Research jointly produced by Coinbase and The Block shows rapid growth in stablecoin transfer volumes, with roughly 73% of transfers occurring outside traditional banking hours. On an adjusted basis, quarterly transfer volume is projected to reach $1.5 trillion by end-2027. Notably, growth is concentrated in transaction frequency rather than market capitalisation, which stayed broadly flat over the past year.
The Block reported that US spot bitcoin ETFs recorded a 2.4 dollar net inflow last week, the largest weekly haul since October 2024, pushing year to date net flows back above zero after spending much of the summer in deficit.
Bank of New York Mellon, one of the oldest banking institutions in the United States, has announced the integration of cryptocurrency staking services into its digital asset custody platform, providing institutional investors with a more complete digital asset service chain.
Vanguard, one of the world’s largest asset managers with trillions under management, is hiring a digital assets executive, signaling the traditional finance giant’s accelerating entry into the cryptocurrency market.
State Street, one of the world largest custodian banks, partners with Galaxy to launch a tokenized fund enabling institutions to manage cash around the clock using stablecoins