DeFi News Daily Official TheBitTimes.com

One of the largest credit companies in the world says stablecoins could transform the multi-trillion-dollar global credit market. In a new research report, Visa says dollar-pegged digital assets have evolved from being mere crypto trading tools to foundational lending tools. “Stablecoins have evolved from crypto trading tools to foundational infrastructure powering a new lending space that has grown rapidly in the past year, processing over half a trillion in loans to date… For banks and financial institutions, this represents both an opportunity and an imperative to understand how programmable money is reshaping credit markets.” Visa outlines three major ways stablecoins can transform the wholesale credit market – by allowing tokenized assets to unlock collateral pools, expanding the role of crypto credit programs, and helping assess the creditworthiness of potential clients digitally. Visa says tokenized traditional assets may soon serve as collate...

A Dogecoin ETF (exchange-traded fund) is set to debut tomorrow, potentially ushering in a wave of meme coin ETFs in the US. The REX-Osprey Dogecoin ETF (DOJE) is expected to launch on Sept. 11, offering investors direct exposure to Dogecoin through a structure designed for faster SEC approval under the Investment Company Act of 1940 Act. Multiple other Dogecoin ETF applications are already under review by the Securities and Exchange Commission including filings from Bitwise, Grayscale and 21Shares. Canary has submitted a proposal for the PENGU ETF, which would provide indirect exposure to the Solana-based meme coin Pudgy Penguins (PENGU), while Tuttle Capital has filed for 2x leveraged ETFs for BONK, TRUMP and MELANIA meme coins. “Meme coin ETF era about to kick off it looks like with $DOJE slated for a Thursday launch,” said Bloomberg ETF analyst Eric Balchunas in a post on X.  “Pretty sure this is first-ever US ETF to hold something that has no utility on p...

The European Union (EU) is quickly accelerating its digital euro plans following the signing of the GENIUS Act, which introduced a number of crypto regulatory changes in the U.S.  Most notably, the act established the first comprehensive framework for the $288 billion U.S. stablecoin market, requiring issuers to maintain full liquid-asset reserves, secure licenses, and comply with strict disclosure rules. These changes have sparked concerns worldwide that dollar-backed stablecoins could gain further footing, threatening the euro’s role in cross-border payments in the process. EU officials are accelerating digital euro plans after the US passed its Genius Act stablecoin law, which raised concerns over the euro’s competitiveness. Sources say the ECB is now considering public blockchains like Ethereum $ETH or Solana $SSK. — Wall St Engine (@wallstengine) August 22, 2025 Digital euro on Ethereum and Solana? The European Central Bank (ECB) first propo...