In the last week, the stablecoin market expanded by 4.58 billion USD, reaching a total valuation of 239.11 billion USD. Major players like Tether (USDT) and Circle’s USDC saw notable increases, reinforcing their presence in the market.
The Swiss National Bank’s Chairman, Martin Schlegel, firmly rejected proposals to add Bitcoin to national reserves, citing significant volatility risks. A referendum in Switzerland aims to advocate for Bitcoin as a safeguard against systemic economic risks.
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