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VIPBitget VIP Weekly Research InsightsIn 2025, the stablecoin market shows strong signs of growth. Research indicates that the market cap of USD-pegged stablecoins has surged 46% year-over-year, with total trading volume reaching $27.6 trillion, surpassing the combined volume of Visa and Mastercard transactions in 2024. The average circulating supply is also up 28% from the previous year, reflecting sustained market demand. Once used primarily for crypto trading and DeFi collateral, stablecoins are now expanding into cross-border payments and real-world asset management, reinforcing their growing importance in the global financial system. More banks and enterprises are starting to issue their own stablecoins. Standard Chartered launched an HKD-backed stablecoin, and PayPal issued PYUSD. The CEO of Bank of America has expressed interest in launching a stablecoin once regulations permit (via CNBC). Fidelity is developing its own USD stablecoin, while JPMorgan Chase and Bank of America plan to follow suit when market conditions stabilize. Meanwhile, World Liberty Financial (backed by the Trump family) has introduced USD1, backed by assets such as government bonds and cash.
VIPBitget VIP Weekly Research InsightsIt's been nearly two months since the trend of celebrities and politicians launching memecoins began. During this period, liquidity in the Solana ecosystem almost dried up. Pump.fun, which once saw over 2000 successful launches landing on DEXs daily, hit a low of just slightly over 50 new projects per day, marking a drop of nearly 97%. During the two months, Pump.fun also rolled out its own DEX, Pump Swap, while major centralized exchanges (CEXs) accelerated their transition and put toward products combining spot and on-chain transactions. These offerings help bridge the liquidity gap between CEXs and on-chain trading, in order to capture opportunities in early-stage tokens' hype and drive a faster recovery in Solana's on-chain liquidity.
- 11:06The Bank of England keeps its policy rate unchanged at 4.00%.Jinse Finance reported that the Bank of England's interest rate decision as of September 18: previous value 4.00%, expected 4.00%, announced 4%, in line with market expectations.
- 10:37EU may propose 19th round of sanctions against Russia as early as FridayJinse Finance reported, citing informed sources, that after a phone call between Ursula von der Leyen and Donald Trump, the European Union plans to submit the latest round of sanctions proposals against Russia to member states as early as Friday. After the call on Tuesday, the President of the European Commission stated that this sanctions package would be the 19th round and would target the cryptocurrency, banking, and energy sectors. The United States has pressured its G7 allies to impose tariffs of up to 100% on India's purchases of Russian oil in order to force Putin back to the negotiating table with Ukraine. However, this demand may face resistance in the capitals of EU member states. According to informed sources, Trump reiterated during the call that he prefers to use tariffs as leverage rather than sanctions. Currently, G7 officials are working on a series of proposals, aiming to finalize the relevant plans within the next two weeks.
- 10:37BBH View: Risk sentiment remains positive but limited after the Fed's neutral rate cutChainCatcher news, according to Golden Ten Data, Elias Haddad, Senior Market Strategist at Brown Brothers Harriman, stated that after the Federal Reserve FOMC meeting, there was some consolidation in the financial markets. Overall, risk sentiment is positive as rate cuts will further fuel the rally, but this is a neutral rate cut rather than a dovish one, and this fact has limited the gains in risk assets.