Ah, the splendid realms of decentralized finance, where the air is thick with the scent of opportunity and the promise of growth in the year of our Lord, 2025! Among the illustrious contenders are the special-purpose decentralized exchanges (DEXs), stablecoins, and tokenized assets, as proclaimed by none other than the illustrious Michael Egorov, the founder of Curve Finance. One might say, it is a veritable cornucopia of financial innovation! 🎩
As the winds of change blow through the corridors of finance, we find that the growth of these decentralized exchanges shall be propelled by platforms tailored with the utmost precision—exchanges for stablecoins, each pegged to its own fiat currency, thus elegantly addressing the foreign exchange conundrum. In a delightful tête-à-tête with CryptoMoon, Egorov mused:
“Exchanges between stablecoins of different denominations like the Euro, US dollar, and others are not yet properly solved. How to provide liquidity without losing money, but while earning a lot of money, is kind of an open question that I think will be solved soon.” Ah, the sweet irony of liquidity! 💸
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US lawmakers vote to kill DeFi broker rule
In a most theatrical turn of events, lawmakers in the United States have recently voted to repeal the Internal Revenue Service’s (IRS) regulation that required our beloved decentralized finance platforms to report their financial secrets to the government. A most audacious act, indeed!
On the 4th of March, the US Senate, in a display of political prowess, passed a resolution to repeal the IRS broker rule with a resounding 70 to 27 vote. Following this, the House of Representatives joined the fray, voting to obliterate the IRS rule on the 11th of March. A true spectacle of democracy! 🎉
This resolution must now endure yet another Senate vote before it is sent to President Donald Trump, who has indicated his support, as if he were the benevolent monarch of this financial kingdom.
In a report titled The State of Stablecoins 2025: Supply, Adoption & Market Trends, crafted by the astute minds at Dune Analytics and the on-chain analysis firm Artemis, it is revealed that stablecoin adoption has surged by a staggering 53% year-over-year. A veritable renaissance of stablecoins!
This report meticulously tracked active stablecoin addresses from February 2024 to February 2025, revealing that active accounts have soared to 30 million from a mere 19.6 million. A most impressive feat, indeed!
Similarly, a report from Coinbase and EY-Parthenon, dated March 18, indicates that a staggering 83% of institutional investors polled are increasing their crypto allocations in 2025. It appears that the allure of crypto is simply irresistible! 🤑
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2025-03-26 21:35