ChainCatcher news, according to Cointelegraph, the Wyoming Stablecoin Committee announced plans to officially launch its official stablecoin WYST at the Wyoming Blockchain Symposium to be held in Jackson on August 20, 2025.

ChainCatcher news, according to the Seoul Economic Daily, South Korean payment giant Kakao Pay has officially launched its won stablecoin business. The company applied for 18 trademark rights to the Korean Patent Office on June 17, which combine the "KRW" (won symbol) with letters representing Kakao Pay, such as "K" and "P", including trademarks like "KRWKP", "KWRP", and "KPKRW". These trademarks are classified in areas such as virtual asset financial transactions, electronic transfers, and intermediary services.Kakao Pay stated that although "specific plans have not yet been determined," this is "a preliminary registration of trademark rights for the stablecoin business." Industry insiders believe that Kakao Pay's move is aimed at seizing market opportunities, especially in the context of the South Korean political arena proposing the "Basic Law on Digital Assets," which would allow private enterprises to issue won stablecoins.

ChainCatcher news, according to Jinshi reports, CITIC Securities pointed out that global stablecoin policies and the industry are continuously making efforts, and the industrial ecosystem continues to thrive. The development of cryptocurrencies and stablecoins in Hong Kong will significantly promote the internationalization of the RMB and cross-border payments, and it is recommended to pay attention to cross-border payment-related targets.

ChainCatcher news, according to Hong Kong media New Town Finance Channel, Hong Kong Legislative Council member Wu Jietzhuang expressed that there is a very large space for the development of stablecoins with the passage of the stablecoin regulatory framework to establish a licensing system for stablecoin issuers. He believes that stablecoins will become a combination of innovative finance and the real economy in the future, and there will be more value-added and entrepreneurial opportunities. However, regarding internet companies and financial institutions planning to issue stablecoins in Hong Kong, Wu Jietzhuang welcomed this but reminded retail investors not to be greedy, and to first understand the investment risks, maintaining a cautious attitude when making investments.

ChainCatcher news, after the GENIUS Act was passed in the U.S. Senate this week, stablecoins could become an important source of funding for the U.S. government, and may even serve as a new tool for U.S. Treasury Secretary Yellen to address the country's deficit. Yellen has previously praised the GENIUS Act and stated that a regulated and evolving stablecoin market could create new buyers for U.S. government debt, boosting private sector demand for U.S. Treasury bonds. In May, Yellen had indicated to the U.S. House Financial Services Committee that some speculate the stablecoin market's demand for U.S. government securities could reach as high as $2 trillion in the coming years.However, analysts believe that the stablecoin industry is unlikely to fully resolve the U.S. government's debt financing issues and may introduce additional risks, as the extra demand for stablecoins will take time to develop, while the U.S. Treasury needs to issue a large amount of debt securities within a year. If problems arise that prevent the Federal Reserve from lowering interest rates, the U.S. deficit could spiral out of control.

ChainCatcher News, U.S. Treasury Secretary Becerra stated on the X platform that cryptocurrencies do not pose a threat to the dollar. In fact, stablecoins can reinforce the dollar's dominant position. Digital assets are one of the most significant phenomena in today's world, and the U.S. is committed to becoming a center for digital asset innovation, with the GENIUS Act bringing this goal closer.Becerra previously pointed out that recent reports predict the stablecoin market could reach $3.7 trillion in the next decade. With the passage of the GENIUS Act, the outlook for the stablecoin market will be even brighter. The stablecoin ecosystem will drive private sector demand for U.S. Treasury bonds, which are the backbone of stablecoins. This new demand is expected to lower government borrowing costs, help control national debt, and potentially attract millions of new users globally to the dollar-based digital asset economy.

ChainCatcher message, James Wynn stated on his social platform: "I have closed my BTC long position and made a small profit. I plan to hold stablecoins for now and wait for the right time to enter a short position."James Wynn announced the opening of a Bitcoin long position at 2:30 AM this morning.

According to ChainCatcher news, the Hong Kong government press release states that the Financial Secretary of Hong Kong, Paul Chan, said today at an event: "As of the end of March this year, the number of registered funds in Hong Kong reached 976, with a net inflow of over 44 billion USD recorded year-on-year, an increase of 285%. Family offices are expected to increase from 2,700 to 3,000 soon, and Hong Kong will become the world's leading cross-border asset management center within two to three years.In terms of financial innovation, there has been a strong market interest in digital assets recently, particularly the issuance of stablecoins, which has sparked heated discussions. The legislative work on stablecoins has made Hong Kong one of the first jurisdictions in the world to establish a regulatory framework for stablecoins. We embrace the development of digital assets and have accelerated the improvement of the relevant legal regulatory framework in recent years, such as the licensing system for virtual asset trading platforms, having issued 10 licenses and currently reviewing another eight applications."

ChainCatcher News, Li Yang, a member of the Chinese Academy of Social Sciences and chairman of the National Finance and Development Laboratory, stated that the U.S. push for stablecoin legislation aims to strengthen the dollar's position, promote payment modernization, and create new demand for U.S. Treasury bonds. Stablecoins are essentially an extension of the dollar on the blockchain.In the face of this trend, China should firmly promote the internationalization of the renminbi and align with the integration of stablecoins and traditional finance, fostering the complementary development of renminbi stablecoins and central bank digital currencies. Li Yang suggested fully leveraging Hong Kong's advantages to develop offshore renminbi stablecoins and build controllable international payment channels.

ChainCatcher message, CICC published an article titled "The Potential Impact of Stablecoins on the Financial System," which points out: From the perspective of money creation, the lending activities within the decentralized financial system achieve the function of "quasi-money" creation, especially through stablecoins purchasing tokenized stock assets, which allows funds to flow directly in/out of the stock market; from the perspective of market sentiment, the price volatility of cryptocurrencies significantly affects stock market expectations, and historically, there has been a certain correlation between the Nasdaq index and Bitcoin prices; in the stock market, crypto assets and stablecoin-related targets, such as cryptocurrency exchanges and financial institutions, influence stock prices through changes in fundamentals.For the Hong Kong dollar, regulating the issuance of stablecoins, particularly Hong Kong dollar stablecoins, helps enhance the influence of the Hong Kong dollar in cross-border payments and crypto assets, strengthens the international competitiveness of Hong Kong's financial industry and the Hong Kong dollar, and consolidates Hong Kong's status as an international financial center.

ChainCatcher news, HashKey Group Chairman Xiao Feng recently accepted an interview with the 21st Century Business Herald. Xiao Feng believes that stablecoins can enhance the accessibility of financial services in underdeveloped regions. This is also the reason why Africa has the largest user base of USD stablecoins.In the field of cross-border payments, the traditional "bank + Swift" method may face challenges from stablecoins. Xiao Feng believes they should explore new roles and service methods.In addition, regarding the central bank's recent mention of stablecoins, Xiao Feng considers this a positive signal and suggests a step-by-step, tiered, and regional approach to gradually promote relevant pilots, with Hong Kong serving as a testing ground for offshore markets.

ChainCatcher News, the Wyoming Stable Token Commission announced that Aptos tied for first place with Solana in the evaluation of the WYST blockchain platform, a stablecoin issued by the state government of the United States and backed by fiat currency. WYST will achieve cross-chain deployment through LayerZero, building a new type of financial infrastructure for multi-chain interoperability.Aptos natively supports three USD stablecoins, with an average monthly trading volume exceeding $30 billion, featuring sub-second finality and an almost zero-cost (approximately $0.00055) trading experience.

ChainCatcher news, the Secretary for Financial Services and the Treasury of the Hong Kong Special Administrative Region, Xu Zhengyu, stated in an interview at the Lujiazui Forum that the use of stablecoins is aimed at returning to the essence of finance, effectively addressing pain points in economic activities, rather than merely pursuing technological applications or simply achieving interconnectivity. The regulation of stablecoin issuance is similar to the regulation of similar financial institutions, specifically:The issuer itself needs to have capital;After exchanging money with stablecoin holders, the reserves must at all times not be less than the value of the underlying currency of the unredeemed stablecoins;If stablecoin holders wish to exchange for the local currency with the issuer, it must be completed within one trading day, one business day, or one working day.