Bitcoin dropped 3.4 percent over the last 24 hours, pulling the flagship asset down to $74,598 and dragging the broader cryptocurrency sector into a severe sell-off. The total market capitalisation shed 3.3 percent, erasing over $80 billion in value overnight as retail buyers scrambled for liquidity across major exchanges. The charts have burned, and institutional support levels are failing to hold the line against the selling pressure. For those scanning the wreckage, Coinbase’s Bitcoin price data confirms a sharp rejection at the $77,000 resistance zone, leaving traders to brace for further downside. The market has collapsed, and the noise is deafening as portfolios take heavy hits across the board.

Ethereum and Solana Extend Losses in Broader Sell-Off

The damage extends deep into the altcoin sector, proving that few assets are immune to the sudden shift in macroeconomic sentiment. Ethereum fell 4.5 percent to $2,025, pushing its 14-day relative strength index down to an oversold 28.9 level, signaling extreme bearish momentum. Solana suffered a heavier 6 percent drop, hitting $81.96 as CoinGecko’s Solana tracking shows trading volumes spiking past $4.4 billion amid panic selling. The global meme coin category retreated 2.5 percent, leaving chart survivors exhausted by the relentless volatility and unpredictable price swings. Most speculative tokens are bleeding heavily, offering little refuge for investors caught in the downtrend as the broader market searches for a definitive floor.

$GRUNTLE Presale Provides a Deadpan Alternative to Market Chaos

While the rest of the market promises impossible recoveries to mask structural decay, Gruntle ($GRUNTLE) offers a deadpan alternative. The project is a survival instrument that allocates 20 percent of its 5 billion token supply to the Deep Mud Reserve for tactical buybacks, providing a deflationary counterweight to the market chaos. There is no fake urgency or influencer hype here. The brand positioning is strictly low hype and high signal, treating the market crash as a simple fact of existence rather than a temporary setback. It is a digital refuge built for those who have accepted the current state of the charts, offering a quiet space away from the frantic trading of liquid spot assets.

Check Out the Gruntle Website to Join the Presale

Round 5 Nears $111.6k Target With 10,766% Variable APY

The intake terminal remains fully operational regardless of spot market conditions, providing a fixed entry point while liquid assets swing wildly. Round 5 is currently 93.35 percent filled, having processed $104,175 of its $111,600 current round target. Terminal-grade citizens entering Gruntle’s intake terminal secure an entry price of $0.000625 before the next price tier opens at $0.000627. Furthermore, the system includes a Hibernation Staking protocol that currently pays a 10,766 percent APY. This yield is strictly variable and computed from a 250 million token pool, meaning the APY decays as more survivors stake their tokens. The early window captures the highest yield, providing a mathematical advantage to those who enter the mud early and wait for the Phase 3 decentralised exchange listing.

Market Volatility Continues as the Presale Intake Remains Open

Analysts suggest the current bearish momentum could push major assets lower before finding a bottom, leaving many traders on the sidelines. The world stays loud, and the charts remain red. The $GRUNTLE presale stays open at $0.000625 with Hibernation Staking currently paying 10,766 percent APY (variable, decays as more enter) and the Phase 3 DEX listing roadmapped.

Secure your allocation before the cap closes the current pricing window.

FAQs

What is the Gruntle presale?

Gruntle is a deadpan meme coin built for exhausted crypto market survivors. The presale offers a structured entry point into the $GRUNTLE ecosystem before public trading begins on decentralised exchanges.

How can I participate in the intake?

Buyers can enter the presale using ETH, USDT, USDC, BNB, or card payments via Web3Payments. The intake terminal is accessible directly at the gruntle.io website.

What comes after the presale concludes?

Phase 3 of the roadmap triggers the decentralised exchange (DEX) listing and initiates applications for CoinMarketCap and CoinGecko tracking. Phase 4 will then pursue centralised exchange listings.

Is the Gruntle smart contract audited?

Yes, the Gruntle smart contract was fully audited by CredShields on May 13, 2026.

This article is for informational purposes only and does not constitute financial advice. $GRUNTLE is a meme coin with no intrinsic value. Cryptocurrency investments carry significant risk. Always conduct your own research before investing.

Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.

Latest developments: Hyperliquid is outperforming much of the crypto market as traders rotate back into higher-risk assets.

• Hyperliquid’s HYPE token hit a new all-time high after two HYPE ETFs launched in the U.S.
• Van de Poppe said European traders have increasingly moved to Hyperliquid because perpetual futures trading remains difficult to access on many regulated venues in Europe.
• He argued Hyperliquid’s push into tokenized stocks, commodities and pre-IPO assets is accelerating broader tokenization trends across crypto markets.
• Van de Poppe said HYPE could rise to $100 or more if crypto market appetite continues to strengthen.
• Van de Poppe joined Jennifer Sanasie on CoinDesk’s Markets Outlook.

What this means: Van de Poppe sees Hyperliquid as a short-term winner but Solana as the stronger long-term conviction bet.

• He said liquidity in crypto markets is concentrating around a small group of protocols generating strong user growth and revenue.
• Van de Poppe said Hyperliquid currently benefits from that concentration but warned competitors will eventually enter the market and pressure its dominance.
• He described Solana as successfully transitioning from a “degen” ecosystem into a more institutional blockchain ecosystem.
• Van de Poppe said Solana’s long-term positioning as infrastructure makes it more attractive than Hyperliquid over a multi-year horizon.

The AI trade: AI-linked crypto projects remain deeply undervalued relative to traditional AI companies, van de Poppe said.

• He pointed to NEAR and Bittensor as two of the strongest infrastructure plays tied to AI adoption in crypto.
• Van de Poppe argued valuations for private and public AI companies have become overheated, while crypto AI tokens have fallen sharply despite continued ecosystem growth.
• He said NEAR’s projected revenue growth from roughly $10 million in 2025 to as much as $100 million this year supports a significantly higher valuation.
• Van de Poppe said Bittensor’s ecosystem expansion and subnet structure could justify prices between $1,000 and $2,000 if adoption continues.

The privacy debate: Privacy remains one of crypto’s biggest long-term themes, but fully anonymous systems face major regulatory risks.

• Van de Poppe said institutional and retail users both want more transactional privacy on blockchains.
• He argued governments are unlikely to support fully anonymous privacy coins over the long term because regulators want visibility into transactions.
• Van de Poppe said funds in Europe already face restrictions interacting with certain privacy-focused assets.
• He pointed to zero-knowledge proof systems and permissioned privacy models as more sustainable paths forward for institutional adoption.

Macro outlook: Van de Poppe said bond yields and central bank policy remain the biggest near-term macro drivers for crypto.

• He said Japanese bond yields are a key market signal and could heavily influence broader risk appetite.
• Falling yields could support equities and crypto markets, while persistent inflation could create headwinds.
• Van de Poppe said he does not expect aggressive rate cuts or renewed monetary easing from the Federal Reserve in the near term.
• He warned additional rate hikes would likely pressure crypto and broader risk assets.

Binance CEO Richard Teng has pushed back against a new Wall Street Journal investigation claiming the exchange processed $850 million in transactions tied to a sanctioned Iranian financier, which eventually flowed to Iran’s Islamic Revolutionary Guard Corps.

In a Friday post on X, Teng called the reporting “fundamentally inaccurate,” saying that Binance never permitted transactions with sanctioned individuals and that any flagged activity occurred before those individuals were placed under US sanctions. He also claimed Binance had investigated the issues before the Journal contacted the company, and that facts it provided were not included in the story.

The Journal’s report, published on Thursday, identified Babak Zanjani, who was re-sanctioned by the US in January, as the central figure in a secret crypto payment network that ran $850 million through Binance accounts over two years. Zanjani’s firm Zedcex, along with accounts belonging to his sister, romantic partner and a company director, all operated from the same devices, per the report.

Source: Richard Teng

The Journal claimed that Binance’s internal compliance reports flagged the Zedcex account after detecting access from Tehran in late 2024. The account stayed open for more than a year, triggering over a dozen further internal alerts. Binance’s own investigators recommended the accounts be shut down and reported to authorities, but the Journal says the accounts remained active.

Related: Binance launches SpaceX-linked perpetual futures ahead of IPO

Binance allowed Iranian funds after settlement: WSJ

Binance pleaded guilty in 2023 to anti-money laundering and sanctions violations and paid a record $4.3 billion fine, pledging to overhaul its compliance systems. However, according to the Journal, the alleged Iranian fund flows resumed shortly after.

In March, the Journal also reported that the Justice Department is now investigating Iran’s use of Binance to evade sanctions in the wake of that guilty plea. Following the report, Binance filed a defamation lawsuit against the publication, seeking damages and a jury trial. The exchange denied knowledge of any DOJ investigation, telling Cointelegraph it continues to cooperate with regulators and law enforcement.

Beyond Zanjani’s network, the Journal claimed that Iran’s central bank moved $107 million in crypto into Binance accounts in 2025, and a foreign law-enforcement agency tracked roughly $260 million in direct transactions between Binance accounts and Iranian terrorist financiers during 2024 and 2025.

“Binance has zero-tolerance for illicit activity and has built and operates a best-in-class industry-leading compliance program that continues to grow,” Teng wrote on X.

Related: Binance says AI-powered security has thwarted $10B in fraud since 2025

Binance denies shutting down internal Iran probe

In February, another Journal report alleged Binance shut down an internal investigation into roughly $1 billion that flowed through the platform to networks linked to Iranian proxy groups. Binance denied dismantling any compliance investigation, saying its internal probe continued and uncovered a sophisticated, multi-jurisdictional pattern of financial activity across Asia, the Middle East and beyond.

The exchange also published a blog post addressing what it called false claims, and separately responded to a Senate inquiry in March, denying it facilitated transactions to Iranian entities.

Magazine: Guide to the top and emerging global crypto hubs — Mid-2026

TLDR:

• • Bitcoin was rejected near the $82,400 200DMA, mirroring the March 2022 pattern that preceded a prolonged price downtrend.
  • CryptoQuant’s Bull Score Index fell from 40 to 20, returning to extremely bearish levels last seen in early 2026.
  • The Coinbase Premium stayed negative throughout the rally, pointing to weak U.S. institutional and retail spot demand.
  • Analysts are watching the $70,000 Traders’ On-chain Realized Price as the next critical support zone for Bitcoin.

Bitcoin’s recent price recovery is drawing scrutiny from on-chain analysts. BTC rebounded sharply from April lows and briefly climbed back above $82,000.

However, data from CryptoQuant suggests the move was largely speculative rather than demand-driven. XWIN Japan has flagged this as a critical turning point for the market.

The underlying structure of the rally points to futures activity rather than genuine spot accumulation.

Bitcoin’s 200DMA Rejection Echoes a Familiar Bearish Pattern

Bitcoin’s rejection near the 200-day moving average is one of the clearest warning signs right now. The 200DMA sits around $82,400, a level BTC failed to close above convincingly.

CryptoQuant’s data draws a direct comparison to March 2022’s price action. That period saw a strong relief rally before BTC resumed its broader downtrend shortly after.

The parallel is worth taking seriously given the current market conditions. Back in 2022, the same technical level acted as a ceiling rather than a launchpad.

That rejection marked the beginning of a prolonged correction phase for the asset. The current setup is following a similar sequence, according to available on-chain data.

Futures activity played a central role in driving the recent price recovery above $80,000. Leveraged long positions began unwinding as prices approached that resistance zone.

That unwinding reflects reduced conviction among speculative traders at higher price levels. Without fresh futures demand stepping in, the upside momentum has since stalled.

Spot demand has also softened alongside the futures pullback. US spot Bitcoin ETFs, which were net buyers earlier in May, recently flipped to net sellers.

That reversal removes a key demand pillar that supported BTC during earlier recovery attempts. The shift in ETF behavior is one of the more telling data points in recent weeks.

Bull Score Index and Coinbase Premium Signal Deepening Market Weakness

The Coinbase Premium Index remained mostly negative throughout Bitcoin’s recent rally. That reading points to weak spot demand from both US institutional and retail participants.

Historically, Bitcoin bull markets that hold have been accompanied by a consistently positive premium. The absence of that condition raises questions about the rally’s staying power.

CryptoQuant’s Bull Score Index has since dropped from 40 to 20. That level places market conditions back into “extremely bearish” territory.

The last time the index sat at similar readings was during the February to March 2026 correction. That comparison reinforces the view that broader market structure remains under pressure.

Analysts are now closely watching the $70,000 area as the next major support level. That zone corresponds to the Traders’ On-chain Realized Price, a historically reliable floor during bear market conditions.

A correction toward that level would not be unprecedented given the current data. It remains a key area for market participants to monitor in the near term.

The overall demand picture for Bitcoin has shifted into contraction territory. Spot buying has slowed, futures-driven momentum has faded, and institutional participation has pulled back.

Each of these factors, taken together, paints a cautious picture for the weeks ahead. Whether $70,000 holds as support may define the next major move for BTC.

TLDR:

• Staked ETH has reached all-time highs in 2026, reducing circulating supply and easing selling pressure on the market.
• MVRV data shows Ethereum investors remain profitable but are far from the overheated levels of previous cycle tops.
• Binance depositor activity is not rising aggressively, reducing the short-term distribution risk for ETH holders.
• A steadily rising Realized Cap signals continued capital inflows, a pattern linked to late-stage bull market cycles.

Ethereum continues showing resilience despite ongoing short-term selling pressure across the crypto market. On-chain data, covering Realized Profit, MVRV, Staked Amount, and Binance depositor trends, supports a structurally strong long-term outlook.

While corrections remain possible, analysts note that pullbacks are being absorbed by long-term holders. This activity shows that most participants prefer buying dips over exiting positions.

Rising staked supply and continued capital inflows further support Ethereum’s uptrend as markets head deeper into 2026.

Staked ETH Reaches All-Time Highs as Supply Pressure Eases

ETH staked on the network has grown aggressively since 2023, reaching all-time highs heading into 2026. This trend reflects a growing preference among investors to lock up their holdings for long-term rewards.

A large portion of circulating supply is now locked, reducing the amount available for active trading.

Crypto analyst PelinayPA noted in a recent post that rising staked ETH shrinks available supply and builds structurally bullish conditions.

With fewer coins available on the open market, selling pressure is naturally reduced over time. This dynamic often supports price stability during periods of short-term volatility or profit-taking activity.

The MVRV metric shows that the market is not currently sitting in an undervalued zone. Many investors remain in profit, though the reading remains far from overheated levels recorded during previous cycle tops.

This middle-ground positioning suggests the long-term bull trend is still active and has not yet peaked.

Short-term corrections remain a possibility given the current profit levels across the Ethereum market. However, the broader structure continues to favor buyers rather than pointing toward a sustained bearish reversal.

The combination of reduced circulating supply and profitable investor positions keeps the long-term outlook intact.

Binance Depositor Divergence Points to a Potential Supply Squeeze

Binance depositor activity is one of the most closely tracked metrics for spotting short-term selling pressure. When more investors send ETH to Binance, it typically signals that profit-taking or distribution is approaching.

Previous spikes in depositor numbers have historically been followed by periods of weaker ETH price performance.

At this point, depositor activity on Binance is not rising aggressively despite the broader market environment. Meanwhile, staked ETH continues to climb, showing that larger long-term participants are still withdrawing ETH from circulation.

This divergence between short-term depositors and long-term stakers is creating a growing supply squeeze.

A rising Realized Cap for Ethereum signals continued capital inflows into the network. This metric tracks the total value of all ETH at the price it last moved on-chain.

A steadily climbing Realized Cap is typically associated with late-stage bull cycles rather than bear market conditions.

Taken together, the data suggests that Ethereum pullbacks are likely to remain buying opportunities for the near term.

As PelinayPA noted, unless Binance depositor activity spikes aggressively, the current market structure should continue favoring bulls. Long-term players appear to be positioning for a continued uptrend rather than preparing for any major exit.

TLDR:

• SUI Network has eliminated gas fees for stablecoin transfers, removing a major barrier for everyday crypto users.
• Stablecoin projects like USDC, Agora AUSD, and Bucket Protocol BUCK now operate in a more accessible payment environment.
• SUI’s DeFi layer spans lending, trading, and liquid staking, with protocols like Cetus, NAVI, and Haedal leading activity.
• Gaming, NFT marketplaces, and cross-chain bridges round out an ecosystem built to support long-term blockchain adoption.

SUI Network has removed gas fees for stablecoin transfers, allowing users to send payments without holding SUI tokens.

This change removes a long-standing barrier for new crypto users. It also positions SUI as a practical option for everyday payments and remittances.

The move draws attention to the broader SUI ecosystem, which already includes a wide range of DeFi, gaming, and infrastructure projects.

Gasless Transfers Open Doors for Everyday Payments

The decision to make stablecoin transfers gasless changes how users interact with the SUI blockchain. Previously, users needed native tokens to cover transaction costs, which created friction for newcomers. Now, anyone with a SUI wallet can send stablecoins without worrying about gas.

As noted in a post by @ourcryptotalk: “The chain that removes friction for stablecoins doesn’t just win DeFi. It wins payments. It wins remittances. It wins the normie user who never wants to think about gas.”

This development benefits the stablecoin projects already operating on SUI. Circle’s native USDC integration, Agora AUSD, and Bucket Protocol’s BUCK token all stand to see increased usage. Each of these projects now operates in a more accessible environment for regular users.

The change also works alongside SUI’s technical design. Its parallel execution model and object-based architecture already improve transaction speed. Combined with gasless transfers, the chain becomes more competitive for real-world payment use cases.

A Growing Ecosystem Backs the Infrastructure Shift

SUI’s DeFi layer includes established protocols across lending, trading, and liquidity staking. Cetus Protocol leads as the largest decentralized exchange on SUI with concentrated liquidity. NAVI Protocol and Scallop Lend handle lending, while Haedal Protocol leads in liquid staking.

Beyond DeFi, SUI has made a notable push into gaming. Projects like Abyss World, Panzerdogs, and E4C Final Salvation represent different gaming formats on the chain.

Mysten Labs even launched SuiPlay0X1, a dedicated gaming handheld, showing the team’s long-term commitment to the gaming sector.

Infrastructure support continues to strengthen as well. Walrus provides decentralized storage, while bridging solutions like Wormhole, LayerZero, and Axelar connect SUI to other networks. BlockVision and Shinami handle data indexing and node services, keeping the backend running smoothly.

NFT marketplaces, wallet options, and even memecoins round out the ecosystem. BlueMove leads NFT trading, while wallets like Ethos and Sui Wallet offer accessible entry points.

Together, these projects form a layered ecosystem that supports the gasless payment shift from multiple angles.

TLDR:

• XRP’s Open Interest has spiked sharply, pointing to aggressive position-taking in the futures market.
• XRP’s stable Market Cap suggests large holders are not yet distributing, reducing short-term crash risk.
• An overheated NVT Ratio shows XRP’s valuation is outpacing on-chain activity, making rallies fragile.
• The most probable XRP near-term scenario is an upside squeeze followed by a sharp correction afterward.

XRP is showing early signs of building short-term bullish pressure as several market indicators align. Open Interest has spiked in the futures market, reflecting fresh position accumulation among traders.

The NVT Ratio, however, continues producing irregular spikes while remaining at elevated levels. Market Cap has stayed stable, with no aggressive sell-off recorded from large holders.

These combined signals point to a potential squeeze setup, though overall market conditions remain fragile.

Rising Open Interest Signals Active Accumulation in XRP Futures

Open Interest in XRP’s futures market has risen sharply, reflecting aggressive position-taking by active traders. This type of OI increase, when paired with price support, typically strengthens short-term bullish momentum conditions.

The current market structure reflects that environment, though price follow-through will ultimately be the deciding factor. This pattern has historically served as a precursor to sharp directional moves in crypto.

Analyst PelinayPA flagged this pattern in a recent post, noting that XRP’s Market Cap has held steady. This stability suggests large investors are not yet actively exiting or distributing positions.

The probability of a sharp near-term downside crash therefore remains relatively low given the current setup.

That said, risks grow if OI keeps climbing while XRP fails to break new price highs. In that scenario, long squeeze pressure could intensify and produce sudden downside wicks in the market.

Traders watching the OI-versus-price relationship must stay alert for early divergence signals as conditions evolve.

Conversely, a breakout above resistance on rising OI could produce a short but powerful upside move. The current structure leans slightly bullish in the near term, though clear risks continue to persist.

Price action confirmation in coming sessions will separate genuine breakouts from false moves.

Overheated NVT Ratio Raises Fragility Concerns in XRP’s Market

The NVT Ratio is one of the key risk factors currently present in XRP’s broader market picture. It remains extremely elevated and continues producing irregular spikes.

A high NVT means the asset’s market valuation is growing faster than actual on-chain transaction volume. This disconnect between price and network activity is widely associated with fragile and unstable rallies.

Network usage is not expanding at the same rate as the broader market cap growth. That gap suggests price moves are not fully supported by genuine organic demand from the network. Short-term rallies built primarily on futures activity carry a notably elevated risk of sudden reversal.

Given elevated NVT alongside surging OI, an upside squeeze followed by a sharp pullback looks most likely. The initial move higher could be fast and aggressive, driven primarily by futures-market positioning.

Without stronger on-chain activity to support valuations, any rally in XRP remains structurally vulnerable to reversal.

For XRP traders, monitoring how both OI and NVT develop will remain a key priority. Should OI keep rising while XRP breaks new price highs, the squeeze could extend further to the upside.

But if network activity fails to catch up with market cap, correction risk stays persistently elevated across sessions.

The Clarity Act’s biggest outcome may be the creation of an entirely new market for “yield-as-a-service,” according to Joe Vollono, chief commercial officer at stablecoin infrastructure firm STBL.

At the center of the debate is Section 404 of the proposed legislation, which would prohibit Digital Asset Service Providers (DASPs) and their affiliates from offering yield solely as a function of holding a digital asset.

The provision could fundamentally reshape how crypto users earn returns, pushing the market away from passive “hold-to-earn” products and toward more active, compliant yield-generation strategies.

“What this effectively does is shift the industry from a hold-to-earn market to a use-to-earn market,” Vollono told CoinDesk in an interview. “You’re going to need compliant yield strategies to generate rewards on what would otherwise be idle capital.”

The Clarity Act has already cleared the Senate Banking Committee and is now expected to move into the full Senate to be merged with the Senate Agriculture Committee version of the bill before House reconciliation, with an optimistic timeline pointing to a full vote as early as July. Regulators would then have roughly 12 months to implement the framework.

Vollono, who spent more than seven years at Morgan Stanley and served at SIFMA, where he worked on industry advocacy and market structure issues, said the implications of the Clarity Act extend far beyond yield products themselves. Regulatory clarity, he argued, could finally unlock large-scale institutional participation in crypto markets.

“Once these issues are resolved, it allows capital at scale to enter the market,” he said. “That’s the real catalyst here.”

Passage of the Clarity Act is widely viewed as a potential inflection point for crypto markets because it would establish the first comprehensive U.S. regulatory framework for digital assets, ending years of uncertainty over whether and how tokens fall under Securities and Exchange Commission (SEC) or Commodity Futures Trading Commission (CFTC) jurisdiction.

The legislation would create clearer rules for exchanges, brokers, stablecoin issuers and decentralized finance platforms, a move many analysts say is necessary before large institutional investors, banks and asset managers can commit capital at scale. Supporters argue that regulatory clarity could reduce legal risk, improve consumer protections and give traditional financial firms the compliance framework needed to build crypto products and services in the U.S. rather than offshore.

The role of AI

The likely result, Vollono said, is the emergence of a middle layer of infrastructure providers focused on compliant yield generation. He said he expects many of those services to be powered by artificial intelligence acting as an orchestration layer for regulated capital flows.

Among the potential beneficiaries are decentralized finance (DeFi) infrastructure providers, vault curators, collateral management platforms, automated treasury services, lending markets and rewards systems.

“All of this can be automated by AI in a regulated market,” he said.

The underlying technology stack already exists, Vollono said, pointing to smart contracts, oracles, DeFi rails and API-based infrastructure that could be adapted to fit within a regulated framework.

“This creates a whole new world,” he said.

Legislation

The debate around the legislation has also exposed tensions between traditional banks and the crypto industry, particularly over stablecoins and deposit migration.

“There’s a lot at stake,” Vollono said. “Banks are worried about deposit flight, but I think that concern is largely overstated.”

He said that the traditional fractional reserve banking model depends on banks maintaining large capital bases that can be lent out to create credit and liquidity. If deposits migrate into tokenized dollars or yield-bearing blockchain products, that model could come under pressure.

Still, Vollono said he sees the eventual compromise as beneficial for incumbents rather than existentially threatening.

“Smart incumbents are going to compete,” he said. “Banks don’t necessarily have to give up market share.”

He suggested banks could eventually collateralize reserves to issue their own stablecoins and generate compliant yield under the Clarity framework, opening the door to entirely new business models.

Stablecoin 2.0

That dynamic is central to STBL’s own pitch.

The company describes itself as “stablecoin 2.0,” arguing for a shift away from the traditional centralized issuer model that dominates the market today.

Instead, STBL is building infrastructure that allows users to mint real-world-asset-backed stablecoins while retaining the economics generated by the underlying reserves.

“Users that provide value into the ecosystem should participate in the economics,” Vollono said.

The company’s infrastructure is designed to support compliant yield management while allowing users, rather than centralized issuers, to capture the yield generated by reserve assets.

For Vollono, the Clarity Act could provide the regulatory framework needed to accelerate that transition. “I’ll tell you what the Act makes clear: money-as-a-service has arrived,” he added.

Read more: Crypto Clarity bill has 30% chance of passing this year, Wintermute’s Hammond says