stablecoin

Dan Tapiero, founder and CEO of 50T Funds, stated that the core assets in the digital asset space have entered a new bull market phase. He pointed out that the real revenue growth within the industry comes from stablecoins, tokenization, and companies like Kraken, Ledger, and Polymarket, which form the underlying fundamentals supporting the current market.Tapiero mentioned that Hyperliquid has been leading this bull market. Regarding investment choices, he revealed that he had previously opted not to invest in FTX, Celsius, and BlockFi due to valuation issues; he is currently raising $500 million for the 50T Fund and has invested $42 million in MoonPay. On a macro level, he is focused on themes such as Japan's 30-year government bonds and believes that in currency devaluation trades, Bitcoin and gold will hold an advantage in the long term.

Former White House economic advisor and founder of Geopolitica Institute Pippa Malmgren stated in an interview published by Bitcoin Magazine that the core of the security agreement between the United States and Greenland is not the ice sheet or minerals, but the space race. She pointed out that missile tracking and satellite ground stations give the Arctic region critical strategic value and believes that Diego Garcia and the Chagos Islands will be the next focal points.Malmgren then linked geopolitics to the market, discussing U.S. debt, China's selling of U.S. Treasury bonds, and the future of Bitcoin. She mentioned that the U.S. debt-to-GDP ratio has reached 100% and analyzed the government's plan to escape debt through growth, as well as the reasons behind China's reduction of U.S. Treasury holdings.She also discussed the nationalization of cutting-edge AI laboratories and AI security, the evolution of currency from fiat to digital currency, the application of stablecoins and Bitcoin in AI agent scenarios, and topics such as Austin becoming the "new Shenzhen."

According to Gate Europe CEO Dr. Giovanni Cunti's latest LinkedIn post, global business relies on efficient cross-border capital flows, but traditional international payments still face challenges such as multiple intermediaries, currency exchange, and limited operational efficiency.Dr. Giovanni Cunti emphasized, "Digital assets are opening up new possibilities for businesses in cross-market payments and value flows." He pointed out that stablecoins and blockchain-based payment networks can provide faster settlement speeds, higher transparency, and more flexible cross-border transaction capabilities. Beyond everyday payments, their application scenarios are rapidly expanding to areas such as vendor settlements, multinational payroll distribution, treasury management, and global value transfer.As this ecosystem continues to grow, a clear and defined regulatory framework is crucial. Europe is leading this transformation through MiCA (Markets in Crypto-Assets Regulation), which provides a unified standard for crypto asset services across the EU region. Dr. Giovanni Cunti further noted that in the long run, the value of digital assets will transcend asset trading itself, further deeply integrating into the real economy and the daily operations of global enterprises. Relying on the compliance foundation of the MiCA and Payment Institution (PI) dual licensing system, Gate Europe is deeply integrating digital asset services with traditional payment capabilities, continuously exploring a new paradigm of a highly efficient and closely connected global economy empowered by digital assets.

According to Bloomberg, Morgan Stanley has established a digital asset lab to test technologies such as stablecoins, tokenization, and decentralized finance (DeFi) applications. The Wall Street bank is exploring how blockchain-based systems can be applied to its various businesses.Megan Brewer, head of market innovation and labs at Morgan Stanley, stated in an interview that the initiative is part of the company's existing innovation lab network. This network provides employees with dedicated facilities to explore emerging technologies while avoiding risks to the bank's core systems.

The Salvadoran government is collaborating with Modveon to develop a government-supported application called Sivar, allowing the public to send, receive, and hold dollar-pegged stablecoins through Coinbase's Base network, and supporting remittances. The application will verify user identities through government-issued identification.

The Financial Services Agency of Japan announced that its fintech proof-of-concept center's "Payment Enhancement Project" will support the fourth case, with applicants including TradeWaltz, NTT DATA, Mizuho Bank, Mitsubishi UFJ Bank, Sumitomo Mitsui Banking Corporation, and Mitsubishi UFJ Trust and Banking Corporation.This proof-of-concept program will commence in September 2026, verifying the practical responses to the use of stablecoins in trade transaction fund settlements and addressing related legal issues. After the experiment concludes, the Financial Services Agency of Japan will publish results and conclusions on topics such as compliance and regulatory responses, as well as interpretations of laws providing services to general users on its official website.

Martin Carrica posted on X that after four years of working on regulated stablecoin-related projects with the stablecoin issuer Mountain Protocol and the licensed crypto institution Anchorage, he will join Coinbase as the head of stablecoins, responsible for expanding the distribution and influence of stablecoins.Martin Carrica stated: Stablecoins are the most transformative financial product, and although they have achieved significant success, their current scale is still relatively small. He will focus on promoting the scalable development of this technology.

Verona announced the launch of verUSD on X, positioning it as the first stablecoin aimed at AI agents. The project claims that verUSD has secured over $100 million in institutional launch commitments.Participating institutions include Animoca Ventures, Figment Capital, Sfermion, Pentos Ventures, ArkStream, and others. Verona is a company providing on-chain payment and settlement infrastructure for AI agents, and verUSD is intended to serve as a stablecoin tool for value transfer and settlement between AI agents.

Circle has partnered with payment technology company Volante Technologies to integrate USDC-related workflows into Volante's existing payment platform. Financial institutions can incorporate stablecoin payments and settlements into their existing systems without having to build a separate digital asset technology stack.Volante's clients include four of the top five corporate banks globally and seven of the top ten banks in the United States. These institutions will be able to evaluate processes such as USDC minting, redemption, wallet registration, fund injection, and inter-wallet payments, and use them in parallel with existing payment rails.

According to Bitcoin Magazine, Bitcoin software provider Breez announced that applications built on its Breez SDK now support users receiving stablecoin payments from over 30 networks using their Bitcoin balance.Breez stated that after the recipient selects the network and amount of the payer, the SDK generates a deposit address and displays the amount received, while the payer pays from their wallet as usual; Flashnet completes the exchange in the background, and the funds ultimately enter the recipient's non-custodial wallet in the form of Bitcoin, or in the form of USD if the stable balance feature is used.In June of this year, Breez launched the ability to send USDT/USDC, allowing a single Breez-powered balance to transfer stablecoins bi-directionally across almost all networks. This update is the latest in a series of usability upgrades, following the rollout of features such as Passkey login, Cash App instant account opening, and stable balance. Breez also launched a reference application called Glow in August to showcase the capabilities of the SDK.The Breez SDK is a developer toolkit that allows applications to add Bitcoin payments without having to build their own payment infrastructure, covering wallet creation, sending and receiving, and Lightning Network payments. Developers can provide Bitcoin functionality with minimal code, without needing to run nodes or manage liquidity.In July of this year, Breez announced a partnership with Turnkey, allowing developers to add non-custodial Bitcoin support to wallet applications running on their own servers.

According to The Wall Street Journal, Citigroup has reached a partnership with Coinbase, allowing Citigroup's institutional clients (including large multinational corporations) to accept customer stablecoin payments through Citigroup's merchant acquiring services. Coinbase will provide the stablecoin payment channel and underlying blockchain technology, automatically converting stablecoins into fiat currency, with Citigroup acting as the custodian bank to complete the funds settlement.At the same time, Coinbase's payment clients can leverage Citigroup's banking capabilities to receive, hold, and make payments using tools similar to bank accounts. The cash received will automatically be converted into stablecoins and stored in Coinbase, currently earning an annualized reward of 3.75% in interest-like benefits.

According to CoinDesk, the stablecoin payment company RedotPay, headquartered in Hong Kong, announced on Monday that it has completed financial audits and compliance reviews for anti-money laundering and counter-terrorism financing, both of which were conducted by one of the Big Four accounting firms. This move is a necessary preparatory step for applying for an initial public offering (IPO) in the United States.

Stablecoin issuer Circle is hiring a "Senior Director, Ecosystem Growth, South Korea" in South Korea, responsible for developing market entry strategies, tracking regulatory dynamics, and establishing partnerships within the domestic financial and digital asset industry.The position requires candidates to have over 13 years of business development experience, familiarity with stablecoins, DeFi, and institutional financial liquidity, and fluency in both Korean and English. Circle previously stated that its strategy in South Korea is not to directly issue a Korean won stablecoin, but to collaborate with local Korean won stablecoin issuers to provide infrastructure connecting to the US dollar stablecoin.

Recently, there has been a significant price deviation of fiat currency-pegged stablecoins in South Korean virtual asset exchanges. The Japanese yen stablecoin JPYC surged to four times its benchmark price after its listing, the euro stablecoin EURC skyrocketed over 400% in a single day on Bithumb, and the US dollar stablecoin PYUSD also showed a noticeable premium.Analysis suggests that the aforementioned fluctuations are due to insufficient circulation in the early listing phase combined with concentrated buying, unrelated to the issuer's asset preparation. Industry experts point out that relying solely on reserves cannot prevent price distortions in the secondary market, calling for the establishment of initial circulation guarantees, market maker (MM) and liquidity provider (LP) mechanisms during the design phase of the original Korean won stablecoin system, as well as the introduction of measures such as public disclosure of price deviation rates and restrictions on market orders.

According to informed sources, the Trump administration is considering launching an overseas stablecoin program, which may take the form of a joint venture with private enterprises. The Department of the Treasury, the State Department, and the U.S. International Development Finance Corporation (DFC) may all participate to expand the use of the U.S. dollar and support demand for U.S. Treasury bonds.Tether's latest reserve report shows that as of June 30, it directly holds $11.496 billion in U.S. Treasury bonds, with total reserve assets of $18.775 billion, exceeding liabilities by $4.11 billion. The plan has not yet established a partnership with Tether and has not yet become an officially operational project.

According to Cointelegraph, the Federal Reserve recently solicited public comments on two regulatory proposals for the issuance of payment stablecoins under the "Genius Act."The new regulations aim to establish a framework for the issuance of regulated stablecoins through full reserve asset requirements and approval processes.