TRON is a key metric that indicates the adoption and usage of USDT on the TRON network.

Tether, the issuer of USDT, has seen a significant increase in its market capitalization, jumping $37 billion and hitting a record high since Trump's victory. This growth is a testament to the increasing popularity and acceptance of stablecoins.

Tether has also marked a $13 billion profit in 2024, with its T-Bill holdings reaching an all-time high. This financial performance is a significant achievement for the company and highlights the stability and security of USDT.

Binance has seen a significant increase in its stablecoin exchange reserve recently. This is a bullish sign for volatile assets like Bitcoin.

The stablecoin Binance reserve has shot up recently, with its on-chain indicator, the "Exchange Reserve", measuring the total amount of a given asset sitting in the wallets of one or more centralized exchanges. This trend implies that investors are potentially interested in trading their stablecoins for volatile assets.

The value of the Exchange Reserve has gone up, indicating that investors are depositing a net amount of the token to these platforms. This means there is demand in the market for trading away the stablecoin.

The peak in this spike came ahead of Bitcoin's top, implying that the buying from these stablecoin holders played a role in the run. This shows that stablecoins can have a positive impact on the price of volatile assets.

The supply on the platform has declined slightly since the peak, but there may still be plenty of fuel waiting to be deployed into Bitcoin and others. This suggests that the growth in stablecoin exchange reserve is not yet over.

Ripple buys the highs, and it's not just a phrase. The total value of all stablecoins on the market has risen 56% since January, according to DefiLlama.

Stablecoins are pegged to the price of a national currency, like the dollar or the euro. They're backed by cash and cash equivalents like US Treasuries.

Tether has seen a major boon from stablecoins. Tether posted first-half treasury holdings of $5.2 billion, generated from those very Treasuries.

Ripple is taking note of this trend. They see it as a great business opportunity, especially since RLUSD will also be backed by treasuries.

The USDT balance on Tron is nearing an all-time high. This is a significant development in the world of stablecoins.

According to recent reports, the USDT balance on Tron is on the rise, with many investors turning to this platform for their stablecoin needs. Tether, the issuer of USDT, is expanding its dealmaking beyond the crypto space, which may be contributing to the growth in USDT balances.

The stablecoin market cap has jumped $37 billion, hitting a record high since Trump's victory. This surge in stablecoin adoption is a clear indication of the growing demand for these types of assets.

USDT balance on Tron nearing an all-time high is a testament to the growing popularity of stablecoins. With more investors looking for stable and secure assets, platforms like Tron are likely to continue seeing increased adoption.

Tether, the issuer of USDT, has marked a $13 billion profit in 2024, with T-Bill holdings reaching an all-time high. This financial performance is a clear indication of the success of USDT and the stablecoin market as a whole.