- August 22, 2025
- Posted by: admin
- Category: BitCoin, Blockchain, Cryptocurrency, Investments
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Today in crypto, Coinbase forecasts that the US dollar-backed stablecoin market will eclipse $1 trillion in three years, the European Union is reportedly exploring Ethereum and Solana for its digital euro central bank digital currency (CBDC), and data revealed that the top 13 most profitable YZY wallets made off with almost $25 million trading the Kanye West-linked token.
The US dollar-pegged stablecoin market is projected to reach $1.2 trillion by 2028, driven by comprehensive US regulations and growing recognition of the asset’s utility, according to new research from Coinbase.
The cryptocurrency exchange noted that as stablecoins continue to expand, the US Treasury market will need to grow as well, since issuers rely on short-term T-Bills to back their collateral. Coinbase also downplayed concerns that this expansion would cause a sharp drop in Treasury yields.
