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According to PR Newswire, risk management and insurance broker Aon has completed its first pilot for premium payments using stablecoins, demonstrating how stablecoin technology can support more efficient cash flow. This pilot was led by Aon's digital assets division and collaborated with Coinbase and Paxos to settle premiums for their respective insurance programs.Transactions were executed across multiple blockchain networks, including USDC on Ethereum and PayPal USD (PYUSD) on Solana, showcasing flexibility between different stablecoins and blockchains. This initiative is supported by the federal stablecoin framework established by the GENIUS Act, passed in 2025.Aon stated that this work aims to assess how regulated stablecoin settlements can be integrated into insurance services to achieve faster settlement times, higher payment efficiency, and enhance risk management in the evolving landscape of digital finance.

According to Bloomberg, stablecoin payment company KAST has completed its latest round of financing, raising $80 million, which values the company at $600 million. The round was co-led by QED Investors and Left Lane Capital, and the funds will be used for expansion in North America, Latin America, and the Middle East, as well as for hiring, licensing applications, and product development.According to insiders, KAST expects its annual revenue run rate to rise to $100 million this year. This financing further confirms the trend of venture capital firms continuing to invest heavily in the digital dollar account space, with related startups attracting significant capital inflows.

Solana posted on the X platform that in February, the trading volume of stablecoins on the Solana network reached $650 billion, surpassing any other network and more than double the previous record.

According to the Hong Kong media Xin Bao, the Chairman of the Hong Kong Legislative Council, Li Huiqiong, stated that she will fully support and cooperate with the city's first five-year plan. Hong Kong representative to the National People's Congress, Chen Zhenying, pointed out that the development of stablecoins, virtual assets, and other emerging financial products should be approached with caution. Many financial institutions, including banks, securities firms, and insurance companies, are already using artificial intelligence, and there is a need for better regulation of AI usage to ensure the safety of Hong Kong's financial sector and to prevent any issues.In addition, Legislative Council Election Committee member Wu Jiezhuang stated that the "14th Five-Year" plan represents the direction of national development for the next five years and beyond. In this new phase, Hong Kong should fully leverage its advantages to effectively build "four centers and one high ground," consolidating and enhancing Hong Kong's status as an international financial, shipping, and trade center, while fully developing an international innovation and technology center. Hong Kong is currently ranked as the third international financial center globally, but there is definitely an opportunity to advance further and become the second in the world.

Coinbase stated that the IRS's newly introduced digital asset tax reporting form 1099-DA rules are overly complicated and may impose unnecessary administrative burdens on a large number of cryptocurrency holders.Coinbase's Vice President of Tax, Lawrence Zlatkin, pointed out that the new regulations require reporting small transactions such as stablecoin trades and network gas fees, while stablecoins themselves have relatively stable prices and gas fees are usually only a few dollars or even lower. Reporting such information could lead to "over-reporting" in the system, making the tax framework more complex.It is reported that Coinbase is currently sending 1099-DA forms to millions of users in the U.S. This system requires trading platforms to report users' digital asset transactions to the IRS and provide users with a copy for their own reporting of gains and losses. However, in this year's reporting, Coinbase will only report the total gross proceeds from digital asset sales to the IRS and will not provide the cost basis, requiring users to calculate their actual taxable gains themselves. This may lead to confusion among some investors, and Coinbase plans to calculate the cost basis for users starting from the next tax year to simplify the reporting process.

According to Allium data, the stablecoin transfer volume reached $1.8 trillion, setting a new historical high. Among them, the transfer volume of USDC was approximately $1.26 trillion, accounting for about 70%, surpassing USDT's $514 billion.Although the market capitalization of USDC is about $77.4 billion, which is less than half of USDT's $184 billion, its transfer volume has consistently exceeded that of USDT in recent months.

The discussion surrounding the U.S. "CLARITY Act" has sparked a public debate between the banking industry and White House cryptocurrency policy officials. Christopher Williston VI, president of the Texas Independent Bankers Association, publicly stated on the X platform that compromising on this act would harm local lending and economic productivity, and he asserted that there would be no concessions on liquidity issues that support the local economy.In response, Patrick Witt, executive director of the White House Digital Asset Advisory Committee, stated that refusing to compromise on the "CLARITY Act" means there would be no restrictions on providing stablecoin rewards to intermediaries. According to the banking industry's claims about "deposit outflows," this situation could lead to catastrophic consequences, and this logic "is like watching an arsonist threaten to burn down their own house."

According to South Korean media reports, the "Guidelines for Corporate Virtual Currency Trading" being developed by the Financial Services Commission of South Korea may exclude stablecoins from the permitted investment scope. The guidelines will outline the standards for listed companies and registered professional investment firms to trade digital assets for investment or financial purposes. To prevent blind investment in the early stages of the market, regulators have decided to exclude dollar-pegged stablecoins (such as Tether (USDT) and USD Coin (USDC)) when defining the scope of permitted investments.One reason for the exclusion of stablecoins is that the current South Korean Foreign Exchange Transaction Act does not recognize stablecoins as a means of payment for foreign transactions. Including stablecoins in the investment permission scope would contradict the existing legal framework, effectively allowing companies to use stablecoins for trade and other commercial purposes. Currently, the South Korean National Assembly is reviewing an amendment to the Foreign Exchange Transaction Act that aims to recognize stablecoins as a means of payment; this bill was proposed last October.

Cryptocurrency market analyst Axel posted that in the past 7 days, Bitcoin has seen a continuous net outflow from trading platforms, with a total of 47,700 coins for the week, marking a new high for weekly outflows in nearly a year. The daily net outflows of Bitcoin were: -2,867, -1,205, -251, -6,129, -1,819, -31,900, -3,478 coins. Among these, the significant anomaly on March 4th, with 31,900 coins, stands out; such a scale of daily outflow is usually related to large holders transferring to cold wallets, and it cannot be ruled out that some reflect internal transfers within custodial institutions. Continuous net outflows from trading platforms typically indicate a potential weakening of selling pressure in the spot market. If Bitcoin's net outflow continues in the next 3-5 days without a large-scale inflow, it can be confirmed as a "sustained accumulation" signal.Additionally, the annual stablecoin net flow chart shows that at the beginning of March, there was a significant net inflow of about 1.1 billion USD, but it quickly turned into a net outflow, with the current reading at -37.5 million USD. Axel stated that the key to interpreting the data lies in the correlation; the large inflow of stablecoins at the beginning of March and the Bitcoin outflow anomaly on March 4th form a complete operational closed loop, where funds entered the trading platform in the form of stablecoins, were exchanged for BTC, and then moved to on-chain storage. This is a typical characteristic of large spot purchasing behavior.

According to market news, Solana Treasury Company DeFi Development, listed on Nasdaq, announced plans to launch a dividend-bearing stablecoin after strategically investing in the stablecoin protocol development project Apyx, aiming to introduce transparent yields to the stablecoin market. It is reported that both parties also discussed token economics, valuation frameworks, development roadmaps, and how to utilize Digital Asset Treasury (DAT) dividend preferred shares.

According to The Block, the Florida legislature passed the SB 314 bill with a vote of 37 in favor and zero against, making it the first state in the U.S. to establish a state-level regulatory framework for stablecoins.The bill will align with the federal GENIUS Act standards, requiring stablecoin issuers to comply with anti-money laundering regulations, prohibiting unlicensed issuance, and clearly stating that stablecoins are not considered securities. The bill is expected to be signed into law by Governor Ron DeSantis within 30 days.

According to Jinshi, Federal Reserve's Harker stated that stablecoins could boost demand for the dollar.

According to Jin Ten, Federal Reserve official Collins stated that the Federal Reserve's interest rate target is expected to remain stable "for some time."

According to Jinshi reports, Federal Reserve official Daly stated that the current labor market is unstable, making it difficult to raise interest rates immediately.

Russian Ministry of Finance officials have stated that they are considering introducing a separate stablecoin bill, rather than incorporating stablecoins into the upcoming cryptocurrency exchange regulations. Alexey Yakovlev, head of the Financial Policy Department, stated that stablecoins have "huge, even extremely huge potential." Russia has viewed stablecoins as a potential tool to bypass sanctions.Yakovlev mentioned that after the State Duma passes a bill prohibiting citizens from trading cryptocurrencies on platforms without operating licenses, they will begin to advance stablecoin regulation. The cryptocurrency bill is expected to be submitted to the State Duma during the spring session, potentially coming into effect as early as July. Currently, stablecoins do not have a legal status under Russian law, and the Ministry of Finance has expressed a desire to resolve this issue as soon as possible. Yakovlev stated that the government aims to ensure that stablecoins "serve economic interests, especially domestic interests." Previously, the Central Bank of Russia established a category for "foreign digital rights," with the first approved stablecoin being the ruble-pegged A7A5 stablecoin, which was authorized for use in overseas trade last October.According to market news, the total value of issued stablecoins has increased by over 51% since the beginning of 2025, reaching $311 billion.

According to crypto journalist Eleanor Terrett, the progress of the U.S. cryptocurrency market structure bill mainly depends on Senator Thom Tillis's position. The White House has submitted the legislative text to Tillis's office, and both sides recently met to discuss what has been described as "moving in the right direction." The Digital Chamber CEO Cody Carbone expressed optimism about reaching a consensus on the stablecoin yield issue.Even if Democrats do not vote in favor, the bill could still pass the Banking Committee along party lines, but Tillis's vote is crucial. Industry insiders noted that the stablecoin yield issue has dominated discussions, causing other issues like decentralized finance to be sidelined. A crypto trading executive expressed "cautious optimism" about the Banking Committee rescheduling the review at the end of March.