News

The IPO of AA Group may take place as early as next year.

The MarketVectorTM Digital Assets 100 Mid-Cap Index fell by 1.40% to 2,426.09 points, recording a cumulative decline of 12.45% in the second quarter. The MarketVector Digital Assets 100 Index dropped by 2.00%, closing at 11,598.62 points, with a cumulative decline of 14.87% for the quarter. Since the beginning of the second quarter, Solana has fallen by 11.44%, Dogecoin has dropped by 22.63%, and XRP has decreased by 22.49%. Bitcoin has declined by 14.20%, currently quoted at 58,440.11 US dollars; it had risen consistently since April 1, reaching 82,807.12 US dollars on May 6, but saw a significant accelerated pullback in early June; Ethereum has dropped by 25.49%, currently quoted at 1,569.284 US dollars.

BlockBeats news, on July 1, payment infrastructure company Cybrid released its latest survey report showing that stablecoins are rapidly entering the corporate payments sector. The survey found that 42% of surveyed companies have already used stablecoins for cross-border payments, 88% of companies said they are likely or very likely to adopt stablecoins in the next 12 months, while only 2% of companies indicated they will continue to rely entirely on traditional payment systems. The report shows that companies adopting stablecoins can save an average of 35% on cross-border payment costs, and companies with monthly payment volumes exceeding 100 million US dollars save an average of up to 47%. Payroll and contractor payments are currently the main application scenarios, followed by supplier payments, customer payments, investment and earnings management, and fund management. In addition, 71% of respondents believe that a clear regulatory framework is the primary factor in promoting the further adoption of stablecoins, higher than the credibility of infrastructure providers and system integration factors. The survey was conducted from April to May this year, covering 468 executives from technology, financial services, and e-commerce companies in the United States, Canada, and the United Kingdom.