Settlement

Report: Over 90% of financial institutions are布局 stablecoins, banks focus on accelerating cross-border payments and settlements

ChainCatcher news, according to a report by Cointelegraph, the survey report released by the digital asset platform Fireblocks on May 15 shows that among 295 traditional banks, financial institutions, and payment gateways, 90% of the institutions have either actually applied or plan to deploy stablecoins, with only 10% taking a wait-and-see attitude. Among them, 49% of respondents have used it for payment scenarios, 23% are in the pilot stage, and 18% are in the planning phase.Traditional banks view stablecoins as strategic tools for cross-border payments, with 58% of banks using them for cross-border remittances and 28% for receiving payments. Additionally, 12% of banks use them for liquidity management, and 9% for merchant settlements and B2B invoice processing. The report points out that stablecoins, with their characteristics linked to fiat currencies, can be seamlessly integrated into existing fund management systems, helping banks reduce capital lock-up risks and fend off competition from fintech companies.In terms of application advantages, 48% of institutions list "improved settlement speed" as the primary benefit, followed by enhanced transparency (37%), optimized liquidity management (29%), integrated payment processes (25%), and improved security (18%). Only 12% of institutions believe that "reduced transaction costs" is the main driving force.Fireblocks emphasizes that stablecoins are becoming a key pathway for the modernization transformation of the traditional financial system. As customer demand grows and use cases mature, institutions need to accelerate their layout to avoid technological obsolescence, especially in the field of cross-border payments by rebuilding efficiency barriers through stablecoins.

The Bank for International Settlements and the New York Federal Reserve have launched Project Pine to test smart contract tools, exploring the application of tokenized monetary policy

ChainCatcher news, according to Cointelegraph, the Bank for International Settlements (BIS) has partnered with the Innovation Center of the Federal Reserve Bank of New York to conduct research testing a tokenized monetary policy toolkit based on smart contracts. This experiment, named Project Pine, aims to explore how blockchain technology can help central banks achieve rapid policy responses in future tokenized financial systems.According to a report released by the BIS on May 15, the research team developed a prototype of a "universal customizable tokenized monetary policy toolkit" and validated its flexibility in hypothetical scenarios. The results showed that central banks could instantly adjust policy tool parameters, such as collateral standards and interest rates, and complete the substitution of liquidity collateral and non-liquid collateral within 10 minutes.The BIS emphasized that if currency and securities tokenization are widely adopted, smart contracts will become the core technology for implementing monetary policy. This framework allows central banks to "instantly" deploy new facilities, such as adjusting reserve interest rates or providing liquidity support, enabling rapid responses to crises like declines in collateral value. The report stated that this speed and flexibility provide central banks with new ideas for addressing "emergencies and rapidly evolving risks."However, the report also pointed out the limitations of the current financial infrastructure. Most traditional systems are not yet compatible with advanced use cases like smart contracts, and central banks may face challenges in advancing technological integration. The testing of Project Pine used the Ethereum ERC-20 token standard and combined it with another "access control" standard to ensure compliance.In recent years, financial institutions have accelerated their layout of tokenization technology. At the Consensus 2025 conference, Joseph Spiro, Director of Digital Asset Products at the Depository Trust & Clearing Corporation (DTCC), stated that stablecoins are an "ideal" tool for real-time collateral management in transactions such as loans or derivatives. This collaboration between the BIS and central banks further confirms the trend of exploration of blockchain technology in the traditional financial sector.

HabitTrade Securities supports USDT settlement and two-way staking, enabling instant access to investments in both cryptocurrency and traditional financial markets

ChainCatcher news, HabitTrade is a one-stop global asset trading platform dedicated to enhancing asset utilization efficiency and breaking down investment barriers between the crypto and traditional financial markets. The platform allows users to settle in USDT or release purchasing power through bi-directional staking of stocks and cryptocurrencies, covering a variety of products including US stocks, Hong Kong stocks, ETFs, options, money market funds, and cryptocurrencies. Users can directly deposit mainstream crypto assets such as USDT, BTC, and ETH without the need for conversion, entering the global asset trading scene in 0 seconds, truly realizing "assets as trading power."It is reported that the platform is also actively exploring partnerships with institutions, hoping to serve as a supplement to their trading categories and resource channels, providing Web3 users with a more convenient and efficient investment experience, unlocking the potential for cross-market operations.In addition, HabitTrade has launched a limited-time trading event: users who complete a specified number of trading days can unlock the highest "lifetime commission-free" privilege; users who meet the deposit requirements and maintain the corresponding asset levels during the event period also have the chance to receive additional stock rewards of up to $1,000.

Golden Goose V3 is officially launched, leveraging Cycle Network's multi-chain settlement to achieve a new experience of self-custody one-click full-chain investment

ChainCatcher news, the chain abstraction DeFAI project Golden Goose announces the official launch of its V3 version. Users only need to hold stablecoins to invest in the full-chain yield protocols on the Goose platform with one click, without the need to switch networks, prepare native Gas, or use cross-chain bridges; the underlying strategy integration, inter-chain asset flow, and rebalancing are automatically settled by Cycle Network, allowing users to truly experience "No Chains Anymore."Currently, Goose has integrated multiple high-yield protocols from the Berachain ecosystem, with the highest annualized yield reaching 39.2%; in the future, it will continue to integrate key ecological yield strategies from BNB, Sonic Labs, HyperChain, Monad, and others, continuously expanding the coverage of on-chain investments and comprehensively enhancing users' on-chain yields.The Golden Goose team stated: "What we are building is not an ordinary yield platform, but a crypto yield entry point that allows Web2 users to use it with zero barriers. Currently, nearly 300,000 TikTok users are enjoying on-chain yields through Goose. By solving the multi-chain asset interaction and settlement issues with Cycle Network, and combining DeFAI's smart yield strategy engine, the team will continue to provide smarter aggregated yield solutions to serve global users."
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