Stablecoins are the fastest-growing payment method, experiencing a significant boost between 2020 and 2021 during the rise of DeFi.

Today, with a shifting regulatory landscape in the U.S. and the emergence of new stablecoins, the market appears to be on the verge of further expansion.

Eligible creditors should expect to receive funds from their selected distribution service provider, either Bitgo or Kraken, within 1 to 3 business days from May 30, 2025.

In the Second Distribution, by the waterfall priorities outlined in the Plan:

- Allowed Class 5A Dotcom Customer Entitlement Claims will receive a 72% distribution;
- Allowed Class 5B U.S. Customer Entitlement Claims will receive a 54% distribution;
- Allowed Classes 6A General Unsecured Claims and 6B Digital Asset Loan Claims will each receive a 61% distribution; and
- Allowed Class 7 Convenience Claims will receive a 120% distribution.

John J. Ray III, Plan Administrator of the FTX Recovery Trust, said: “These first non-convenience class distributions are an important milestone for FTX.

🔎 The scope and magnitude of the FTX creditor base makes this an unprecedented distribution process, and today’s announcement reflects the outstanding success of the recovery and coordination efforts of our team of professionals.

Our focus remains on recovering more for creditors and resolving outstanding claims.

Stablecoin issuers have led the shifting fee dynamics, generating $644.1M in April alone—accounting for a dominant 47.2% of total fees.

🔎 This isn’t surprising given the flight-to-safety behavior in today’s uncertain macro environment.

Decentralized Exchange (DEX) followed with $121.5M (8.9% share), and Liquid Staking came in third at $94.6M (6.9%), though notably down from its 15.2% peak share in January.

🔗 VirPay: https://virpay.com/

Enterprises will increasingly accept stablecoins for payments

💳 Stablecoins found product-market fit in the past year — not surprising since they are the cheapest way to send a dollar, enabling fast global payments. Stablecoins also provide more accessible platforms for entrepreneurs building new payments products: no gatekeepers, minimum balances, or proprietary SDKs.

But large enterprises have not yet woken up to the substantial cost savings — and new margins — available to them by switching to these payment rails.

💳 While we’re seeing some enterprise interest in stablecoins (and early adoption in peer-to-peer payments), I expect to see a bigger experimentation wave in 2025. Small-/medium-sized businesses with strong brands, captive audiences, and painful payment costs — like restaurants, coffee shops, corner stores — will be the first to switch from credit cards.

They don’t benefit from credit card fraud protection (given in-person transactions), and are also the most hurt by transaction fees (30 cents per coffee is a lot of lost margin!).

We should also expect larger enterprises to adopt stablecoins as well. If stablecoins indeed speedrun banking history, then enterprises will attempt to disintermediate payment providers — adding 2% directly to their bottom line 📈

Enterprises will also start seeking new solutions to problems credit card companies currently solve, like fraud protection and identity.

Even as stablecoins have become a breakout success, these questions have plagued the policy debate. Many still believe that stablecoins, however impressive the numbers may be, are limited to crypto use cases.

🗃 We all know that the metrics are strong and climbing. The supply of stablecoins in the aggregate is around $170 billion.

- They settle trillions of dollars worth of value every year.
- Around 20M addresses onchain make a stablecoin transaction every month.
- 120M+ addresses onchain hold a nonzero stablecoin balance.

These numbers indicate that stablecoins are a serious parallel financial infrastructure — having started at near zero just five years ago.

🔗 New research

Malware is altering users’ cryptocurrency withdrawal addresses, leading to significant financial losses for victims.

❗️We recommend that users verify the authenticity of apps and plugins, double-check withdrawal addresses, and stay informed to protect themselves from this scam.

Global malware issues impact cryptocurrency transactions by altering withdrawal addresses during the transaction process. This malicious software, often called “Clipper malware,” intercepts data stored in the clipboard, primarily targeting cryptocurrency wallet addresses.

When a user copies and pastes a wallet address to transfer cryptocurrency, the malware replaces the original address with one designated by the attacker. If the user completes the transfer without noticing the change, the cryptocurrency is sent to the attacker’s wallet, resulting in financial loss.

Measures to Stay Safe

To protect yourself from this type of malware, follow these security tips:

💡Verify Authenticity
Ensure that your apps and plugins are authentic and not fake or potentially harmful. Avoid downloading software from unofficial sources.

💡 Double-Check Addresses
Double or triple-check your withdrawal address before completing any transactions. This simple step can prevent significant financial loss. To be extra safe, you can take a screenshot of the withdrawal address right before sending the payment and have the recipient verify it against a photo to leave text-altering malware no chance.

💡 Stay Informed
Keep up-to-date with the latest security advisories from Binance and other trusted sources. Awareness is a key component of cybersecurity.

💡 Use Security Software
Install reputable security software to detect and remove malware. Update this software regularly to protect against new threats.

By following these guidelines and staying vigilant, you can significantly reduce the risk of falling victim to this type of scam.

STAY SAFU!

🔗 VirPay: https://virpay.com

BNPL is a payment method that allows you to purchase goods or services now and pay for them later in installments.

It’s a popular alternative to traditional credit cards, offering more flexibility and potentially lower interest rates.

How does BNPL work?

✅ Choose a BNPL provider
✅ Select your purchase
✅ Get approved:
✅ Make your payments:

Benefits of BNPL:

🔎 Interest-free financing
🔎 Flexible payments
🔎 Improved credit score

BNPL can be a convenient and affordable payment option, but it’s important to understand the terms and conditions before using it.

🔗 VirPay: https://virpay.com/

🤝 We thank all participants and organizers!

📍 Ho Chi Minh City, Vietnam

This event was an unforgettable immersion for us into the rapidly developing Web3 ecosystem in Vietnam, a country that is leading the way in cryptocurrency adoption.

We present to you photos from the event 📹

How it works

1️⃣ The merchant creates a payment page directly from the merchant tools.

2️⃣ The page link is shared by text or email, or integrated via a button.

3️⃣ Customers click & pay with any crypto wallet.

4️⃣ Payment is complete and the funds arrive in your account.