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Privacy crypto still standing strong

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Privacy crypto still standing strong

Monero (XMR) has reached its 12-year milestone since its launch in 2014.

Summary

  • Monero celebrates 12 years since launch in 2014 as leading privacy-focused cryptocurrency network.
  • Network hides sender, receiver, and amount using cryptographic tools like Ring Confidential Transactions.
  • Despite over 70 exchange delistings, Monero maintains active users and steady market participation.

The project has positioned itself as a privacy-focused cryptocurrency designed to hide transaction details on a public blockchain.

On April 18he project marked the occasion with a public message shared on X. The team stated “we’re celebrating our 12th birthday today” while thanking users for continued support of privacy-focused transactions.

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Monero has maintained its position as one of the leading privacy coins in the digital asset sector over the years, focusing on confidentiality in transfers.

Monero was built to address transparency found in other blockchain networks. Unlike Bitcoin, where transactions are publicly visible, Monero hides sender, receiver, and transaction amounts.

The network uses technologies such as Ring Confidential Transactions and stealth addresses. These tools are designed to prevent linking transactions to specific users or wallet balances.

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The system also ensures that coins cannot be traced through transaction history. This design aims to prevent tracking of individual units across the network.

Moreover, Monero has faced ongoing regulatory scrutiny due to its privacy features. Over the years, several exchanges have removed the token from their platforms.

Reports suggest the token has experienced more than 70 delistings across different jurisdictions. Despite this, trading activity and user participation have continued across alternative platforms and peer-to-peer markets.

The project has remained active through a global developer and user community that continues to maintain and update the protocol.

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Development Activity and Market Performance

Monero developers are currently working on upgrades, including a planned FCMP++ update aimed at improving network performance and privacy features.

Interest in privacy coins has shown periodic changes in market cycles. Monero experienced renewed attention earlier this year alongside movements in other privacy-focused assets such as Zcash.

At the time of reporting, Monero trades near $351 with a market capitalization of about $6.47 billion (per CoinGecko’s data). The asset has recorded short-term gains over recent trading sessions, with modest increases in both daily and weekly performance.

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Crypto World

Stablecoins Do Not Threaten Banking Just Yet: Analyst

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Stablecoins Do Not Threaten Banking Just Yet: Analyst

The impact of stablecoins on the banking sector appears “limited” at the current phase of the adoption cycle, but banks could face increasing competition and an erosion of market share as the stablecoin sector and tokenized real-world assets (RWAs) grow in market capitalization. 

“So far, the use of stablecoins remains limited, but their market capitalization exceeded $300 billion at the end of last year,” Abhi Srivastava, associate vice president of Moody’s Investors Service Digital Economy Group, told Cointelegraph.

The stablecoin market cap has surged past $300 billion. Source: RWA.xyz

The role of stablecoins in payments, cross-border commerce and onchain finance is “expanding,” despite their currently limited role, Srivastava said, adding that existing payment systems in the US are already “fast, low-cost and trusted.” He said:

“For the banking sector, at this stage, disruption risk appears limited. In the near term, US rules that prohibit stablecoins from paying yield mean they are unlikely to replace traditional deposits at scale domestically.”

However, over time, growing adoption of stablecoins and tokenized RWAs, traditional or physical financial assets represented on a blockchain by a token, could place “pressure” on the banking sector, leading to deposit outflows and reduced lending capacity, he said.

Stablecoin regulatory policy has become a hot-button issue among crypto industry executives and those in the banking sector, with fears that yield-bearing stablecoins could erode banking market share proving to be a stumbling block for the CLARITY crypto market structure bill in Congress. 

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Related: Stablecoins behave like FX markets as liquidity splits: Eco CEO

CLARITY Act stalled, as banks fight yield-bearing stablecoins

The Digital Asset Market Clarity Act of 2025, also known as the CLARITY Act, is a comprehensive crypto market regulatory framework that establishes an asset taxonomy, regulatory jurisdiction and oversight over the crypto markets.

The CLARITY crypto market structure bill. Source: US Congress

It is now stalled in Congress after a group of crypto industry companies, led by cryptocurrency exchange Coinbase, publicly stated opposition to earlier drafts of the bill.

A lack of legal protections for open-source software developers and a prohibition on yield-bearing stablecoins were among some of the most contentious issues cited by crypto industry opponents of the legislation.

Several attempts have been made by US lawmakers and the White House to negotiate a bill acceptable to both the crypto industry and the bank lobby.

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Earlier this month, North Carolina Senator Thom Tillis said he plans to release an updated draft bill proposal that would be acceptable to both sides; however, the bill has reportedly received pushback, according to Politico, and has yet to be publicly released. 

However, other crypto industry executives and market analysts have warned that if the CLARITY Act fails to pass, it could open the crypto industry up to future regulatory crackdowns by hostile lawmakers and officials.

Magazine: Stablecoins will see explosive growth in 2025 as world embraces asset class