The post Visa, Mastercard, and Stripe Fuel Stablecoin Revolution in Global Finance appeared first on Coinpedia Fintech News Stablecoins are rapidly evolving from a niche segment in the crypto world to a key player in global finance. With major traditional financial institutions like Visa, Mastercard, and Stripe backing stablecoin initiatives, and transaction volumes already surpassing Visa’s network, it’s clear that stablecoins are reshaping the way money moves across borders. Visa, Mastercard, and Stripe Embrace Stablecoins Top financial players are now embracing stablecoins, signaling a broader shift towards mainstream integration. Visa has already launched the Visa Tokenized Asset Platform to support the launch and management of stablecoins and tokenized deposits. Similarly, Stripe is testing stablecoin payments, aiming to provide businesses outside the US and EU with easier access to US dollars. Mastercard has also rolled out features allowing consumers to spend and merchants worldwide to receive payments in stablecoins. Stablecoin Market Overview The stablecoin market is booming, with a total market cap of $243.1 billion, according to Coingecko. Tether (USDT), USDC, and USDS lead the charge, with market caps of $148 billion, $62 billion, and $7.6 billion, respectively. In terms of transaction volume, Tether dominates with over $51 billion, followed by USDC with $11 billion. Stablecoin Transaction Volumes Surge Past Traditional Networks Stablecoins’ weekly transaction volume now exceeds that of Visa, signaling their growing influence in the global financial system. This shift suggests that stablecoins are quickly becoming a mainstream financial tool, challenging traditional payment networks. The Future of Stablecoins: What’s Next? Looking ahead, Chamath Palihapitiya predicts massive growth in the stablecoin sector throughout 2025. He believes the biggest business winner will be US dollar-backed stablecoins, further solidifying their role as a core part of the global financial landscape.
As U.S. tariff policies ease, the crypto market has begun to rebound. Bitcoin has climbed back above $90,000 for the first time in nearly two months, reigniting investor enthusiasm. According to CoinGecko data, since April 22, crypto trading volumes have increased notably compared to the previous week. During the market rebound, crypto loan services have grown increasingly popular. A flexible, low-cost, secure, and reliable loan product can effectively improve users’ liquidity, optimize capital efficiency, and meet diverse investment needs. As a leading global crypto exchange, HTX has made its Crypto Loans service a flagship offering, widely praised for ultra-low interest rates and exclusive “Borrow & Earn” rewards. Industry-Leading Interest Rates: Borrow 100,000 USDT for Less Than 10 USDT Per Day When markets improve, rising demand for loans often drives up interest rates, especially for stablecoins, thereby increasing user costs. To address this pain point, HTX has recently adjusted the interest rates for its Crypto Loans services to further optimize its user experience. Currently, Crypto loans offer a flexible APY of just 3.37% for USDT, significantly below the industry average. At this rate, borrowing 100,000 USDT would cost users only about 9.2 USDT daily. Meanwhile, HTX provides a generous loan limit of up to 20 million USDT, allowing users to flexibly borrow and repay anytime. This flexibility meets a wide range of borrowing needs. Apart from USDT, HTX offers an APY as low as 0.49% for BTC flexible loans and just 2.2% for ETH flexible loans, giving it a clear edge over other platforms. “Borrow & Earn” #6 Is Now Live: Borrow USDT Flexible Loans to Share in a 5 Billion $HTX Prize Pool As part of HTX’s ongoing efforts to reward its users, the “Borrow & Earn” event allows participants to earn rewards simply by borrowing. Since its launch, it has quickly become a flagship campaign, completing five successful phases. With the market gaining momentum, HTX officially launched the 6th phase of the “Borrow & Earn” event at 02:00 (UTC) on April 29, featuring a prize pool of 5 billion $HTX. This event not only further lowers users’ borrowing costs but also stimulates loan needs and improves liquidity in the market. The 6th phase will run until 15:59 (UTC) on May 15, 2025. During the event, users who borrow USDT through HTX’s Crypto Loans Flexible product will earn a share of the 5 billion $HTX prize pool, proportional to the interest paid. The more interest spent, the larger the rewards. HTX’s Crypto Loans and “Borrow & Earn” event epitomize its user-centric philosophy. The platform has remained closely attuned to market trends, gained deeper insights into user needs, and continuously enriched and upgraded its products and services. Seizing the opportunities presented by the crypto market’s recovery, HTX will continue to deliver high-quality, convenient, and diversified financial tools with innovation and professionalism, empowering global users to navigate change with confidence and tap into the limitless potential of the crypto world. About HTX Founded in 2013, HTX has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, research, investments, incubation, and other businesses. As a world-leading gateway to Web3, HTX harbors global capabilities that enable it to provide users with safe and reliable services. Adhering to the growth strategy of “Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance,” HTX is dedicated to providing quality services and values to virtual asset enthusiasts worldwide. To learn more about HTX, please visit HTX Square or https://www.htx.com/ , and follow HTX on X , Telegram , and Discord . For further inquiries, please contact glo-media@htx-inc.com The post HTX Launches “Borrow & Earn #6”: 5 Billion $HTX to Support Crypto Market Recovery first appeared on HTX Square .
The cryptocurrency sector continues to evolve, with recent developments underscoring the importance of **compliance** in the industry. On April 29th, COINOTAG reported that Gate Group’s subsidiary, **Gate Technology FZE**, has
Tether’s recent attestation report reveals XAUT’s substantial gold backing, indicating a strong demand for digital asset security amid economic uncertainty. As traditional markets fluctuate, the rise of crypto-backed assets like
The pulse of the cryptocurrency market is constantly monitored by investors seeking an edge. One popular tool for gauging this collective mood is the Crypto Fear & Greed Index . Recently, this index made a notable move, shifting from a neutral stance firmly into the territory of ‘Greed’. What exactly does this signal, and how should crypto participants interpret this change in crypto market sentiment ? Understanding the Crypto Fear & Greed Index Developed by Alternative.me, the Crypto Fear & Greed Index is designed to provide a simple, quantifiable measure of the general emotion driving the crypto market. It operates on a scale from 0 to 100: 0-24: Extreme Fear – Suggests investors are overly worried, potentially a buying opportunity for the brave. 25-49: Fear – Investors are nervous, cautious sentiment prevails. 50-59: Neutral – The market sentiment is balanced, neither strongly fearful nor greedy. 60-74: Greed – Investors are becoming overly enthusiastic, potentially leading to a market correction. 75-100: Extreme Greed – The market is likely experiencing FOMO (Fear Of Missing Out), often seen as a signal that a correction is imminent. The core idea is based on the age-old investment principle: be fearful when others are greedy, and greedy when others are fearful. The index aims to capture this dynamic in the volatile crypto space. What Factors Influence the Index Score? The index isn’t just a random number; it’s a composite score derived from analyzing several different data points. Each factor contributes a specific weight to the final score: Factor Weight How it Influences the Index Volatility 25% Measures current volatility and maximum drawdown compared to average values. High volatility, especially on price pumps, can increase greed. Market Momentum/Volume 25% Analyzes current volume and market momentum compared to average values. High buying volume and strong upward trends push the index towards greed. Social Media 15% Scans Twitter for specific hashtags and analyzes the speed and sentiment of posts. High engagement and positive sentiment increase the score. Surveys 15% Polls users on their market sentiment (this factor is currently paused by Alternative.me but part of the methodology). Bitcoin Dominance 10% Examines Bitcoin’s share of the total crypto market cap. Rising Bitcoin dominance can sometimes indicate a flight from altcoins into BTC, which can influence overall sentiment perception. Google Trends 10% Analyzes search queries related to cryptocurrencies, looking for terms associated with fear (e.g., ‘Bitcoin price manipulation’) or greed (e.g., ‘buy crypto now’). Analyzing Google Trends crypto searches helps gauge public interest and emotional state. The Recent Shift: From Neutral to Greed As of April 29, the Crypto Fear & Greed Index registered a score of 60. This marked a significant six-point increase from the previous day’s score of 54. This jump was enough to transition the index out of the ‘Neutral’ zone and squarely into the ‘Greed’ zone. This movement suggests that the collective mood of the crypto market has become notably more positive and optimistic in a short period. A score of 60 indicates that while not in ‘Extreme Greed’ territory yet, investors are exhibiting increasing levels of enthusiasm and confidence. This could be driven by various factors, such as positive price movements, favorable news developments, or growing public interest reflected in increased search volume and social media activity. What Does Being in the ‘Greed Zone’ Imply for Investors? Entering the Greed zone crypto is often viewed with caution by seasoned market participants. While rising scores reflect positive price action and growing confidence, they can also be a harbinger of potential risks: Increased FOMO: Higher greed levels often coincide with more investors buying purely out of fear of missing out on potential gains, rather than based on solid analysis. Potential for Correction: When sentiment becomes overly bullish, the market can become overheated, making it more susceptible to sudden downturns as early buyers take profits. Irrational Exuberance: High greed can lead to irrational decision-making, pushing asset prices above their intrinsic value based on hype rather than fundamentals. It’s crucial to remember that the index is a sentiment indicator, not a direct buy or sell signal. A high score doesn’t guarantee a crash, just as a low score doesn’t guarantee a pump. However, it provides valuable context about the prevailing emotional state of the market. How to Use the Index Wisely Amidst Rising Crypto Volatility Given the inherent crypto volatility , the Fear & Greed Index can be a useful tool when used correctly. Here are some actionable insights: As a Contrarian Signal: Some investors use the index as a contrarian indicator. High greed might prompt them to trim positions or avoid new entries, while high fear might signal potential buying opportunities. Combine with Other Analysis: Don’t rely solely on the index. Use it alongside technical analysis (chart patterns, indicators), fundamental analysis (project developments, adoption rates), and macroeconomic factors. Risk Management: During periods of high greed, consider tightening stop-losses or reducing position sizes to protect capital from potential sharp pullbacks. Long-Term Perspective: For long-term holders, the index might be less critical for daily decisions but can offer insight into the overall market cycle and help avoid emotional trading based on short-term fluctuations. The index reflects the current mood, which can change rapidly. Monitoring its movement over time provides a better understanding than focusing on a single day’s score. Conclusion: Navigating the Greed Zone The rise of the Crypto Fear & Greed Index to 60 and its entry into the ‘Greed’ zone signals a clear shift towards increased optimism and enthusiasm in the crypto market. While this reflects recent positive price action and growing confidence, it also serves as a reminder that markets driven by greed can be prone to corrections. By understanding the factors that contribute to the index and using it as one tool among many, investors can better navigate the often-turbulent waters of the cryptocurrency market, making more informed decisions based on insight rather than emotion. To learn more about the latest crypto market trends, explore our article on key developments shaping cryptocurrency price action.
The post With Integrated Off-Ramps, We Can Finally Say Goodbye To Long Crypto Cash-Out Delays appeared first on Coinpedia Fintech News Cryptocurrency has a reputation for being a bit too technical, especially for someone who’s never used digital assets before. And it’s fair to say that for a number of years, that reputation was well-deserved, as even something as innocuous as buying and selling Bitcoin could be an extremely cumbersome task. Back in the early days, the only real way to buy and sell cryptocurrency was to go through an exchange platform of ill repute, such as Mt. Gox or BitcoinMarket.com. These platforms emerged as the primary gateways to crypto, acting as trading venues where people could deposit fiat currency to credit their account, and then start buying and selling various different tokens to their hearts’ content. But doing this wasn’t easy, for these platforms were notoriously difficult to use, with their hard to understand user interfaces and limited payment options making them inaccessible to those with limited technical skills. And until more reputable platforms like Binance and Coinbase emerged, they were also downright risky. Because many exchanges were unregulated, you could never be sure that your funds were entirely safe when buying and selling crypto. And although depositing funds was usually fast, users would often face endless delays when it came to cashing out any profits. The Calamity Of Old-Skool Crypto Cash-outs The challenge of crypto cash-outs in particular stems from the fact that many banks were not particularly enthusiastic about being associated with dodgy crypto exchanges. Not only are these platforms viewed as risky, but cryptocurrencies themselves are also viewed as a haven for cybercriminals, scammers and other suspicious types looking to launder the proceeds of their illicit activities. As highly regulated platforms with a duty to protect their customers, banks often felt compelled to carefully scrutinize any transactions involving cryptocurrency, leading to transfers being frozen for days on end, and sometimes even rejected. Moreover, many banks took the safer option of refusing to deal with crypto exchange platforms at all, prohibiting their users from cashing out their digital assets altogether. This sad state of affairs meant that crypto users became accustomed to long delays when trying to cash out into fiat. The most common challenges with crypto cash-outs were the lengthy processing times, with most exchanges taking several business days to transfer user’s funds to their bank accounts, causing major frustration for consumers who were used to seamless and instantaneous transactions. Cashing out also came at a very high cost, with substantial fees being charged on each withdrawal as a result of multiple intermediaries taking their cut. Another major source of ire was the limited payment and payout options available. With many banks rejecting crypto payments altogether, users in some countries would often find themselves having to open a new bank account just to be able to access digital assets. In a nutshell, cashing out of crypto was an arduous, time consuming and extremely complex process, leading to lots of frustration as users waited nervously, hoping their funds would arrive. These issues would discourage users from cashing out very often, and in some cases it’s likely that people avoided buying and selling crypto altogether. Moving Beyond Exchanges With On-Ramps Crypto is, of course, meant to overcome all of these problems associated with banks, but the paradox is that it can only do this if the traditional financial system plays nicely with it. After all, the vast majority of the world’s money and value remains ensconced within traditional financial systems. This capital needs a reliable “bridge” to the crypto world, so users are given the confidence to transition to this newer system of money. Fortunately, the days when crypto users had to rely on dodgy exchange platforms are now firmly rooted in history, for a new kind of gateway has emerged. They’ve come to be known as crypto “on-ramps” and “off-ramps”, and they’re increasingly being integrated directly with user’s wallets, bypassing the exchange platforms altogether. The most popular crypto on-ramps provide much simpler user interfaces than what we’ve become accustomed to with crypto exchanges. Rather than confusing users with dozens of crypto price charts and lists of hundreds of obscure tokens, most crypto on- and off-ramps look more like modern banking apps, with sleek drop-down menus and clear instructions making them easy for anyone to navigate. These on-ramps are much more focused on fiat integration than traditional exchange platforms, and have put a lot of effort into being regulatory compliant, so banks have the confidence to engage with them. As a result, they can offer a much more rapid and straightforward cash-in and cash-out experience than even the most trusted exchange. Crypto-To-Fiat Made Easy One of the best examples of this is the cash-out experience in Venga’s Web3 superapp, which recently debuted a Venga Euro Accounts feature to enable instantaneous crypto-to-euro and euro-to-crypto transactions for any user. Venga is one of Europe’s fastest-growing crypto wallets, focused on making Web3 a much more consumer-friendly place. It provides a clean and simple UI for users to view their digital asset holdings at a glance, an integrated swap mechanism for exchanging one crypto for another, plus staking and other DeFi features for users to explore opportunities for investing their crypto. One of its standout features is its seamless on- and off-ramps, enabled by Venga Euro Accounts . Crucially, the app supports SEPA Instant Bank Transfers, allowing users to deposit euros from hundreds of European bank accounts into their Venga wallet in seconds. It means they can instantly access the fiat they transfer to their wallet, and set about buying crypto straight away, without needing to wait for the funds to be cleared. When it comes to cashing out, the experience is just the same. Users can swap their crypto for euros instantly, directly within the app, and then select their named European IBAN to instantly withdraw those fiat funds into their linked bank account. Because the user is sending their funds to themself, and they’ve already been pre-approved, it means Venga can do this instantly, without any delays. So the days of frozen transfers, possible hold ups and rejected transactions are truly a thing of the past. Users just move their funds into and out of crypto in seconds, without any hold ups. Move In & Out of Crypto Freely! Introducing the Venga Euro Accounts, a smooth and efficient on-ramp and off-ramp solution: Instant EUR deposits & withdrawals Named European IBAN Easy access to crypto And we have a surprise pic.twitter.com/ouoEFGLRIf — Venga (@Venga_App) April 9, 2025 There are other examples of seamless crypto on- and off-ramps too. For instance, Transak’s integration with Visa Direct is a gamechanger, enabling users to convert crypto funds held in more than 350 popular digital wallets to the local currency of more than 145 countries. According to Transak, it can transfer funds to the average user’s bank account in less than 30 minutes. Maybe not instant, but it’s fast. In both cases, another notable benefit is that these services enable consumers to maintain full custody of their crypto, with no need to temporarily move their funds to a centralized exchange platform for the purposes of cashing out. So they’re much lower risk. Similar services exist that cater strictly to Web3 businesses, enabling DeFi applications and blockchain games to offer an instant cash-out experience to their users. One of the most popular is Yellow Card’s Payment API , which can be integrated within any dApp. It supports multiple payment and payout options, including bank transfers and mobile payment platforms such as Apple Pay and Google Pay. All developers have to do is integrate the API by pasting a few lines of code, and they’ll be able to support the entire onboarding and offboarding process for crypto users directly within their dApps, further simplifying the crypto journey. Crypto Moves Into Cruise Control These innovations are being driven by the desire for greater speed, more efficiency and increased accessibility among crypto users. As the crypto industry matures, the clunky exchange platforms and their notoriously slow and inefficient fiat gateways simply don’t cut it anymore. In a world where people are used to their transactions being settled on the spot, crypto has no choice but to catch up. Crypto itself is built for this brave new world, promising speedy transactions along with the benefits of decentralization and a level of inclusiveness not seen in traditional finance. But the arduously slow and complex process of cashing out has seriously undermined these benefits. But with smoother crypto cash-outs now at our fingertips, that’s no longer the case. Crypto users can finally switch into cruise control, with the ability to move their funds exactly where they need them to be at any given moment.
The DeFi Education Fund, a research and advocacy organization, has petitioned the Trump administration to intervene in the prosecution of Roman Storm, the Tornado Cash co-founder facing criminal charges. According to an April 28 letter directed to White House crypto czar David Sacks, the group urged President Trump to “take immediate action to discontinue the Biden-era Department of Justice’s lawless campaign to criminalize open-source software development.” They argued that Storm’s case is part of a broader overreach that “threatens the very foundation of technological innovation” in the United States. Storm, whom the U.S. Department of Justice charged in August 2023, has been accused of helping launder over $1 billion through Tornado Cash, a popular crypto mixing service. He faces charges of conspiracy to facilitate money laundering, conspiracy to operate an unlicensed money transmitter, and violating U.S. sanctions, offenses that could carry a combined sentence of up to 45 years if convicted. As previously reported by crypto.news, last year Storm filed a motion to dismiss all charges, arguing that Tornado Cash was an immutable, open-source protocol beyond his control. You might also like: Tornado Cash ported to MegaETH testnet after U.S. Treasury lifts sanctions However, U.S. District Judge Katherine Polk Failla denied the motion in September 2024, ruling that the indictment met the legal threshold to proceed to trial. A subsequent bid for reconsideration was also rejected in February 2025. In their letter, the DeFi Education Fund argued that the Department of Justice is pushing an “unprecedented theory” by attempting to hold developers liable for how others use their code, even when they have “no control over those third parties or user assets.” They warned that if left unchecked, this legal approach “freezes” open-source development altogether. The group also pointed out that Storm’s prosecution appears to contradict earlier Treasury Department guidance issued during Trump’s first term , which clarified that developers of self-custodial, peer-to-peer protocols are not considered money transmitters under federal law. “We in the blockchain industry have relied on that guidance in good faith since 2019,” the letter stated. Further, the letter warned that beyond Storm’s individual case, the DOJ’s actions create a legal environment that “empowers politically-motivated enforcement” and puts every open-source developer at risk, regardless of industry. “No one writing code in good faith should have to fear prosecution for the actions of strangers,” the letter said, arguing that innovation in fields like financial technology, artificial intelligence, and even healthcare could be stifled if developers are held liable for how their tools are used. Achieving the goal of making America the “crypto capital of the planet,” they said, requires protecting the very builders who create the underlying technology. “We ask President Trump to protect American software developers, restore legal clarity, and end this unlawful DOJ overreach,” the group wrote, adding that the stakes “could not be higher” for the future of crypto innovation in the U.S. Meanwhile, support for the petition is growing, with more than 253 signatures as of press time from various industry leaders, including Ethereum core developer Tim Beiko, Paradigm co-founder Matt Huang, and Bankless co-founder Ryan Sean Adams. Read more: Coinbase legal chief slams U.S. Treasury’s bid to dismiss Tornado Cash suit
FTX Trading Ltd. and the FTX Recovery Trust have filed lawsuits against NFT Stars Limited and KUROSEMI INC., the company behind the gaming platform Delysium, for failing to deliver tokens owed to the FTX estate. The action was announced in an Apr. 28 press release. The complaints, filed in a Delaware bankruptcy court, accuse the two issuers of breaching their contracts by withholding assets that FTX claims are essential to its recovery efforts. FTX said it made repeated attempts to engage with NFT Stars and Delysium before turning to litigation. “We urge token and coin issuers to return assets that rightfully belong to FTX,” the estate said in the statement. “Our team continues to work tirelessly to maximize recoveries for the FTX Estate and return funds to creditors.” (1/3) FTX today announced that to recover estate assets, FTX has commenced legal action against certain token and coin issuers which own FTX assets and have been unwilling to engage. — FTX (@FTX_Official) April 29, 2025 FTX’s legal team, led by Sullivan & Cromwell LLP, warned that more lawsuits are expected if other issuers do not cooperate. As part of its larger asset recovery strategy, the estate is actively reaching out to other token and coin issuers and intends to file lawsuits against non-responsive parties. You might also like: Shaquille O’Neal reaches confidential settlement in FTX endorsement lawsuit The lawsuits come as FTX moves forward with its second round of creditor distributions. Following a bankruptcy court-approved plan in October 2024, FTX aims to repay 98% of creditors 119% of their claim values. The second round of payments, which includes Customer Entitlement Claims and General Unsecured Claims, is set to begin on May 30. FTX collapsed in November 2022 after revelations that founder Sam Bankman-Fried misused $8 billion in customer funds. Under the leadership of bankruptcy specialist John Ray III, the estate has recovered between $14.5 billion and $16.3 billion to date. The outcome of the lawsuits against NFT Stars and Delysium could play a role in further boosting creditor repayments as FTX pushes to close one of crypto’s biggest bankruptcy cases. Read more: Backpack launches fund claim process for EU customers following acquisition of FTX’s EU arm
COINOTAG News reports that Upbit, a prominent South Korean cryptocurrency exchange, is set to expand its offerings by listing SIGN trading pairs against major currencies including KRW, BTC, and USDT.
The Texas court invalidated sanctions on Tornado Cash, emphasizing legal protocols. Coinbase's Chief Legal Officer praised the ruling and criticized OFAC's methods. Continue Reading: Tornado Cash Sees Hope as Court Overturns Previous Sanctions The post Tornado Cash Sees Hope as Court Overturns Previous Sanctions appeared first on COINTURK NEWS .