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.

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.