Crypto Market Today: Telegram’s Bond Raise, Stablecoin Growth, &VP Vance’s Pro-Bitcoin Declaration Shape Industry Outlook

$1.7B Telegram Raise, $36B Stablecoin Boom, and Pro-Bitcoin US Policy Shape Crypto Market
Crypto Market Today: Telegram’s Bond Raise, Stablecoin Growth, &VP Vance’s Pro-Bitcoin Declaration Shape Industry Outlook
Written By:
Kelvin Munene
Published on

Key Takeaways

  • Telegram raised $1.7B in bonds, exceeding its original $1.5B target due to strong demand.

  • B2B stablecoin payments reached a $36B run rate, up from $100M monthly in early 2023.

  • VP JD Vance confirmed Bitcoin's mainstream role and introduced the pro-stablecoin GENIUS Act.

The crypto market is buzzing with some interesting developments, from Telegram's $1.7 billion bond sale to expand its operations, to the rapid growth of B2B stablecoin payments reaching a $36 billion run rate in 2025, and a major shift in US policy towards crypto with VP JD Vance's endorsement of Bitcoin's role in the mainstream economy. These key events highlight the evolving dynamics in the digital asset space, with major players making strategic moves and governments reevaluating their stance on crypto regulation.

Telegram Raises $1.7 Billion in Bond Sale to Expand Operations

On May 28, Telegram, the crypto-friendly messaging platform, finished a highly successful $1.7 billion bond offering. The 9% coupon offered in the deal generated strong interest from major global investors, including BlackRock and Mubadala. Initially, the company intended to collect $1.5 billion, but expanded the sale due to high interest.

Telegram’s co-founder Pavel Durov expressed gratitude in a statement on the platform, noting that demand exceeded allocation capacity. Out of the total amount raised, $955 million will go toward repaying outstanding debt from a 2026 bond issue. The remaining $745 million will be used to fund growth initiatives and operational expansion.

Investors in the offering secured the right to purchase Telegram shares at a 20% discount in a future IPO. The move follows Telegram’s recent partnership discussions with Elon Musk’s xAI. Although formal agreements are pending, Durov stated that Telegram will receive $300 million in cash and equity, as well as 50% of xAI’s subscription revenue generated through the platform. Toncoin (TON), Telegram’s native digital asset, rose 20% following the announcement.

B2B Stablecoin Payments Hit $36 Billion Run Rate in 2025

Business-to-business stablecoin payments have emerged as the fastest-growing segment in the crypto payment ecosystem, according to a survey by Artemis, Castle Island, and Dragonfly Ventures. The study found that B2B stablecoin volumes reached $3 billion per month by early 2025, up from under $100 million at the start of 2023. The projected annual run rate now stands at $36 billion.

Increasingly, more individuals and organizations are opting for stablecoins over SWIFT. Examples of applications are vendor settlements, cross-border transfers, and collateral movement. The report surveyed 31 firms globally and found that many businesses provide solutions just for B2B crypto needs. Examples include Bitso Business, Yellow Card, and Conduit.

Nic Carter, partner at Castle Island Ventures, explained that small and medium enterprises, particularly in emerging markets, are leading the adoption. While retail transactions still dominate stablecoin use, B2B volumes now represent a major shift in the market structure. Most of these transfers utilize Tether (USDT) and operate on the Tron blockchain, which accounts for 60% of stablecoin trading activity.

Also Read: Crypto Prices Today: Bitcoin Price Falls to $107K While Ethereum Hits $2,727

VP JD Vance Declares Bitcoin’s Role in Mainstream Economy

At the Bitcoin 2025 conference in Las Vegas, U.S. Vice President JD Vance delivered a speech in support of digital assets. Vance announced that the Trump administration would end the regulatory crackdown on crypto. He declared that Gary Gensler had been removed from his SEC role and warned that more dismissals would follow.

Vance emphasized that Bitcoin now holds a legitimate place in the U.S. economy. He introduced the GENIUS Act, a bill designed to regulate stablecoins, which has bipartisan backing and is expected to advance in the Senate. The speech received strong support from attendees and marks a shift in federal policy toward crypto.

According to Vance, the administration aims to eliminate regulatory barriers and promote innovation in blockchain technology. He encouraged the crypto community to stay politically active, noting that policymakers can no longer ignore the space. His statements signal a new era of alignment between government policy and the development of digital assets.

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