SoFiUSD stablecoin launch: SoFi expands bank-backed token

The post Solana Records 97% Tokenized Equities Volume as SoFi, Cash App Join the Network appeared on BitcoinEthereumNews.com. TLDR: Solana captured 97% of cumulative tokenized equities spot trading volume, setting a new market record this week. SoFi launched the first stablecoin from a U.S. nationally chartered bank, SoFiUSD, natively on Solana. Cash App rolled out USDC support on Solana, opening stablecoin access to millions of everyday retail users. Mayan bridged over one million external wallets and moved $2.5 billion in stablecoins across Solana this week. Solana recorded a busy week of launches, integrations, and milestones across payments, tokenized assets, and developer infrastructure. Major financial institutions and consumer apps moved onto the network. Stablecoin support expanded through platforms familiar to everyday users. Tokenized equities trading on Solana also reached a new record. The week’s activity covered traditional finance, decentralized lending, privacy tools, an

The post Stablecoin Count Nears 400 as SoFi Deploys Bank-Grade Infrastructure to Match Surging Issuance appeared on BitcoinEthereumNews.com. TLDR: Stablecoins on CoinGecko grew from under 50 in 2018 to nearly 400 in 2025, with issuance still rising fast. SoFiUSD became the first bank-issued stablecoin available inside a U.S. consumer banking app on May 27. SoFi’s Galileo platform serves 160 million accounts, giving SoFiUSD institutional distribution beyond its own users. SoFiUSD is fully backed by Federal Reserve cash, setting it apart from mixed-reserve crypto-native stablecoin issuers. Stablecoins listed on CoinGecko have grown from under 50 in 2018 to nearly 400 in 2025, with issuance still accelerating. That volume of capital requires disciplined credit infrastructure to match it. SoFi Technologies made a direct move in that direction on May 27, launching SoFiUSD to all 14.7 million banking app members. The token redeems 1:1 for U.S. dollars and runs on Ethereum and Solana. Source:

The post Stablecoin Scale Shock: $322B Reshapes Crypto Markets appeared on BitcoinEthereumNews.com. Crypto now runs on a $322 billion base layer of on-chain dollars. That scale is not just a headline; it rewires how exchanges quote prices, how brokers settle, how DeFi routes liquidity, and how regulators think about systemic risk. The market’s core unit of account is, increasingly, a stablecoin. In late May, aggregated trackers showed stablecoin capitalization at a fresh record near $322B, a sum that rivals the foreign-exchange reserves of most countries, underscoring how large the “crypto dollar” market has become (CryptoBriefing (citing DefiLlama / CoinDesk)). A crucial nuance is concentration. Public on‑chain data in mid‑May indicated Tether’s USDT at roughly $189.63B (58.8%) and Circle’s USDC near $78.96B (24.5%), together ~83.3% of supply (Analysis Atlas). When so much liquidity depends on so few issuers, the entire market’s microstructure adapts around their policies, reserves, a

The post USDT Market Cap Explained as $1.2B Disappears in Sudden Redemption Wave appeared on BitcoinEthereumNews.com. TLDR: USDT supply fell as large redemption waves removed over $1.2B from circulation in 24 hours. Market cap changes reflect minting and burning cycles tied to stablecoin demand flows data. Chain swaps and treasury transfers can distort short-term USDT supply readings across networks. Liquidity trends in stablecoin markets often act as early indicators of crypto capital rotation. $USDT minting and redemption flows drive stablecoin liquidity across exchanges and institutional desks, with recent data showing a sharp contraction following large-scale redemption activity in short-term markets. Liquidity Rotation and $1.2B Supply Contraction Signal The recent $1.2B reduction in USDT Market Cap reflects a concentrated redemption wave across major trading platforms. This movement indicates that large holders converted stablecoins into fiat, reducing circulating liquidity acros

The post Phantom Tops Hyperliquid With $20M Revenue appeared on BitcoinEthereumNews.com. Phantom tops Hyperliquid builders with over $20.6M in revenue, while Based ranks second and MetaMask ranks fourth. Phantom has become the top revenue builder on Hyperliquid, based on CoinGecko figures cited in the report. The wallet generated more than $20.6 million through the builder program, while other apps and wallets followed with different fee models. Phantom Holds Top Builder Spot CoinGecko data shows Phantom generated $20,630,022 in cumulative builder revenue on Hyperliquid. The figure made Phantom the largest builder by revenue in the program so far. Phantom accounted for 31.8% of total revenue among the top 10 Hyperliquid builders. The Solana-native wallet also recorded 137,496 users, the largest user count in the group. Phantom Earns Over $20.6 Million Through Hyperliquid Builder Program CoinGecko data shows Phantom has generated over $20.6 million in cumulative revenue as the largest b

Phantom tops Hyperliquid builders with over $20.6M in revenue, while Based ranks second and MetaMask ranks fourth. Phantom has become the top revenue builder on Hyperliquid, based on CoinGecko figures cited in the report. The wallet generated more than $20.6 million through the builder program, while other apps and wallets followed with different fee models. […] The post Phantom Leads Hyperliquid Builders With Over 20M in Revenue From Program So Far appeared first on Live Bitcoin News.

The post Cardano Takes The Lead As Stablecoin Market Valuation Rises 61% appeared on BitcoinEthereumNews.com. Cardano’s total stablecoin market cap has climbed to roughly $54.88 million, a 15% jump from where it stood in early March 2026. That figure captures just how quickly liquidity has been building on the network over the past several weeks. USDCx Drives the Surge Circle’s USDCx now commands the largest share of Cardano’s stablecoin market at 45.20%, with USDM at 26.90%, USDA at 15.45%, and DJED at around 5.90%. Data from Cexplorer shows that nearly 8 million USDCx were minted within just the last two days of the reporting period. According to Messari data, Cardano recorded a 61% rise in stablecoin market cap over the past seven days — the highest among major blockchain networks tracked during that period. Polygon came in second at 36%, followed by World Chain at 10.3%, HyperEVM at 7.4%, and XDC Network at 3.5%. Net stablecoin flow for the current epoch on Cardano has reached appr

The post Binance Loses $1.2B in Stablecoin Outflows as Crypto Liquidity Dries Up in May appeared on BitcoinEthereumNews.com. TLDR: Binance recorded $1.2B in net stablecoin outflows in May, reversing two months of positive inflows. Bitcoin dropped 3.5% in May while the S&P 500 and Nasdaq posted gains of 5.15% and 10.5% respectively. Binance stablecoin reserves have fallen from $51B to $44B since November 2024, a decline of 13.7%. Analysts describe Bitcoin’s current rebound as technical, not backed by consistent liquidity-driven momentum. Binance stablecoin outflows reached approximately $1.2 billion in May 2025, marking a sharp reversal from the two prior months of positive inflows. This shift came even as traditional equity markets posted strong monthly gains. The S&P 500 rose 5.15%, while the Nasdaq climbed 10.5%. Bitcoin, however, closed the month down 3.5%, reflecting a disconnect between crypto and equities. Liquidity is not flowing into the digital asset market at this time. Crypt