
Cathie Wood Lowers Bitcoin Forecast, Cites Stablecoin Growth
ARK Invest CEO Cathie Wood has trimmed her firm's long-term Bitcoin price forecast, citing the rapid adoption of stablecoins for payments and savings.
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ARK Invest CEO Cathie Wood has trimmed her firm's long-term Bitcoin price forecast, citing the rapid adoption of stablecoins for payments and savings.

Ripple Labs has launched Ripple Prime, a new prime brokerage service for U.S. institutional clients, coinciding with its RLUSD stablecoin surpassing $1 billion in market value.

Tether, the largest stablecoin issuer, reported over $10 billion in profit for the first three quarters of 2025, driven by strong USDT issuance and growing asset holdings.

Payments giant Mastercard is reportedly set to acquire crypto infrastructure firm Zerohash in a deal valued at up to $2 billion, signaling a major push into stablecoins.

Circle has launched the public testnet for Arc, its new Layer 1 blockchain network, with support from over 100 firms including BlackRock and Visa, aiming to create predictable stablecoin transactions.

A Japanese startup has launched JPYC, the world's first stablecoin pegged to the Japanese yen, with plans to issue $66 billion worth within three years.

The Kyrgyz Republic has launched a national stablecoin and is preparing a CBDC in a major partnership with cryptocurrency giant Binance.

Rumble, the video streaming platform, will enable Bitcoin, USDT, and Tether Gold tipping for its 51 million monthly users in mid-December, partnering with Tether to boost stablecoin adoption.

Dogecoin has rallied 2.4% with a 68% surge in trading volume, hinting at institutional interest as giants like JPMorgan move to accept crypto as collateral.

Japan's financial regulators are considering allowing banks to hold Bitcoin as an investment, while the nation's top three banks plan a joint yen stablecoin.

Citi plans to launch a crypto custody service by 2026, enabling the bank to hold digital assets like Bitcoin and Ethereum for institutional clients, marking a major step into the digital asset space.

The Bank of North Dakota, the only state-owned bank in the U.S., will launch a dollar-backed stablecoin called the "Roughrider Coin" in 2026 with Fiserv.