irisj3588

@irisj3588

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Cryptocurrency researcher Steno Research expects USDC’s circulating supply to more than double during 2025, reaching highs of around $100 billion.

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“This growth hinges on a critical assumption: that Tether, the largest stablecoin, remains unregulated within the European Union,” Steno said, adding:

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Accelerating stablecoin adoption is particularly bullish for decentralized finance (DeFi), as “stablecoins are the on-ramp to decentralized finance,” Citi said.

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In December, Grayscale added several DeFi applications, including two on Solana, to its list of the top 20 tokens to watch in the first quarter of 2025. They include Ethena, Jupiter and Jito.

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On Jan. 1, cryptocurrency prediction platform Polymarket said the odds of a US Solana ETF listing in 2025 are around 77%. In a post on the X platform, Sigel described Polymarket’s forecast as “underpriced.”

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Sigel’s optimism mirrors industrywide expectations of more crypto ETF listings in the US after President-elect Donald Trump’s November election win. Pro-crypto Trump said he wants to make America “the world’s crypto capital.”

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Prediction markets work by letting users trade contracts tied to specific events, with prices fluctuating dynamically based on expected outcomes. Polymarket’s projected ETF listing odds increased to approximately 84% as of Jan. 2, according to its website.

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Industry analysts see Trump’s presidential win as a green light for more than half a dozen proposed crypto ETFs waiting on regulatory approval to list in the US.

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In November, shortly after Trump’s victory in the US presidential race, Sigel reportedly said the odds of the US greenlighting a SOL ETF in 2025 are now “overwhelmingly high.”

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During the US elections in November, betting platforms proved more accurate than traditional polling, forecasting not only Trump’s win but also his party’s sweep of the US House and Senate.

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During the US elections in November, betting platforms proved more accurate than traditional polling, forecasting not only Trump’s win but also his party’s sweep of the US House and Senate.

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Eric Council Jr., the individual who allegedly hacked the United States Securities and Exchange Commission’s X account in January and posted a message suggesting that Bitcoin exchange-traded funds (ETFs) had been approved, will be allowed to travel for the holidays.

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However, an October survey of Salvadorans found that 92% don’t make transactions using Bitcoin, an increase from a 2023 survey that found 88% didn’t use Bitcoin for transactions.

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“Bitcoin use in El Salvador was always voluntary and its usage has never been higher and continues to grow,” Keiser said in another X post. “The IMF’s point is DOA [dead on arrival].”

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In reaction to the IMF’s announcement, Bukele’s Bitcoin adviser Max Keiser said on X of the IMF that “nobody pays attention to these assh****” and called the agreement “bureaucratic, meaningless, nonsense.”

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The IMF has long called on Bukele to drop its Bitcoin plans, saying the speculative nature of the cryptocurrency could put the country at risk.

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“We will keep buying one Bitcoin a day (likely even more in the future), and we will not sell any of our current holdings,” said the spokesperson, who added: “The plans for the Bitcoin Office remain the same as Bitcoin continues to be our main strategy.”

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A National Bitcoin Office spokesperson told Cointelegraph that the country “will keep accumulating Bitcoin.”

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El Salvador began buying Bitcoin in 2021 with the country’s National Bitcoin Office’s tracker showing it currently holds 5,968.8 Bitcoin, worth about $602 million.

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IMF also said taxes will be paid in US dollars — the country’s official currency — and government involvement in the state-backed crypto wallet Chivo “will be gradually unwound.”

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