The past week has been packed with major developments shaping the global crypto landscape. Deutsche Bank projected that Bitcoin could join gold in central bank reserves by 2030, signalling a profound shift in how nations view digital assets as stores of value.
In the U.S., momentum is building as Senator Cynthia Lummis advances legislation to establish a Strategic Bitcoin Reserve and cut taxes on everyday crypto transactions, aiming to make digital currencies more accessible to Americans.
Meanwhile, a new market analysis suggested that stablecoins could attract up to $1 trillion moving out of emerging market banks by 2028, underscoring the rapid transition from traditional finance to blockchain-based systems. Together, these milestones highlight the accelerating integration of crypto into global economic policy and institutional portfolios.
Global stablecoin market reaches record highs
The global stablecoin market has reached a new record, with total capitalization surpassing $294.76 billion, according to on-chain data from DeFiLlama. The rise reflects the rapid institutionalisation of digital assets and a broader shift toward blockchain-based payments worldwide.
Over the past week, stablecoin transaction volumes grew by 1.46%, showing sustained growth despite ongoing market fluctuations. Analysts say the trend marks a turning point for the digital economy, as stablecoins increasingly bridge traditional finance and decentralised ecosystems.
Momentum is also driven by regulatory clarity. In the United States, the GENIUS Act, signed into law in July, has created the country’s first comprehensive framework for issuing and trading stablecoins. The legislation has reassured banks, payment processors, and fintech firms, spurring new product launches and investment inflows.
Meanwhile, Europe’s MiCA regulation took effect this year, introducing unified rules across the EU. The Bank of Italy has urged stronger international coordination, noting the importance of global standards for cross-border stablecoin operations.
Industry experts say this convergence of regulation and adoption positions stablecoins as the backbone of the next generation of digital finance, powering payments, remittances, and tokenised economies worldwide.
Morgan Stanley opens crypto investing to all clients
In a significant move for mainstream adoption, Morgan Stanley will allow all its clients-including those with retirement accounts- to invest in cryptocurrencies starting October 15. The change removes previous barriers that limited access to high-net-worth individuals.
The Wall Street leader, which manages $8.2 trillion in assets, plans to offer exposure to Bitcoin, Ethereum, and Solana through funds managed by BlackRock and Fidelity. The firm’s Global Investment Committee recommends a cautious entry, with a maximum initial crypto allocation of 4%, adjusted according to client risk profiles.
Chief Investment Officer Lisa Shalett described cryptocurrencies as “a speculative and increasingly popular asset class,” acknowledging growing interest among investors of all ages. Morgan Stanley’s move reflects a broader trend among major financial institutions embracing digital assets as regulatory clarity improves under the Trump administration.
Russia outlines plans for unified digital asset strategy
Russia’s Deputy Finance Minister Ivan Chebeskov has called for a national strategy to align the country’s digital ruble, tokenized assets, and cryptocurrencies within a single regulatory framework. Speaking at Crypto Summit 2025 in Moscow, he said the goal is to leverage digital assets to strengthen the economy and promote innovation.
While the Central Bank of Russia remains cautious about allowing free crypto circulation, authorities are also discussing rules for stablecoins and easing access to crypto-based investment products.
The proposed framework signals Russia’s growing recognition of blockchain technology as a strategic tool for economic development and financial sovereignty. Analysts note that as Western markets embrace regulated digital assets, Moscow’s approach could define its long-term position in the global crypto economy.
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Rodcas Consulting Group