On June 24, 2025, the stablecoin market capitalization reached a record $251.7 billion, marking a 22% increase in 2025. This surge follows the U.S. Senate's passage of a regulatory bill aimed at governing the stablecoin sector. This legislation is expected to increase investor confidence and promote further growth. (Source: Reuters, June 18, 2025)
FalconX is joining Lynq, a platform developed in partnership with Arca Labs, Tassat Group, and tZERO Group, to serve as a settlement layer. Lynq's CEO, Jerald David, stated that access to the Lynq Network is free, with no transaction fees. The final user acceptance testing phase for Lynq commenced on June 20, 2025. (Source: Reuters, June 18, 2025)
The GENIUS Act mandates that stablecoins be fully backed by U.S. dollars or highly liquid assets. It also requires annual audits for issuers with over $50 billion in market capitalization. This regulatory push is a step toward legitimizing this growing niche in the cryptocurrency market. (Source: Reuters, June 18, 2025)