Track market-moving stories before they get noisy

17h05 ▪ 6 min read ▪ by Mikaia A.

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Stablecoins have been suffering a historic hemorrhage for two months now. Guess which stable crypto emerges victorious from this financial chaos? More than 12 billion dollars have left the sector, the sharpest contraction since 2022. Tether holds strong, Sky Dollar collapses, and Global Dollar explodes. The stable crypto market is changing face.

In brief 12.4 billion dollars have left stablecoins since mid-May, an unprecedented contraction since 2022. Tether and USDC resist, Sky Dollar crashes 12%, Global Dollar explodes 9%. Hyundai completes international stablecoin transfers in 7 minutes versus 4 hours. Visa sees stablecoins dominating micro-payments in the AI agents economy. $12B Vanished : Stablecoins’ Biggest Bloodbath Since 2022 Since May 17, 2026, stablecoins have lost 12.4 billion dollars, their largest contraction since 2022. Just last week, 1.5 billion dollars vanished from the sector. The total market capitalization of the stablecoin market has now fallen to about 311 billion dollars, down 0.61% over seven days. 

However, this decline is not a typical panic. Bitcoin and major altcoins held steady during this period. If fear had truly dominated the markets, digital assets would have fallen together. 

This is not the case, raising questions about the real causes of this movement. The current contraction appears less related to fear and more to a deep structural evolution in the sector. 

Stablecoins no longer play the simple role of dollar parking. They now compete on yield, features, and utility. Capital moves towards assets offering attractive returns. 

Those offering only stability are losing ground. The market is silently reshaping itself.

The Giants Hold Their Ground While Challengers Jostle for Position Tether (USDT) resists with 184.055 billion dollars, down only 0.06% for the week. Circle (USDC) follows at 73.376 billion, down 0.04%. These two heavyweights now dominate 82% of the stablecoin market. 

Yet behind this apparent stability, a silent war rages. Sky Dollar (USDS) falls 12.30%, a dizzying drop that pushed it below 7 billion dollars. World Liberty Financial (USD1) loses 4.59% of its capitalization. BlackRock BUIDL drops 8.68%, a significant decline for an institutional player. 

Conversely, Global Dollar (USDG) explodes 9.08%, reaching 3.164 billion dollars. PayPal (PYUSD) climbs 1.60% to 2.877 billion dollars. This striking divergence reveals a fundamental antithesis in the market. 

Yield-bearing stablecoins attract capital seeking returns. “Parking” stablecoins lose ground. The market no longer rewards simple stability. It now demands yield and utility.

Hyundai in 7 Minutes, Visa Sees the Future : The Big Players Are Here Hyundai became the first South Korean conglomerate to use Avalanche for international stablecoin transfers. A 20,000-dollar transfer from Hyundai Motor America to Hyundai Motor Mexico was completed in just 7 minutes. Compared to 3 to 4 hours via traditional banks, the difference is striking. 

Hyundai plans to expand this system to its European subsidiaries, with Circle (USDC) and Visa as partners. Institutional adoption of stablecoins is accelerating significantly. 

At the same time, Visa published a report with Artemis on the AI agents economy. According to this report, cards will remain suited for macro-transactions. Stablecoins will dominate micro-payments, especially those below 1 dollar, in the automated economy. Visa sees cards and stablecoins not as rivals but parts of the same system. 

The heavyweights of traditional finance are now entering the game. This institutional movement could disrupt the balances of the stablecoin market.

$12B have fled stablecoins. Tether stands its ground, USDS is tanking, USDG is taking off. Hyundai and Visa are now joining the dance.

The 12 billion contraction signals not weakness but a transition to unprecedented maturity. Hyundai and Visa are only the first signs of a structural adoption transforming stablecoins into payment tools, not just value reserves. 

Yet, the path is fraught with pitfalls: regulation, with the CLARITY Act or MiCA in Europe, could redefine the rules for stablecoin issuers. Players like Tether, who dominate through liquidity, will need to adapt to an environment where yield and transparency become decisive criteria. 

The success of Global Dollar and PayPal PYUSD proves it: capital now rewards innovation and utility. The stablecoin market ceases to be a calm ocean. It becomes a battlefield where only the most agile will survive. 

The question is no longer who dominates today, but who will be able to evolve tomorrow. The reshuffling is only beginning.

Key figures of the shuffle: 12.4 billion evaporated in two months; USDT dominates at 184 billion; USDS drops 12.3%; USDG explodes 9.08%. The United States can pride itself on its dominance over stablecoins. But on the European side, a cloudy sky looms with this rain of digital money. The BIS warns against rampant dollarization of emerging economies, driven by the expansion of stablecoins.

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Mikaia A.

La révolution blockchain et crypto est en marche ! Et le jour où les impacts se feront ressentir sur l’économie la plus vulnérable de ce Monde, contre toute espérance, je dirai que j’y étais pour quelque chose

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.

Manisha Agrawal Posted On March 15, 2019

Finally, the wait is over. In a recent press release, Skycoin announced the launching of Skywire Mainnet. Since the beginning of its work on Skywire Mainnet, Skycoin drew everyone’s attention. This is because Skycoin aimed to make a better design bitcoin. Although bitcoin is highly successful and reputed, it does have some philosophical issues tied to its design. One such major issue is the censorship-resistant payment system. From the time of its release of the idea of Skywire Mainnet in 2011, Skycoin has been the talk of the town.

So what exactly is Skycoin? Skycoin is like any other blockchain platform but aims to create a decentralized internet. Though it sounds like a cliché decentralized platform, it does stand out from others with some very unique features like providing a framework like BBS to create a distributed social media network. For instance, Skymessenger is an encrypted messenger service.

One such intriguing service by Skycoin is Skywire Mainnet. After a long wait, Skycoin finally released a developer version to the public for testing. It is perhaps the most exciting thing that happened in the blockchain industry because the main aim of Skywire Mainnet is to create next-gen dApps (Decentralized Applications). It includes a lot of sub-features like secured chat, multi-hop tunneling proxy, etc.

This is the very initial focus of Skycoin. Soon after this, there are many more iterations are ready to be released. It perhaps is a very effective way of marketing and launching a service. Because the users will be anxious to know about what else is in store and also Skycoin is accepting feedback from the users by encouraging them to report any bugs they find while using the apps. It will help Skycoin to make the upcoming iterations more perfect. Even the forthcoming features of Skywire Mainnet are interesting. Some of these iterations include private Skycoin transactions, Remote management of unlimited nodes, etc. If everything went as planned and expected, Skywire Mainnet is going to be a revolutionary turn in the blockchain industry.

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Author

Manisha Agrawal Manisha Agrawal is a cryptocurrency and blockchain enthusiast. She has worked as a content writer for two years and worked as a research based blockchain blog writer too. Also, she worked as a crypto news writer with various known firms like Crypto-News India, Coingape and The Coins Report.

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Binance CEO Changpeng Zhao says he disagrees with Ethereum creator Vitalik Buterin’s recent comments on blockchain scalability.

In an interview with The Star, Buterin said the speed and cost of blockchain transactions remain the biggest challenge facing blockchain technology.

“The main problem with the current blockchain is this idea that every computer has to verify every transaction. If we can move to networks where every computer on average verifies only a small portion of transactions then it can be done better.”

In response, Binance CEO Changpeng Zhao issued a tweet saying newer blockchains have already successfully pushed blockchain transaction volume and speed to acceptable levels.

“I like Vitalik and ETH, but speed and capacity was a problem a year ago, but now a largely solved problem for newer blockchains (for now). We need to increase real applications that people actually use, so that we hit the new capacity issues/limits again. Focus on applications.”

Buterin quickly countered, saying recent attempts to beef up blockchain speed are too centralized, citing EOS as an example.

“It’s not solved at all. Even the newer semi-centralized blockchains have TPS in the hundreds; AFAIK EOS has already had scalability bottleneck issues.”

Hundreds of comments poured in, sparking a rigorous technical discussion about orphan blocks, nodes, Raspberry Pi, reorgs and how to solve the holy grail of scalability without sacrificing security and decentralization.

The team at MetaHash countered that their next-generation blockchain outperforms Buterin’s assumptions.

[tweet 1164141046130978817 hide_thread=’true’]

[tweet 1164152594962571265 hide_thread=’true’]

Supporters of GoChain, Skycoin, Elrond, EOS and HPB (High Performance Blockchain) all affirmed that solutions are available.

[tweet 1164295083002343431 hide_thread=’true’]

Buterin also says he’s becoming increasingly doubtful that second-layer solutions like the Lightning Network are the best solution to boost the speed and lower the cost of transactions.

https://twitter.com/VitalikButerin/status/1164086901265129478

He highlighted Bitcoin SV as a more scalable solution.

https://twitter.com/VitalikButerin/status/1164087067363762176

Binance launched its own blockchain, called Binance Chain, in April of this year. Zhao says it can handle about 2,000 transactions per second. In contrast, the Ethereum blockchain currently supports roughly 15 transactions per second. However, Binance Chain is not designed to support smart contracts, a key factor in its ability to support higher transaction volume.

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Having appeared in March 1989, 31 years ago, the Internet has become one of the fastest-growing projects in the history of mankind. By 2025, it can turn into one of the basic human needs, at least for the vast majority of people on the planet.

Obviously, most people know what the Internet is. However, very few of them can clearly explain how the Internet works, what decentralization is and what is special about the decentralized network. It is these concepts that can hold the key to solving the question of ensuring maximum data security on the Internet.

A decentralized Internet is a blockchain in which data is stored in encrypted form. It means that only the person whom this information belongs to or the one who has such rights can change the data. Information cannot be compromised, altered, or deleted by a random person. Thus, almost total protection of information from hacking is provided.

All data kept on the blockchain network is encrypted with a reliable information protection protocol. On the one hand, this may seem to be very ambiguous, since by 2024 the first quantum computer is expected to be able to crack any cipher in a matter of seconds due to a significantly higher production power compared to traditional computers. However, there is still a whole 5 years in order to improve existing cryptographic algorithms that are resistant to quantum computing.

Now the question is: can the modern centralized Internet provide the necessary level of data protection? And the answer is obviously no. With the growing power of Internet giants such as Google and Facebook, user data no longer belongs to them. If earlier we could place a home page even on our own computer, now we give all our data to Internet giants and, as a result, we are increasingly seeing news about another leak of information.

Decentralization as it was originally conceivedThe "worst-first" concept also affected decentralization, or rather its first form with many shortcomings – the first peer-to-peer (p2p) networks that appeared long before web 2.0. The original use case of p2p is file-sharing; the first networks were designed to share music. While the first networks (such as Napster) were essentially centralized, the degree of decentralization gradually increased and technologies improved. Eventually, systems with a “download queue” were replaced by torrents, and the concept of distributed DHT hash tables appeared. It was also assumed that in p2p networks the content is stored locally on the user's device and distributed to other participants.

Now, a large number of users refuse to store information on the device and completely rely on online services. One way or another, a decentralized architecture is always more complex than a centralized one. In centralized resources, there is a strict dictate of server code. In decentralized – the need to negotiate between many equal participants. Of course, one cannot do without cryptography, blockchains, and other achievements worked out mainly on cryptocurrencies.

It is likely that in the future, the formation of an ideal decentralized network may require some cryptographic mutual trust ratings created by network participants for each other. At the same time, the network architecture should allow for effective protection against botnets, which, existing in a certain cloud, can, for example, win ratings together. Another threat is Internet giants and large corporations with technical superiority and the ability to take control of such a decentralized network still having access to user data and thereby discounting the very idea of ​​decentralization.

Decentralized Internet (not) here and now – real pioneer experienceAccording to experts, the global market for blockchain systems will grow from $2 billion in 2018 to $23-54 billion in 2025. However, users are now much more interested not in the numerical indicators, but in the privacy and security of personal data. This issue is being addressed by a number of companies and leading international experts. Among them is the inventor of the World Wide Web and one of Time Magazine's '100 Most Important People of the 20th Century', Sir Tim Berners-Lee, who is currently working on Solid open-source software aimed at putting a person in the Internet development center instead of making money out of it for large enterprises.

The purpose of Solid is to enable users to decide where their information can be sent, who will be able to see it, and which applications will gain access to it. Solid developers have taken the existing WWW protocols (HTTP, REST, HTML) as the basis, but the concept of the new network lies in the creation of "decentralized sites" that supposedly will be entirely owned by users.

Solid is expected to work on the principle of cryptocurrencies with users receiving a kind of virtual passport – WebID, which will serve as an identifier for both network participants and any information resources. It should allow for better control over the security of personal data, and provide an opportunity for network participants to personally decide who should be given rights to process their information.

So far, Solid is very limited in its functions and scale, and it is unlikely that a new ecosystem will soon appear, even despite recent statements about the expansion of the development team. In one of the latest blog post, Tim Berners-Lee wrote:

“For the world to experience the true value of the web we’re building, we must address the vital issues related to privacy, trust and security.”

Alternative decentralized internetThe WWW inventor is not the only one who deals with the issue of decentralization of the Internet: MaidSafe, Tachyon, Orchid, Skycoin, BlockCloud are also on the market. Mostly among these solutions are decentralized Internet protocols. One of the most popular of them, for now, is the Tachyon Protocol – the first decentralized VPN that has been recently launched on Google Play and backed by IPX - the new Top 130 cryptocurrency according to Coinmarketcap. It reconstructs the TCP / IP stack using its own iterations of proven P2P technologies – DHT, blockchain, UDP, and encryption. This, in turn, provides high data transfer efficiency, a more reliable, stable and anonymous Internet connection.

Even without being the first in the Internet protocol market, the Tachyon team offers an advanced technical solution, actively collaborating with a blockchain database cloud project that uses a unique Supernode-Proof-of-Stake consensus mechanism for security, V Systems, and X-VPN, a renowned VPN service provider used by 50 million + people worldwide, still expanding its community, as well as introducing a  Tachyon VPN product on various platforms, including iOS, Android and Mac.

Among other things, this decentralized protocol has an optimized economy that can motivate all participants to honestly develop the ecosystem. The official digital currency of the protocol already has a certain value and is placed on many top exchanges, such as HitBTC and OceanEx, and according to recent data, IPX is waiting for placement on another major exchange called HotBit, which is in the top 2 in terms of trading volume according to Coinmarketcap.

It is interesting to note that behind the project is none other than Sunny King, the creator of the Proof of Stake consensus mechanism. Sunny is a cult hero figure in the cryptocurrency space making rare appearances in public to maintain his anonymity.

Blockchain vs data leakage via Internet giants’ services - is there an obvious winner?Existing TCP/IP-based Internet connectivity lags behind the growing user demand for stability, speed, and security. Therefore, developers of decentralized Internet protocols intend to solve this problem by implementing them in various industries, such as VPN, IoT, decentralized storage, decentralized financial systems, CDN, games, etc.

Let's analyze how the decentralized Internet protocol works using the example of Tachyon: it is an open-source decentralized network stack that combines decentralization and encryption methods to provide a self-contained Internet environment with a high level of security, traceability, availability and maximum network speed.

The Tachyon protocol is based on three main components: Tachyon Booster UDP, Tachyon Anti-Analysis (TAA) and Tachyon Security Protocol (TSP). TSP is responsible for preventing network interception and “man-in-the-middle” (MITM) attacks, playing an important role in preventing almost all types of attacks, bypassing firewalls and filtering. Tachyon Anti-Analysis (TAA) is used to decompose and transmit information. This protocol is based on a parallel multi-path routing scheme and is able to split a piece of information into several different IP packets and then redirect them along different paths, so single-point attacks cannot receive all the information.

Tachyon Booster is responsible for the Internet, in particular, for the transport and application layers of the TCP/IP protocol using proven technologies such as point-to-point protocol at the IP network layer, distributed hash table, user datagram protocol, and blockchain. It is able to accelerate data transfer up to 1000% without sacrificing data security, which in itself is an excellent achievement of the industry.

A decentralized Internet is no longer just a theory. Every day more and more practical applications are invested in this concept. Undoubtedly, we are still at the initial stage when decentralized technologies are still in development and it is too early to talk about the beginning of the mass adaptation of cryptocurrency and complex decentralized systems. It may take more than a decade to completely change the web landscape, but the trends are already clearly defined and all that remains is to wait for the technical implementation of existing ideas and the first technologies.

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