It was two weeks ago that this modern-day Cassandra, in his infinite wisdom, decided to abandon the very token he had once embraced. He sold it at the modest price of $2.4, driven to do so by a whispered rumor, a suggestion, no more, from an unnamed oracle—a fellow who warned Portnoy that the USDC issuer Circle would soon become a foe to XRP. Ah, the folly of men, trusting others more than their own judgment!
Now, you might be wondering how this is possible. Well, let me tell you, folks! The market cap of this here USDT recently reached an all-time high of $160 billion, driven largely by soaring activity on the TRON (TRX) blockchain and growing demand from decentralized users across the globe. USDT’s supply on TRON has now topped $80 billion, surpassing the amount issued on Ethereum (ETH) by $6 billion, per an analysis published on July 18 by CryptoQuant contributor Darkfost.
At a press event, Atkins stated that the SEC is actively looking forward to establishing clear rules for the digital asset space. He said, “Staff is considering what other changes may be appropriate to incentivize tokenization within our regulatory framework, including an innovation exception that would permit novel ways of trading and more narrowly tailored forms of relief to facilitate the building of other components of a tokenized securities ecosystem.”
According to the latest from crypto.news on July 18, 2025, Ethereum (ETH) has magically floated back into the $3,600 zone, a feat not seen since it took a nosedive in January. 🚀
The Shiny New Toy on the Blockchain Playground
Behold, the digital domain introduces its valiant noble steed: the dollar-based stablecoin! Sudhakaran points to the props of growing acceptance, claiming they may indeed disrupt the illustrious ACM project. After all, “institutions have already adopted stablecoins for the very cross-border shenanigans that PAPSS hopes to master.” And let’s not forget, stablecoins boast the charm of dollar stability with the finesse of those speedy digital assets—minus the pesky currency-crisis theatrics that plague African currency pairs. 🎉
Although the AU desires to gallivant forward with PAPSS, Sudhakaran asserts that “digital assets and stablecoins provide a more vibrant avenue to realizing these festive aspirations.” Not to mention, it opens the gates for platforms like VALR to strut confidently into the spotlight. 🌅
As the conversation meanders, Sudhakaran reflects on Arthur Hayes’ recent declarations that a staggering one-third of Nigeria’s GDP now seemingly flows through USDT—quite a spectacle, no? While some skeptics squint disbelievingly, he boldly asserts that conditions fostering stablecoins’ adoption in Nigeria highlight a palpable trend! Ah, Africa, the grand beneficiary basking in the glow of dollar-based stablecoins! 💵✨
“The evidence speaks for itself; stablecoins now contribute to 40% of VALR’s magnificent transaction volumes. And lo! VALR finds itself celebrated among the global top minters of the stablecoin USDC—a dazzling feat that underscores broader patterns of African enthusiasm,” he relays, channeling the excitement. 📈
Interest in stablecoins is rivaled only by the allure of cryptocurrencies, luring global exchanges towards the continent like moths to a flame. Yet, in a curious twist, these exchanges often exhibit a lack of willingness to establish a thriving presence—perhaps a fear of facing 54 separate nations, each a final boss in its own right, with their quagmired financial systems and regulatory enigmas. 🎮
“They’re wise to tread lightly—after all, traversing through these labyrinthine corridors calls for deep pockets and expertise,” Sudhakaran imparts sagely. 🌍
He further illuminates the complexities fledging crypto businesses face in Africa—a jigsaw puzzle of regulations. Beyond mere legislation, one must unravel the intricate tapestry of local payment systems, compliance requirements, and ever-shifting market dynamics.
“Many outsiders fail to grasp that for many Africans, crypto isn’t just a financial dalliance; it’s born out of necessity—remittances, hedging against inflation, and clinging to stability! This profound difference cultivates a dedicated user base that draws upon crypto not for mere speculation, but for surging financial needs,” he suggests, adding some sophistication to the banter. 🌱
Thus, Sudhakaran champions a partnership approach for global exchanges eager to navigate African waters—the key lies in collaboration with well-established local exchanges.
“Why walk the daunting tightrope alone?” The rallying cry rings out. “Let us welcome global crypto adventurers to VALR! We’ve already done the heavy lifting, so join us in access and integration to this vibrant customer landscape. The stage has been set for collaboration!” he proclaims with fervor. 🎤✨
This development coincides with a significant rally in ETH. The altcoin recently broke the $3,600 mark, reflecting a 21.2% increase over the past week. This surge outpaces Bitcoin’s (BTC) modest 2.96% gain in the same period, highlighting growing institutional appetite for ETH. 🚀📈
“Alas! Millions were on the table, and yet here I am, drowning in tears! Woe is me, for I have severed ties with the very XRP army I once commanded!” lamented Portnoy, in a melodramatic video posted amidst the chaos of social media. 😂
Ethereum, in a display of strength that would make the strongest man weep, has risen above the $3,220 zone, outshining even the mighty Bitcoin. The price, with the grace of a dancer, moved past the $3,350 resistance, a move that would have made the most skeptical of traders reconsider their stance.
But wait, there’s more! Reports whisper of a grand plan involving a CAD $900 million shelf prospectus—whatever that means! It’s like saying they’ve got a treasure map leading to a hidden stash of up to 6,000 BTC by 2027. Short-term goals meet long-term dreams, like chocolate meeting peanut butter in a delightful dance! 🍫🥜
On the date that one can only imagine gracing the annals of history—July 17—the esteemed Chairman of the U.S. Securities and Exchange Commission, Paul Atkins, announced with considerable gravitas that three cryptocurrency bills, like reluctant yet blissful reluctant dancers, had been twirled through the House of Representatives. He called this movement a pivotal pivot, a veritable pirouette in the dance of digital finance regulation, all in the name of sweet stablecoin integration.
