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BNB price surges on the heels of new report on stablecoin adoption

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BNB price surges on the heels of new report on stablecoin adoption

BNB price is rallying as BNB Chain quietly becomes the main retail rail for dollar stablecoins, turning BNB into an equity‑like bet on parallel money in crisis economies.

BNB Chain (BNB) price is quietly gaining steam as it becomes the core retail plumbing of the dollarized crypto economy. Data cited by Forbes shows that BNB Chain now handles about 40% of global stablecoin transactions by number, with 82% of transfers under $1,000 and 99% below $10,000 – a profile that looks less like a trading venue and more like a payments network for workers, merchants and remittance flows in stressed economies.

Stablecoins as parallel money on BNB

In a recent Forbes analysis on crisis economies, researcher Boaz Sobrado writes that stablecoins have “subtly emerged as alternative currencies in many developing nations,” with over 99.9% of transactions denominated in dollars and often used where “local currencies fail to provide a dependable store of value.” On BNB Chain specifically, he notes that “82% of transfers are under $1,000, and 99% are below $10,000,” adding that transactions “typically cost around $0.05” – cheaper than a bus ride to the nearest bank branch in many markets. The same piece highlights that Latin American stablecoin transactions surged ninefold from 2021 to 2024 to roughly $27 billion, underscoring how quickly these rails are becoming part of everyday economic life.

That microstructure matters at the macro level. Separate Forbes and Bloomberg data put total stablecoin transaction volume at about $33 trillion in 2025, up more than 70% year‑on‑year and now rivaling or surpassing the combined throughput of Visa and Mastercard. Crucially, volumes more than doubled while overall stablecoin supply grew less than 50%, a dynamic described as a “transition from speculation to utility” as the same stock of digital dollars turns over faster in real‑world payments.

Market structure and BNB’s role

For BNB, the token that secures and pays for activity on BNB Chain, this is turning into a structural story about fee flows and political risk, not just DeFi yields. The Forbes report quotes BNB Chain growth lead Nina describing their user base as dominated by “micro and retail” – “normies” – and notes that two‑thirds of merchant payments originate from exchange accounts, with more than half of emerging‑market users first touching crypto through Binance or OKX. That concentration effectively gives a small cluster of platforms and one chain disproportionate influence over how digitized dollars move through vulnerable economies.

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At press time, BNB trades around $645 over the past 24 hours, up roughly 3%, while Bitcoin sits near $70,400, gaining about 3.5%, and Ethereum changes hands close to $2,060 with a near‑3% daily rise, all denominated in $ and reflecting a broader bid into long‑duration, liquidity‑sensitive risk assets. As stablecoins harden into parallel currencies and BNB Chain emerges as a dominant retail rail, BNB increasingly becomes an equity‑like bet on that infrastructure – exposed not only to fee throughput and user growth, but also to the regulatory and geopolitical scrutiny that inevitably follows control over how digital dollars circulate.

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XRP-linked firm to acquire Australian financial services license

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XRP-linked firm rolls out platform after $1 billion GTreasury deal

Ripple announced plans on Wednesday to secure an Australian Financial Services License through the proposed acquisition of BC Payments Australia Pty Ltd, per a release shared with CoinDesk.

The acquisition, which is still subject to completion, would allow Ripple to offer its full payments stack in Australia, covering onboarding, compliance, funding, foreign exchange, liquidity management, and payout through a single integration.

Australian customers currently using Ripple Payments include Hai Ha Money Transfer, Stables, Caleb & Brown, Flash Payments, and Independent Reserve.

“Australia is a key market for Ripple, and an AFSL strengthens our ability to scale Ripple Payments across the region,” said Fiona Murray, managing director for Asia Pacific, in a statement.

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The regional numbers back up the push. Ripple said its APAC payments volume nearly doubled year-on-year in 2025, though it didn’t disclose specific figures.

That growth sits alongside the $100 billion in total processed volume the company reported last week when it announced managed custody, virtual account collections, and stablecoin settlement capabilities across 60 markets.

Ripple also said it is participating in Project Acacia, an initiative led by the Reserve Bank of Australia and the Digital Finance Cooperative Research Centre focused on digital asset infrastructure.

The licensing approach is notable. Rather than applying for an AFSL directly, Ripple is acquiring a company that already holds one. That’s a faster path to market but means the license is contingent on the deal closing, which hasn’t happened yet.

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XRP was trading at $1.38, up 0.3% on the day and 1.7% on the week.

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Bitcoin price stabilizes at $70K as open interest drops

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Bitcoin price attempts $70K base formation as open interest drops across exchanges - 1

Bitcoin price is stabilizing near $70,000 as declining derivatives leverage and falling retail inflows hint at a possible base forming in the market.

Summary

  • Bitcoin is trading near $70,000, close to the upper end of its weekly range.
  • Retail inflows to Binance have dropped sharply while open interest across exchanges continues to trend lower, signaling reduced leverage.
  • Technical indicators show BTC consolidating between $67K and $71K as volatility tightens ahead of a potential breakout.

At press time, Bitcoin (BTC) was trading at $70,718, up 4.2% over the past 24 hours. The asset is now near the top of its recent weekly range thanks to the move.

Following February’s volatility, Bitcoin has shown signs of consolidation over the last seven days, trading between $65,962 and $73,669. The cryptocurrency is still 46% below its October 2025 all-time high of $127,080 despite the recent upswing. 

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Alongside the price increase, market activity has increased. With a 49% rise and a 24-hour trading volume of $53.8 billion for BTC, traders appear to be returning to the market.

Derivatives data also shows rising activity. According to CoinGlass data, Bitcoin futures trading volume increased 13% to $76 billion, while open interest climbed 5.72% to $46 billion.

Despite the short-term increase, longer-term data show that leverage across exchanges has been trending lower.

Retail flows and leverage show cooling market conditions

A Mar. 10 report from CryptoQuant contributor Amr Taha points to a sharp decline in retail Bitcoin inflows to Binance over the past month.

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The analysis tracks cumulative Bitcoin deposits to the exchange over 30 days, separating activity from smaller investors and large holders. According to the data, retail inflows to Binance dropped significantly between Feb. 6 and Mar. 10.

During that period, retail deposits fell from around $14.1 billion to roughly $6.3 billion, a drop of about $7.8 billion. The current level is the lowest recorded since mid-May 2024, suggesting smaller investors are sending fewer coins to exchanges.

Open interest across derivatives markets has also been declining. The report notes that several major exchanges have seen a reduction in futures positioning in recent weeks.

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Bitcoin open interest on Binance was $3.45 billion on March 10, down from the $3.8 billion level noted on April 7, 2025. That earlier reading coincided with a period when Bitcoin formed a major market bottom.

According to Taha, widespread drops in open interest often signify a reduction in traders’ leverage. Once excessive speculation is removed from the market, periods of deleveraging can occasionally result in more stable price action.

Bitcoin price technical analysis

From a technical standpoint, Bitcoin is still recovering from the sharp decline seen in February. The price is still below the 20-day moving average, which is the midline of the Bollinger Bands. This level often acts as resistance when markets are trying to recover from a downtrend.

Bitcoin price attempts $70K base formation as open interest drops across exchanges - 1
Bitcoin daily chart. Credit: crypto.news

At the same time, the chart shows that Bitcoin is moving sideways between $67,000 and $71,000, indicating that the market may be establishing a base following the recent sell-off. Several recent candles have longer wicks and smaller bodies, which shows hesitancy among traders.

Volatility has also started to contract. Bollinger Bands are gradually narrowing, a pattern that comes before a more significant shift in either direction.

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Momentum indicators show a slight improvement. The relative strength index is now hovering around 50, a neutral reading, having recovered from oversold levels near 20–30 during February’s decline. 

$66,000 to $67,000 continues to be the crucial support range for Bitcoin in the near future. Holding this level could help maintain the current consolidation structure.

On the upside, $71,000 to $72,000 stands as the next resistance area. A break above that range could signal stronger recovery momentum, while rejection there may keep Bitcoin trading sideways in the near term.

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Ripple targets Australian financial services license with latest acquisition

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Ripple targets Australian financial services license with latest acquisition

Ripple has announced plans to secure an Australian financial services license by acquiring a local payments firm in the country.

Summary

  • Ripple plans to obtain an Australian Financial Services License through the acquisition of BC Payments Australia.
  • New regulations set to take effect by June 30, 2026, would require crypto companies operating in Australia to obtain a license.

Ripple said it will obtain the AFSL license through the acquisition of BC Payments Australia Pty Ltd, a payments company linked to the European Banking Circle Group. A deal is still underway and is expected to close on April 1 after the standard closing process is finalized.

“Australia is a key market for Ripple,” Ripple’s APAC Managing Director Fiona Murray said in an accompanying statement, adding that it will help Ripple Payments “manage the full lifecycle of a transaction, from onboarding and compliance through funding, FX, liquidity management, and final payout, while integrating both traditional banking rails and digital assets.”

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Ripple’s decision to pursue the license comes as Australia’s financial regulator has unveiled updated regulations for the country’s crypto sector.

Starting June 30, 2026, crypto firms operating in Australia would be required to obtain an Australian Financial Services License before they are allowed to offer certain financial services to local customers.

Over the past years, Ripple has expanded its global regulatory footprint by focusing on securing licenses across key markets around the world.

In 2025 alone, Ripple managed to secure payment licenses in Singapore, the UAE, and the UK. The company was also granted conditional approval for a national trust banking charter by the U.S. Office of the Comptroller of the Currency alongside a handful of other firms.

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Securing these regulatory approvals has helped Ripple strengthen its push for broader institutional adoption of the XRP (XRP) ecosystem and its flagship stablecoin RLUSD.

As previously reported by crypto.news, Ripple became one of the world’s top most valuable private companies, with its valuation reaching roughly $50 billion.

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Crypto is Just Finance on Different Infrastructure: ASIC

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Crypto is Just Finance on Different Infrastructure: ASIC

Blockchain and crypto are technologies performing the same functions as existing financial infrastructure, so they shouldn’t be treated as separate asset classes when crafting legislation, according to the fintech chief of Australia’s securities regulator.

In a paper presented at the Melbourne Money & Finance Conference on Wednesday, Australian Securities and Investments Commission’s (ASIC’s) head of fintech, Rhys Bollen, said crypto should be regulated on “economic substance rather than technological form.”

Tokenized securities should fall within securities laws, and stablecoins should trigger payment services legislation, Bollen said, while noting that other elements of crypto may be subject to consumer protection laws.

Bollen’s approach contrasts with crypto-specific regulatory frameworks in other countries, such as the CLARITY Act in the US and the Markets in Crypto-Assets Regulation framework in Europe.

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Bollen argued that the three main financial functions — capital allocation, payments and risk management — have evolved with technological advancements and that distributed ledger technologies, such as blockchain, shouldn’t be treated differently:

“Digital assets largely represent new technological instances of longstanding financial activities. While the mechanisms of issuance, transfer and record-keeping have changed, the underlying economic functions served by these instruments have not.”

“Regulatory systems have repeatedly adapted to technological change – from paper instruments to electronic records – without abandoning foundational principles such as consumer protection, market integrity and systemic stability,” Bollen added.

Australia isn’t crafting one big crypto bill

Australia is already starting to adopt this approach, with the main piece of crypto legislation, the Digital Asset Framework bill, seeking to merely amend parts of the Corporations Act, Bollen said.

“The Bill does not abandon the existing financial services framework. Instead, it introduces tailored amendments that integrate digital asset platforms into the established regulatory architecture.”

The Australian crypto market has also been given guidance through ASIC Information Sheet 225, which states that existing definitions of “financial product” and “financial service” under the Corporations Act can apply to digital assets.

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