Stablecoins are gaining traction, with a 700% increase in adoption over the past year. This rise coincides with a noticeable decline in the usage of traditional money transfer apps like Western Union and MoneyGram. Meanwhile, Ethereum’s new Frax Finance stablecoin, backed by BlackRock’s BUIDL fund, aims to enhance the bridge between fiat and cryptocurrency. In the political arena, Bitcoin advocate Pierre Poilievre leads as Canada’s next potential PM on Polymarket, though he lags on Kalshi. Binance predicts a sustained growth for the crypto market in 2025, despite recent volatility. Additionally, Bitcoin miners are expected to soar in 2025, driven by AI hosting and BTC yield strategies.
Source: cryptoslate.com
