Crypto World
Wallet Founder Warns of Coordinated Scam Targeting XRPL Users
XRPL users face coordinated scam surge, wallet founder says, as attackers deploy phishing, fake apps, and sign requests globally.
Xaman Wallet founder Wietse Wind has said that a “massive XRPL targeted scam effort” is underway, warning users about fake sign requests, phishing emails, and impersonation accounts.
His alert points to a rise in social engineering attacks aimed at crypto holders rather than flaws in the blockchain code.
A Multi-Pronged Attack on XRPL Users
Wind wrote on X on February 16 that he had spent the weekend adding new filters and alerts to Xaman Wallet after detecting coordinated attempts to trick users into signing malicious transactions.
He listed several methods seen in recent days, including scam NFTs that promise token swaps, fake desktop wallet apps, and direct messages posing as support staff. The official wallet account repeated the warning, telling users not to click links, respond to DMs, or connect wallets to unknown websites.
According to Wind, the attacks usually focus on manipulating users rather than breaching software, with the scammers expanding beyond social media and sending phishing emails even though Xaman does not store user email addresses, suggesting attackers are relying on leaked data from unrelated breaches.
The tricksters are also reportedly promoting fake “desktop wallets,” despite Xaman being a strictly mobile application. Some fraudulent projects are even promising free tokens in exchange for users’ secret keys.
Wind stressed that funds will stay safe if people avoid approving unknown transactions or sharing their keys.
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“No matter the amount of warnings, detection, filtering, alerts in the app and here on social: no scammer can get you if you don’t willingly / unknowingly interact with them,” he advised. “Your funds are perfectly safe in Xaman Wallet: just don’t sign any transaction you don’t trust, and don’t interact with anyone promising you free tokens.”
Scams Moving Beyond DeFi Exploits
The XRPL scam wave reflects a troubling industry-wide trend, with a PeckShield report from earlier in the year revealing that crypto scams and hacks drained more than $4.04 billion in 2025.
Of that total, $1.37 billion came from scams alone, a 64% increase from 2024. The firm said attackers are shifting toward tailored phishing campaigns that target individuals with large holdings instead of relying only on technical exploits.
Furthermore, the PeckShield report also found that centralized platforms and companies accounted for about 75% of stolen funds last year, up from 46% in 2024.
These high-value thefts tied to deception extend beyond software wallets. On January 17, 2026, blockchain investigator ZachXBT reported that a victim lost about $282 million in Bitcoin (BTC) and Litecoin (LTC) through a hardware wallet scam. According to his findings, the attacker later moved the funds through THORChain and converted them to Monero (XMR).
Wind’s posts framed the latest campaign as a reminder that wallet security often depends on user decisions.
“This is a cat and mouse ‘game,’ and the scammers will not win,” he stated.
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The gold price recently plunged in one of the sharpest one-day declines in decades after briefly topping $5,600 per ounce. Yet, traders continue to place aggressive bets that the metal could surge to $20,000 or more.
The divergence highlights a market driven by macroeconomic forces, speculation, geopolitical uncertainty, and shifting central bank behavior.
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Massive Bullish Gold Bets Despite Volatility
According to market commentary from traders and analysts, roughly 11,000 contracts tied to December $15,000/$20,000 gold call spreads have been accumulated.
“Gold $20,000 calls surge despite record selloff. Deep out-of-the-money bullish bets on gold are building even after a historic correction… The position has since grown to roughly 11,000 contracts, even with prices consolidating near $5,000,” commented Walter Bloomberg.
This optimism comes even as the XAU price consolidates near $5,000. The scale of these trades is striking, given the distance from current prices.
Such trades function as low-cost, high-upside wagers. For the spreads to expire in the money, gold would need to nearly triple by December, a scenario that would require a major macroeconomic or geopolitical shock.
Yet the presence of these bets has already affected market forces, pushing implied volatility (IV) higher in far-out-of-the-money calls and signaling demand for extreme upside exposure.
Against this backdrop, some analysts argue that gold’s broader trajectory remains intact despite recent turbulence.
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“If you start zooming out on the macroeconomic factors, then it’s quite clear that the markets of Gold haven’t peaked at all. Yes, they can peak in the short term and have a 1-2 year consolidation period, but that doesn’t mean we aren’t in a larger bull market in Gold. As a matter of fact, I think we are. That’s why I’m buying Gold in the next 30-50% dip,” expressed Macro analyst Michael van de Poppe.
This perspective reflects a growing view among macro investors that gold’s rally is tied to structural shifts in the global financial system rather than purely cyclical factors.
Bull Market or Temporary Pause as Short-Term Constraints Remain?
Despite bullish long-term narratives, near-term volatility remains high. Commodities strategist Ole Hansen recently noted that gold rebounded above $5,000 after softer US inflation data pushed bond yields lower and revived expectations for interest-rate cuts.
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This suggests that while macro tailwinds exist, trading activity and liquidity conditions, particularly in China, can significantly influence short-term price moves.
The bullish sentiment comes alongside a surge in speculative activity across metals markets. Trading volumes in Chinese aluminum, copper, nickel, and tin futures contracts have soared to levels far exceeding historical norms, driven in part by retail investors.
Exchanges have repeatedly tightened margin requirements and trading rules to curb excessive speculation, reflecting the scale of the frenzy.
Such conditions often amplify price swings, creating both rapid rallies and sharp corrections.
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Another factor reinforcing the gold narrative is central-bank diversification. Economist Steve Hanke has pointed to China’s shift away from US Treasuries toward gold reserves, a trend widely interpreted as part of a broader move to reduce reliance on dollar-denominated assets.
This pattern has fueled speculation that gold could play a larger role in global reserves if geopolitical tensions or currency instability intensify.
However,not everyone is convinced the rally is sustainable. Commodity strategist Mike McGlone has cautioned that the metals sector may be overheating, drawing parallels to previous peaks where extreme positioning preceded corrections.
Stretched valuations, elevated volatility, and surging speculative flows could leave markets vulnerable to another sharp downturn if macro conditions shift.
A global survey commissioned by BVNK and conducted by YouGov found that 39% of crypto users and prospective users across 15 countries receive income in stablecoins, while 27% use them for everyday payments, citing lower fees and faster cross-border transfers as key drivers.
The survey of 4,658 respondents, conducted online in September and October 2025 among adults who currently hold or plan to acquire cryptocurrency, found that stablecoin users hold an average of about $200 in their wallets globally, though holdings in high-income economies average around $1,000.
It also found that 77% of respondents would open a stablecoin wallet with their primary bank or fintech provider if offered, and 71% expressed interest in using a linked debit card to spend stablecoins.
Those who receive income in stablecoins said the assets account for about 35% of their annual earnings on average, and those using them for cross-border transfers reported fee savings of about 40% compared with traditional remittance methods.
More than half of the crypto holders have made a purchase specifically because a merchant accepted stablecoins, increasing to 60% in emerging markets, while 42% said they want to use stablecoins for major or lifestyle purchases compared with 28% who currently do so.
Ownership was higher in middle- and lower-income economies, where 60% of respondents said they hold stablecoins, compared with 45% in high-income economies. Africa recorded the highest ownership rate at 79% and the strongest reported increase in holdings over the past year.
Multiple tokens preferred
A BVNK spokesperson told Cointelegraph that the study was designed to examine usage patterns among existing and prospective crypto users rather than measure broader population-level adoption.
They also said respondents tend to hold a range of dollar- and euro-pegged stablecoins rather than relying on a single issuer, suggesting users often maintain balances across multiple tokens.
When asked where they prefer to manage stablecoins, 46% of respondents selected exchange platforms, followed by payment apps with crypto features like PayPal or Venmo at 40%, and mobile crypto wallet apps at 39%. Only 13% said they would prefer to hold stablecoins in a hardware wallet.
BVNK is headquartered in London and was founded in 2021 as a stablecoin-focused payments infrastructure provider for enterprises. In June, it partnered with San Francisco-based Highnote to introduce stablecoin-based funding for the embedded finance platform’s card programs.
Related: When will crypto’s CLARITY Act framework pass in the US Senate?
Stablecoins move into regulated payroll systems
With the passage of the GENIUS Act in the United States and the implementation of Europe’s Markets in Crypto-Assets Regulation, stablecoins are increasingly being integrated into global payroll systems as companies expand digital asset settlement options for wages and cross-border payouts.
On Feb. 11, global payroll platform Deel said it will begin offering stablecoin salary payouts through a partnership with MoonPay, starting next month with workers in the United Kingdom and European Union before expanding to the US.
Under the arrangement, employees can opt to receive part or all of their wages in stablecoins to non-custodial wallets, with MoonPay handling conversion and onchain settlement while Deel continues to manage payroll and compliance.
Enterprise activity in the sector has also accelerated. Paystand recently acquired Bitwage, a platform focused on cross-border stablecoin payouts, expanding digital asset settlement and foreign exchange capabilities across Paystand’s B2B payments network, which has processed more than $20 billion in payment volume, according to the company.
Because stablecoins are typically pegged 1:1 to fiat currencies such as the US dollar or euro, they offer price stability that makes them better suited for payments than cryptocurrencies that can fluctuate sharply in value.
According to DefiLlama, the stablecoin market currently stands at $307.8 billion, up from $260.4 billion on July 19, around the time the US GENIUS Act was signed into law.
Magazine: Is China hoarding gold so yuan becomes global reserve instead of USD?
Kevin O’Leary, Canadian businessman and Shark Tank investor, said that concerns over quantum computing are preventing institutions from increasing Bitcoin (BTC) allocations.
This latest statement comes as experts continue to raise alarms that the impact of quantum computing risks may already be starting to show, though not in the way many expected.
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Quantum Risk Keeps Institutions From Expanding Bitcoin Exposure, O’Leary Warns
O’Leary described quantum computing as a “new concern floating around now.” According to him, the theoretical risk that a powerful quantum system could eventually compromise blockchain cryptography is enough to keep large investors cautious.
While he did not suggest the threat is imminent, O’Leary indicated that the possibility is influencing capital allocation decisions today. In his view, until the industry provides a clear and credible solution to address quantum vulnerabilities, institutional exposure to Bitcoin is unlikely to move meaningfully beyond the 3% range.
“Until that gets resolved, don’t expect them to go beyond a 3% allocation. They’ll stay cautious, they’ll stay disciplined, and they’ll wait for clarity. That’s the reality,” he said.
His comments suggest that institutions now view quantum risk as significant enough to justify defensive positioning. Meanwhile, some appear to be taking the potential risk even more seriously.
Christopher Wood, global head of equity strategy at Jefferies, removed a 10% allocation to Bitcoin from his model portfolio, citing concerns about quantum computing.
Wood argued that progress in the field would weaken the case for Bitcoin as a reliable store of value, particularly for pension-style long-duration investors. This comes as some analysts argue that growing fears around quantum computing are beginning to influence Bitcoin’s valuation.
Willy Woo recently suggested that quantum concerns may have contributed to Bitcoin breaking its 12-year outperformance trend against gold. Charles Edwards, founder of Capriole Investments, echoed a similar view.
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He argued that interest in quantum computing intensified around the time Bitcoin reached its peak, prompting investors to reduce risk exposure, which in turn contributed to the subsequent price decline.
Developers Advance BIP 360 for Future Bitcoin Consideration
Amid mounting concerns, Bitcoin developers cleared a procedural milestone last week by merging Bitcoin Improvement Proposal 360 (BIP 360) into the official BIP GitHub repository.
This means the proposal is now formally listed and can be considered for future Bitcoin updates, though it has not been approved or scheduled for implementation.
BIP-360 proposes a new output type called Pay-to-Merkle-Root (P2MR) that reduces long exposure of public keys by removing Taproot’s key-path spend.
“Pay-to-Merkle-Root (P2MR) is a proposed new output type that commits to the root of a script tree. It operates with nearly the same functionality as P2TR (Pay-to-Taproot) outputs, but with the quantum vulnerable key path spend removed,” the proposal reads.
Traditional formats like P2PK directly expose public keys, and P2TR commits to a public key and can reveal it via key-path spends, creating a potential vulnerability to future quantum attacks. P2MR’s script-only design keeps public keys off-chain until the script must be revealed at spend time, thereby reducing that exposure.
Decentralized lending protocol ZeroLEnd is winding down operations after three years, citing unsustainable economics amid inactive blockchains and rising security threats.
The protocol, which ran crypto lending markets across various blockchains, said sustained efforts couldn’t overcome challenges such as price data providers dropping support and shrinking liquidity on networks like Manta, Zircuit, and XLAYER. These issues and constant hacker threats have made it unsustainable.
“Combined with the inherently thin margins and high risk profile of lending protocols, this resulted in prolonged periods where the protocol operated at a loss,” the team stated in an official update.
Lending markets such as ZeroLend are blockchain platforms where users deposit their cryptocurrencies to earn interest (like a savings account), while others borrow those assets by putting up collateral. Think of it as peer-to-pool lending without banks.
Oracle providers provide real-time price data to lending markets such as ZeroLend. When they drop support, it breaks the lending markets, making them unreliable or impossible to run.
The shutdown underscores harsh realities: fleeting liquidity, persistent exploits, and dwindling investor interest in broader corners of the digital asset market continue to test DeFi protocols.
ZeroLend’s team said its top priority is ensuring that “users can safely withdraw their assets” from the protocol.
For assets stuck on low-liquidity chains such as Manta, Zircuit, and XLAYER, the team will update the smart contracts on a set schedule to free up as much as possible. Users need to withdraw quickly, as most markets have been set to a 0% loan-to-value ratio, which means no borrowing is allowed.
LBTC holders on Base get partial relief
Lombard Staked Bitcoin, or LBTC, a year-bearing version of bitcoin used in DeFi lending on ZeroLend’s markets on Coinbase’s Layer 2 network Base, experienced an exploit in February last year, The attacker used a forged LBTC as collateral to drain liquidity.
Users who deposited LBTC there will get partial refunds funded by the team’s LINEA drop allocation. The announcement called on affected users to contact moderators or file support tickets for the refund.
“We kindly ask all affected LBTC users to contact the moderators or submit a support ticket so we can maintain direct communication and coordinate the next steps. For token holders, this marks the conclusion of the ZeroLend journey,” the team said.
“Please withdraw any remaining assets and reach out through official support channels if you need assistance. Thank you for being part of ZeroLend,” it added.
TLDR:
- Paxos says regulated stablecoins must meet strict reserve and capital standards to operate in the U.S. market.
- Stablecoins function as payment rails and settlement infrastructure, not as direct replacements for bank deposits.
- Global corporations are now using stablecoins to move millions of dollars in minutes instead of days across borders.
- Banks that issue or custody stablecoins can turn a perceived competitive threat into an entirely new revenue stream.
The old stablecoin playbook doesn’t apply anymore, and banks are beginning to take notice. The introduction of the GENIUS Act by the U.S. Congress has pushed financial institutions to reconsider long-held assumptions about stablecoins.
What was once dismissed as a crypto-trader tool has grown into a multi-trillion-dollar market. Banks that continue operating on outdated beliefs risk falling behind fintechs and blockchain-native competitors. The regulatory and commercial landscape has fundamentally shifted.
Outdated Assumptions About Regulation and Risk No Longer Hold
For years, banks treated stablecoins as unregulated, high-risk instruments sitting outside traditional finance. That view no longer reflects reality.
Jurisdictions including Singapore, the European Union, and the United States have established clear frameworks for stablecoin issuance and custody.
The GENIUS Act adds further structure, making regulated stablecoins the only viable path forward in the U.S. market.
Regulated issuers like Paxos already operate under strict reserve management standards and capital requirements. Consumer protections are built into these frameworks, reducing institutional risk considerably.
Banks can now engage with stablecoins knowing that legal guardrails are firmly in place. The compliance infrastructure that once seemed absent is now well established.
The old playbook also treated stablecoins as threats to financial stability. That assumption, too, has aged poorly. Paxos stated that “well-regulated stablecoins actually enhance financial stability by increasing transparency, speed and efficiency.”
On-chain stablecoin transactions are publicly auditable in real time, offering transparency that traditional interbank transfers cannot match.
Paxos further noted that “reserves held in short-term Treasuries are safer than many bank assets.” Banks clinging to outdated risk narratives are working from an incomplete picture.
Global regulatory bodies are aligning on oversight standards at a steady pace. Updating that picture is now a strategic necessity, not just an operational preference.
Banks That Rewrite the Playbook Stand to Gain the Most
The old stablecoin playbook also cast stablecoins as deposit killers threatening bank lending capacity. Paxos pushed back on that directly, stating that “stablecoins serve as rails for payments, settlement and capital efficiency in ways that deposit accounts cannot.”
Banks can issue or custody stablecoins themselves, turning a perceived competitive threat into a growth product. Just as electronic payments once seemed disruptive, stablecoins can expand balance sheets when embraced strategically.
Stablecoins now power cross-border remittances, tokenized asset settlement, and on-chain capital markets at scale. Global corporations are moving millions of dollars in minutes rather than days using stablecoin infrastructure.
Paxos confirmed that “asset managers use them as cash legs for tokenized assets and broker-dealers are leveraging them to create new revenue streams.”
These are not theoretical use cases — they are active, high-volume applications already reshaping global finance.
Paxos was direct in its assessment, saying that “financial institutions that deny this reality are ignoring the signals of market transformation.”
Banks that update their thinking can unlock faster settlement, improved liquidity management, and entirely new client offerings.
The old narrative that stablecoins were only for crypto exchanges has been overtaken by market reality. Those that don’t adapt may find competitors have already claimed that ground.
Paxos summed up the broader shift clearly: “Stablecoins are not a threat to banking — they are an evolution of money that can make banks more competitive.” The window to rewrite the playbook remains open, but it continues to narrow.
Banks that move now can help shape how stablecoins integrate with traditional financial infrastructure. Those that wait may find the terms of that integration have already been set by others.
A cross-border snapshot from BVNK and YouGov shows stablecoins moving from niche crypto wallets into mainstream payroll and everyday spend. The online survey, conducted in September and October 2025 among 4,658 adults who currently hold or plan to acquire cryptocurrency across 15 countries, reveals a broad willingness to use dollar- and euro-pegged coins for earnings, remittances, and purchases. Key findings include that 39% already receive income in stablecoins, 27% use them for daily payments, and average holdings sit around $200 globally, rising to roughly $1,000 in higher-income economies. The data also suggests strong demand for wallet access via banks or fintechs and for linked debit card usage.
Key takeaways
- 39% of survey respondents report earning income in stablecoins, with 27% using stablecoins for everyday transactions, highlighting a shift from speculative trading to functional payroll utilities.
- Respondents hold an average of about $200 in stablecoins worldwide, while holdings in high-income economies average near $1,000, indicating material savings potential for more affluent users.
- 77% would consider opening a stablecoin wallet with their primary bank or fintech provider, and 71% express interest in a linked debit card to spend stablecoins, signaling traditional financial institutions’ potential pivotal role.
- People receiving stablecoin income report that stablecoins constitute roughly 35% of their annual earnings on average; cross-border transfers with stablecoins save about 40% in fees compared with traditional remittance methods.
- Ownership is highest in lower- and middle-income economies, with Africa showing the strongest uptake at 79%, underscoring a regional tilt toward cost-effective digital payments.
Market context: The findings arrive during a wave of regulatory attention and enterprise adoption around stablecoins. In the United States, the GENIUS Act is shaping the policy debate on stablecoins and embedded finance, while Europe’s Markets in Crypto-Assets Regulation (MiCA) is catalyzing compliance-driven use cases for wages and cross-border settlements. Meanwhile, the stablecoin market has surged to roughly $307.8 billion in total value, up from around $260.4 billion in mid-2024, underscoring growing scale and willingness to use digital currencies for non-speculative purposes.
A BVNK spokesperson emphasized that the study was designed to illuminate usage patterns among current and prospective crypto users rather than measure broad population adoption. The respondents tend to diversify across multiple dollar- and euro-pegged stablecoins rather than relying on a single issuer, suggesting a preference for multi-token liquidity management. When it comes to where to manage these assets, exchanges are favored by 46% of respondents, followed by crypto-enabled payment apps (like PayPal or Venmo) at 40% and mobile wallet apps at 39%. Only a minority—13%—prefer hardware wallets for custody.
BVNK, a London-headquartered company founded in 2021, built its business around stablecoin-enabled payments infrastructure for enterprises. In June, it partnered with San Francisco-based Highnote to introduce stablecoin-based funding for embedded-finance card programs, signaling a broader push to integrate digital assets into everyday financial services. The collaboration aims to streamline funding flows for card programs that rely on stablecoins as a settlement medium, reducing friction for merchants and employers alike.
An ecosystem narrative is emerging around payroll and cross-border payments. In the United States, the GENIUS Act has accelerated discussions about how payrolls can be paid with digital assets within a regulated framework, while Europe’s MiCA framework pushes providers toward transparent disclosures and robust consumer protections. The combination of regulatory clarity and corporate experimentation is accelerating the adoption of stablecoins in payroll workflows and cross-border settlements, as businesses seek faster settlement cycles and lower costs. The underlying stability of pegged coins makes them more reliable for wage payouts and reimbursements than traditional crypto assets with heightened volatility.
Beyond payroll, the market is advancing toward regulated, enterprise-grade integrations. For instance, Deel announced on Feb. 11 that it would begin offering stablecoin salary payouts through a collaboration with MoonPay, starting with workers in the United Kingdom and European Union and later expanding to the United States. Under the arrangement, employees can opt to receive part or all of their wages in stablecoins to non-custodial wallets, with MoonPay handling conversion and on-chain settlement while Deel continues to manage payroll and compliance. MoonPay has been positioned as the on-ramp for gateway conversions in this setup.
On the enterprise side, the pace of consolidation continues. Paystand recently acquired Bitwage, a platform focused on cross-border stablecoin payouts, a move that broadens Paystand’s B2B payments network for digital-asset settlements and foreign exchange capabilities. Paystand notes that its network has already processed more than $20 billion in payment volume, reflecting growing demand from businesses for stablecoin-enabled settlement and liquidity management. The deal signals that corporate back offices are increasingly viewing stablecoins as a legitimate, scalable settlement layer rather than a speculative vehicle.
While the strict price stability of stablecoins—tied 1:1 to fiat currencies such as the U.S. dollar or euro—addresses volatility concerns for payments, the research also hints at ongoing diversification. Respondents indicated a tendency to hold multiple stablecoins rather than relying on a single issuer, a pattern that could complicate compliance and liquidity management for institutions that serve as on/off ramps for ordinary users. DefiLlama’s data reinforces the point: the stablecoin sector has grown rapidly to hundreds of billions in market capitalization, underscoring that stablecoins are no longer peripheral to crypto markets but are becoming central to payment rails and cross-border transfer ecosystems.
As this secular shift unfolds, questions remain about the pace of mainstream adoption and the regulatory guardrails that will shape long-term viability. The GENIUS Act and MiCA are not just about consumer protection; they are about enabling compliant, bankable use cases for digital assets in payroll, benefits, and enterprise settlement. The rise of payroll-focused stablecoins, in particular, could help workers in regions with limited banking access and high remittance costs participate more fully in the digital economy, while offering employers a more cost-efficient and auditable method of payroll settlement.
What to watch next
- Regulatory developments around the GENIUS Act and the US approach to stablecoins as payroll instruments (timeline updates and potential amendments).
- Progress of Europe’s MiCA implementation and how financial institutions integrate stablecoin-based payroll and cross-border payments within the regime.
- Deel’s rollout of stablecoin payroll in the UK/EU and subsequent US rollout timelines, along with adoption metrics and employee uptake.
- Paystand’s continued integration of Bitwage and the broader adoption of enterprise-grade stablecoin settlement across global B2B networks.
- Regional variations in stablecoin ownership, particularly in Africa and other emerging markets, and how these dynamics influence merchant acceptance and wallet adoption.
Sources & verification
- BVNK-YouGov survey methodology: online fielded in September–October 2025 across 15 countries with 4,658 respondents who currently hold or plan to acquire cryptocurrency.
- Survey findings on income in stablecoins, everyday use, and average holdings, including the 39%/27% figures and the $200 global average (rising to ~$1,000 in high-income economies).
- Banking/fintech adoption metrics: 77% would open a stablecoin wallet with their primary bank or fintech provider; 71% interested in a linked debit card.
- Enterprise movements: Deel’s stablecoin payroll pilots with MoonPay; Paystand’s acquisition of Bitwage and its impact on cross-border settlements.
- Regulatory context and market size: GENIUS Act references and MiCA, along with DefiLlama’s stablecoin market capitalization data.
Stablecoins move from wallets to payroll: how a global survey maps the shift
The report’s narrative centers on a pragmatic shift in how people interact with digital assets. Stablecoins are increasingly viewed not as a speculative instrument but as a practical tool for earning, paying, and moving money across borders. In the 4,658-person sample, a substantial portion already earns in stablecoins, and a growing share uses them for routine payments. The implication for merchants is equally striking: more than half of crypto holders have made purchases specifically because a merchant accepts stablecoins, and the propensity to spend stablecoins rises to 60% in emerging markets. This suggests a feedback loop where consumer demand for stablecoin-enabled checkout can spur broader merchant adoption and, in turn, drive demand for compliant, scalable on-ramps and off-ramps.
From a banking and fintech perspective, the data hints at a possible reorientation of product design. If 77% of respondents would consider opening a stablecoin wallet with a bank or fintech and 71% want a linked debit card, incumbents may respond with regulated wallets, insured custodianship, and seamless settlement rails that reduce friction for wages and cross-border payroll. The fact that a meaningful share of earnings already comes in stablecoins points to a future where payroll providers, payroll tech platforms, and banks co-create wage ecosystems that can operate inside regulatory constraints while offering on-chain settlement where appropriate. The partnership of BVNK with Highnote to embed stablecoin funding into card programs signals how the industry is pursuing this convergence, aligning corporate cards with stablecoin liquidity as a basic building block of embedded finance.
Beyond payroll, the story touches on regulatory readiness. The GENIUS Act and MiCA collectively push the market toward standardized disclosures, consumer protections, and clear tax and accounting treatments for stablecoins used in wages and cross-border payments. In this environment, the operational and technological investments—such as Deel’s stablecoin payroll via MoonPay and Paystand’s acquisition of Bitwage—reflect a broader trend of enterprises rethinking how digital assets can underpin scalable, compliant financial operations. The data also underscores a geographic dimension: ownership and usage skew higher in Africa and other lower- and middle-income economies, suggesting that stablecoins could play a critical role in expanding financial access where traditional rails are costly or fragile.
As the market grows, so does the importance of robust, verifiable data. The DefiLlama figure placing the stablecoin market around $307.8 billion reinforces that stablecoins have transcended their early-stage, speculative perception. They are increasingly intertwined with the actual plumbing of payments—settlement, remittance, and payroll—where speed, cost, and regulatory compliance are essential. While the path to full mainstream adoption remains uneven across regions and assets, the convergence of consumer demand, enterprise infrastructure, and regulatory clarity paints a credible trajectory for stablecoins to become an integral part of everyday financial life. For stakeholders—whether individuals earning in the digital currency economy, merchants seeking lower-payment friction, or institutions building the next generation of compliant digital finance—this survey provides a map of where trust, convenience, and policy align to unlock real-world value.
Polygon has posted higher daily transaction fees than Ethereum over the past three days, with an analyst pointing to robust user activity on prediction market Polymarket.
According to the latest data from Token Terminal, Polygon raked in $407,100 worth of transaction fees on Friday, compared to Ethereum’s $211,700, with the data indicating this is the first time Polygon has ever flipped Ethereum in daily transaction fees.
The gap has since narrowed, with daily transaction fees on Polygon at $303,000 on Saturday, while Ethereum saw about $285,000.
Polygon is home to Polymarket, one of the most prominent prediction markets to emerge from the blockchain sector that launched in 2020.
In an X post on Monday, Matthias Seidl, the co-founder of Ethereum analytics platform growthepie, highlighted Polygon’s recent activity growth, saying that it has been “fully driven by Polymarket.”
Seidl shared a chart showing that Polymarket had accounted for just over $1 million worth of fees on Polygon over the past seven days, with the next highest app on the L2 being Origin World, which accounted for around $130,000.
Polygon has also highlighted surging activity on Polymarket. In an X post on Saturday, the team noted that over $15 million worth of wagers were placed on a single Oscars market category alone, adding that “Polygon is the chain underneath it” all.
Polygon says there’s also a strong network of trustless agents being deployed on the L2 to “tap opportunities” on the prediction market.
Prediction markets have been booming in popularity since the last US election, and the rapid adoption has seen several crypto firms launching their own offerings.
Related: ETH chart pattern projects rally to $2.5K if key conditions are met: Data
Elsewhere, some have also pointed to growing stablecoin usage on the L2, particularly with Circle’s USDC (USDC). In an X post on Sunday, Polygon data analyst petertherock said that the network had notched a new weekly high of 28 million USDC transactions.
Polymarket uses Polygon-based USDC for trading on its platform.
Magazine: Coinbase misses Q4 earnings, Ethereum eyes ‘V-shaped recovery’: Hodler’s Digest, Feb. 8 – 14
TLDR:
- TRM Labs found that 48% of newly launched darknet markets in 2025 accept only Monero as payment.
- Nearly 14–15% of reachable Monero network peers displayed non-standard peer-to-peer protocol behavior.
- Ransomware actors prefer XMR, yet most real-world ransom payments are still completed in Bitcoin.
- Monero’s on-chain cryptography remains intact, but network-layer dynamics may affect privacy assumptions.
Monero continues to maintain stable on-chain transaction activity despite growing regulatory pressure. TRM Labs released new research showing that XMR usage has remained above pre-2022 levels.
Even after major exchanges removed the privacy coin, demand has not dropped. The findings also reveal unusual peer-to-peer network behavior affecting roughly 14 to 15 percent of observable nodes.
Darknet Markets and Ransomware Drive Persistent Demand
Monero’s appeal in high-risk environments has grown considerably over the past few years. Nearly 48 percent of newly launched darknet markets in 2025 support XMR exclusively.
That figure marks a sharp rise compared to earlier years when Bitcoin remained the dominant option. Western-facing markets are leading this shift, partly due to improved tracing capabilities on transparent blockchains.
Ransomware groups still express a clear preference for receiving payments in Monero. However, most actual ransom settlements continue to occur in Bitcoin due to liquidity advantages.
Bitcoin remains easier to acquire and convert at scale, even though it is more traceable. That gap between preference and practice reflects a real tension between privacy and usability.
TRM Labs addressed this directly, stating, “Most ransomware payments still occur in BTC—liquidity matters.” The firm also noted that “48% of new darknet markets in 2025 are XMR-only,” indicating a measurable structural shift in how high-risk actors choose to operate.
Monero’s thinner market structure also contributes to higher price volatility. Over the past 30 days, XMR showed realized volatility roughly 2.5 times that of Bitcoin.
Despite fewer on-ramps and reduced exchange support, on-chain Monero usage has not contracted meaningfully. This pattern points to a user base that actively seeks privacy rather than casual retail participation.
Users accept higher friction and fewer options to preserve anonymity. That behavior keeps Monero relevant even as other assets become more transparent.
Network-Layer Behavior Introduces New Investigative Considerations
TRM Labs also collaborated with academic researchers to study Monero’s peer-to-peer network behavior. Around 14 to 15 percent of reachable peers showed non-standard behavior compared to protocol expectations.
These deviations included irregular handshake patterns, unusual message timing, and atypical peer list composition. The behavior persisted across multiple observation periods, suggesting systematic rather than random causes.
Infrastructure concentration emerged as a recurring pattern within the non-standard peer data. A small number of hosting environments accounted for a disproportionately large share of these peers.
TRM Labs noted that “14–15% of Monero peers show non-standard network behavior,” adding that “network-layer dynamics can influence real-world privacy assumptions.” That visibility can matter even when cryptographic protections remain fully intact.
TRM emphasized that these findings do not reflect a failure of Monero’s cryptography. The on-chain privacy features, including ring signatures and stealth addresses, remain technically sound.
As TRM Labs put it, “Monero’s cryptography remains strong,” yet the firm cautioned that peer-to-peer behavior can introduce structural visibility affecting theoretical anonymity models. Real-world conditions can introduce observable structure that affects certain investigative threat models.
The research does not assign intent or identify specific operators behind the non-standard nodes. It instead describes behavioral patterns that deviate from standard client implementations.
Those patterns, combined with growing XMR-only market adoption, give investigators new structural data points to consider. Monero remains a distinct challenge, but its network layer now draws greater scrutiny.
XRP price shows mild signs of recovery even as Standard Chartered slashes its 2026 price target to $2.80, reshaping short-term expectations.
Summary
- Standard Chartered lowered its 2026 XRP price prediction from $8 to $2.80, citing macro and liquidity headwinds.
- XRP bounced from $1.23 but remains below its 20-day moving average with RSI near 42.
- A move above $1.75 improves recovery odds, while a break under $1.23 risks a drop toward $1.00.
XRP was trading around $1.48 at press time, up 1.5% in the last 24 hours. Earlier this month, the token briefly dipped toward $1.16 during the broader crypto selloff before staging a modest recovery.
In recent sessions, it has slightly outperformed Bitcoin and Ethereum, yet the bigger picture is still bleak. XRP (XRP) is still down roughly 30% over the past month and about 45% over the last year.
The rebound comes as sentiment across the sector remains fragile. Nearly $2 trillion in crypto market value has evaporated since the October crash, and liquidity conditions are still tight amid extreme fear levels.
Standard Chartered slashes 2026 XRP target
On Feb. 16, Geoffrey Kendrick, Global Head of Digital Assets Research at Standard Chartered, cut the bank’s end-2026 XRP target by 65%, reducing it from $8 to $2.80.
The revision reflects what Kendrick described as a “capitulation-prone” environment.
According to the bank, institutional outflows have persisted, exchange-traded fund inflows have cooled despite roughly $1.37 billion in cumulative allocations since late 2025, and high interest rates alongside geopolitical uncertainty continue to suppress risk appetite.
The bank warned of “further declines near-term” across digital assets before any recovery later in 2026. The bank kept its 2030 target at $28, suggesting that prices could fall further in the short term before a longer‑term recovery takes hold.
XRP price prediction. How high can XRP go?
XRP is still in a medium-term downward trend. The daily chart clearly shows a pattern of lower highs and lower lows. The price is currently trading at about $1.47, which is slightly below the $1.49 20-day moving average. Meanwhile, the lower Bollinger Band is around $1.23, and the upper band is close to $1.76.
The recent rebound originated at the $1.23 level, where the lower Bollinger Band coincided with a sharp wick rejection. Although this provides some temporary respite, it does not yet indicate a definitive reversal. The 20-day moving average’s continued downward slope suggests that the bearish pressure has not completely subsided.
Momentum appears to be stabilizing, though it has not turned bullish. The relative strength index bounced from near-oversold levels around 30 and sits near 42. Remaining below 50, it suggests that sellers still hold a modest advantage. A clear move above 50 would strengthen the case for a mid-term recovery.
Key support can be found at $1.23, with additional psychological backing near $1.20. A loss of that region exposes $1.00–$1.05, and potentially $0.90 if broader market weakness resumes.
On the upside, $1.50 is the first hurdle, aligning with the 20-day moving average. A clean break could open a move toward $1.75–$1.80, followed by $2.00–$2.20, where prior consolidation created structural resistance.
The major supply zone between $2.40 and $2.60 is a level that would invalidate the current downtrend if reclaimed. If $1.30–$1.23 holds, a relief rally toward $1.75–$2.00 looks likely in the near future. However, XRP would probably return to the $1.00 range if it broke below $1.23.
In the long run, targets at $3.00 and even $3.40 become technically feasible if XRP recovers $1.75, breaks $2.20, and reaches higher highs above $2.60. Until then, rallies are likely to be treated as corrective within a broader downtrend.
Crypto wealth platform Nexo has officially returned to the United States, announcing on Feb. 16, 2026, a full relaunch of its investment and credit products through a compliant, regulated framework after years away from the market.
Summary
- Nexo has officially relaunched in the United States, offering yield products, crypto-backed credit lines, and trading services through a compliance-focused structure.
- The return comes two years after Nexo paid a $45 million settlement to the U.S. Securities and Exchange Commission and exited the U.S. market over its Earn Interest Product.
- On-chain data from CryptoQuant shows roughly $863 million in loans issued over the past year, signaling sustained user demand despite broader crypto market volatility.
The move marks a pivotal reset for the company following past clashes with U.S. regulators and comes amid strong activity in its lending business, even through broader crypto market volatility.
Nexo’s re-entry is being executed in partnership with U.S.-regulated service providers and leverages digital asset trading infrastructure from Bakkt, a publicly listed platform focused on institutional-grade compliance.
The relaunched U.S. offering includes flexible and fixed-term yield programs, an integrated exchange, crypto-backed credit lines, a loyalty program, and streamlined fiat on- and off-ramps.
Lessons from the past: Regulatory exit and settlement
Nexo’s return comes years after it exited the U.S. market amid regulatory pressure.
In 2023, the platform paid a $45 million settlement with the U.S. Securities and Exchange Commission over its Earn Interest Product, a crypto lending offering the SEC said should have been registered as a security. Subsequently, the firm discontinued that product for American users.
Nexo did not admit or deny the SEC’s findings under the settlement.
Following the settlement, the company withdrew from the U.S. as it recalibrated its approach to compliance and market engagement. The recent relaunch signals a new strategy rooted in regulatory collaboration and licensed partnerships rather than unilateral product deployment.
Lending activity signals confidence amid market pullback
Nexo’s broader platform continues to show significant demand in its core lending business, even through recent crypto market weakness.
On-chain data analyzed by CryptoQuant indicates that Nexo users borrowed roughly $863 million in credit between January 2025 and January 2026, with nearly $1 billion issued overall.
Notably, over 30 % of these loans were repaid during a market drawdown, a pattern interpreted by analysts as managed deleveraging rather than panic liquidation.
By re-entering the U.S. market with tightened regulatory alignment and a diversified product suite, Nexo is positioning itself for long-term engagement with one of the world’s largest crypto investor bases.
The company’s leadership frames the return as part of a broader belief that regulatory clarity and disciplined risk management are essential to the next stage of digital asset adoption.
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