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Citigroup has invested in stablecoin infrastructure provider BVNK through Citi Ventures, just months after warning that the cryptos could drain deposits from traditional banks BVNK’s platform serves as an onramp and offramp for customers to move money between fiat and crypto. It is also backed by US crypto exchange Coinbase and fund manager Tiger Global Management. The investment underscores TradFi’s shift from caution to participation in the stablecoin ecosystem after the US GENIUS Act provided regulatory clarity over their status. BVNK Valuation Exceeds $750 Million After Citi Investment T he company has declined to disclose the amount Citi invested or at what valuation. But co-founder Chris Harmse recently confirmed that the investment has pushed its valuation well above the $750 million that was disclosed at its latest funding round. BVNK currently finds itself in a competitive market alongside newcomers such as Alchemy Pay, TripleA and even the well established Rip...

USDD is a Justin Sun-founded stablecoin that advertises a 20% yield paid to users who are willing to lend the token. Over its several years of existence, it has destroyed its DAO, abandoned its roadmap, and has highly concentrated holdings. Even now, there are two separate protocols that exist, both with hundreds of millions in circulating supply and substantial differences in how they function. Both also raise serious concerns about Sun’s role and about how these coins are managed. USDD 1.0 USDD was launched as an algorithmic stablecoin modeled after the Terra/Luna system but paying even higher unsustainable interest rates to users. However, the coin quickly abandoned its original roadmap to be integrated into the core of the TRON network and become a strangely collateralized stablecoin operated in concert with several partners, including the fraudulent trading firm Alameda Research. It also advertised that it was governed by a decentralized autonomous organiz...

A main economic indicator is flashing signs of a recession and has historically been accurate for the last five decades. The indicator called the Heavy Truck Index which tracks the performance of the 10-month moving average of heavy truck sales is showing signs of a downturn after its recent peak. Guilherme Tavares, the CEO of i3 Invest wrote that every time this occurred, the economy has slipped into a recession. He shared a chart on X indicating that the US might be less than three months away from a downturn. His prediction comes at a time when Dow Jones, Nasdaq, and the S&P 500 index hit new highs this year but are facing a bloodbath after Trump’s renewal of tariffs. Source: X / Guilherme Tavares Also Read: Buy Cardano Now: Potential 550% Upswing Predicted, New Target $3.85 Recession Likely To Arrive Before October 2025 Source: Dado Ruvic / Reuters / CNBC Tavares wrote that heavy truck sales are a reliable indicator that highlights the chances of a recession. The downturn...

Dollar stablecoins could reach $2 trillion in market cap as the US Treasury actively supports legislation to boost stablecoin adoption. Treasury Secretary Scott Bessent projects this massive growth will strengthen crypto regulation and drive DeFi growth worldwide. The GENIUS Act creates the regulatory framework needed for dollar stablecoins to cement America’s digital currency dominance. Also Read: Circle and Matera Join Forces to Power Global Stablecoin Use Stablecoin Adoption, Regulation, And DeFi Growth In A $2T Market Source: Watcher.Guru Treasury Secretary’s $2 Trillion Vision Treasury Secretary Scott Bessent has made ambitious estimates of dollar stablecoins, and he is focusing on how they could revolutionize international finance today. The US Treasury faces a huge potential in facilitating the adoption of stablecoins by establishing a comprehensive regulation of crypto assets. At the time of writing, Bessent has been quite vocal about his projections. During recent S...