fiat

Nhà văn, tác giả của "The Price of Tomorrow" Jeff Booth trong video phỏng vấn của Bitcoin Magazine cho biết, mục tiêu giá 1 triệu đô la cho Bitcoin "là quá nhỏ". Ông cho rằng, việc định giá Bitcoin bằng tiền pháp định đang mất giá là tương đương với việc định giá nó trong một hệ thống bị thao túng bởi sự mất giá của tiền tệ, vì vậy mục tiêu như vậy không có giá trị. Theo ông, Bitcoin không chỉ là một đồng tiền hoặc một tài sản, mà là khởi đầu của một bộ giao thức phi tập trung, an toàn và chú trọng đến quyền riêng tư, hình thức của nó cuối cùng sẽ tương tự như Internet, đồng thời cũng là thị trường tự do thực sự đầu tiên trong lịch sử nhân loại.Booth trong cuộc phỏng vấn cũng đã thảo luận về định giá AI và công nghệ giảm phát. Ông cho rằng, thị trường tự do sẽ thúc đẩy giá dịch vụ AI có xu hướng tiến gần đến không, trong khi sức mạnh giảm phát do AI mang lại sẽ xung đột với hệ thống tiền tệ dựa trên nợ. Ông đề cập đến khoản nợ lên đến 40 ngàn tỷ đô la của Mỹ, lợi suất trái phiếu, cũng như hệ thống tài chính có quy mô khoảng 350 ngàn tỷ đô la, thực chất đã không còn khả năng chi trả, và liên kết lý thuyết điểm kỳ diệu của AI, tâm lý sợ hãi trên thị trường với sự quản lý độc quyền.Trong phần dài hạn hơn, Booth đã nói về thời gian áp dụng Bitcoin và nhấn mạnh rằng Bitcoin không chỉ là một tài sản. Ông cũng đã thảo luận về sự mở rộng của thanh toán Bitcoin và kinh tế tuần hoàn trên toàn cầu, cũng như các ý tưởng về vốn tư nhân dựa trên Bitcoin, doanh nghiệp nắm giữ vĩnh viễn, phác thảo một tương lai giảm phát được định giá bằng Bitcoin.

According to Finance Feeds, payment giant Mastercard has partnered with the decentralized oracle protocol Chainlink to establish a direct fiat-to-cryptocurrency gateway for its global users.This collaboration allows Mastercard cardholders to bypass centralized exchanges and directly acquire digital assets within on-chain smart contracts. The initial card transaction layer is handled by Shift4 Payments, while Zero Hash is responsible for compliance tracking, custody routing, and instant settlement from fiat to cryptocurrency. Ultimately, the funds are pushed to a public distributed ledger through Chainlink's infrastructure and integrated into the Swapper Finance platform, which utilizes XSwap to obtain liquidity from decentralized exchanges like Uniswap.This integration compresses card processing, regulatory review, cross-chain messaging, and AMM Swap into a single continuous transaction.

Coinbase announced a partnership with Standard Chartered Bank to expand global multi-currency funding channels through Coinbase Prime, supporting Australian dollars, Singapore dollars, Canadian dollars, Swiss francs, euros, and British pounds.Coinbase stated that this move will enhance capital efficiency, reduce foreign exchange friction, and enable institutional clients to seamlessly conduct global market operations on the same platform through Coinbase Prime.

Vitalik revealed in a post on X this morning that nearly 90% of his net worth is in ETH, with the remaining majority being about 40 million dollars in on-chain fiat, each dollar of which has already been allocated to certain open-source biotechnology, software, or hardware projects.

Binance Research released a report stating that cryptocurrencies are not a haven for illegal finance. In 2025, approximately 11% of illegal cryptocurrency transaction volume was seized, which is about 55 times the recovery rate of fiat currency. This data comes from public reports by organizations such as Tether, Interpol, and T3 Financial Crime Unit, rather than estimates from a single entity.For reference, the United Nations Office on Drugs and Crime (UNODC) estimates that less than 1% of illegal fiat currency transaction volume is seized globally each year. Even excluding the Prince Group case (involving approximately $15 billion in Bitcoin), the remaining cryptocurrency seizures in 2025 are still about 10 times that of the traditional financial system. Additionally, SlowMist and PeckShield tracked that the proportion of stolen funds recovered or frozen in 2025 was between 8.3% and 13.2%. This reflects the rapid event response and close coordination among exchanges, issuers, and law enforcement agencies.The report concludes that cryptocurrency crime has not been resolved. However, the view that cryptocurrencies are particularly prone to fostering illegal activities is gradually being misunderstood.

Gate officially launches a localized fiat recharge channel for certain countries in the CIS, further strengthening its service capabilities in the regional market. This initiative aims to meet the growing demand for cryptocurrency purchases locally, with the current daily trading volume in the region at approximately $650 million and an active user base reaching millions, significantly increasing the demand for convenient, secure, and compliant recharge methods.The localized recharge channel launched by Gate allows users to use local currency and directly purchase mainstream cryptocurrency assets through familiar payment methods, effectively lowering the barriers to cross-border transactions. In terms of functionality, the platform supports real-time bank transfers, bank cards, and other mainstream local payment channels, effectively avoiding the high fees and delays associated with traditional cross-border transfers, enabling users to complete fund entry at a lower cost.At the same time, this channel provides complete localized support, including interface, customer service, and documentation in the local language, and supports selected mainstream cryptocurrency asset trading, achieving an efficient connection from fiat recharge to asset allocation, further promoting the popularization and development of the regional cryptocurrency market.In the future, Gate will continue to integrate payment infrastructure, enhancing transaction efficiency while improving the stability and reliability of fund circulation, further optimizing the user experience.

According to The Block, B2B stablecoin technology provider Infinite has launched Infinite Accounts, offering banking account services for businesses that support deposits, withdrawals, ACH, domestic and international wire transfers, as well as stablecoin minting, burning, and on-chain transfers, all accessible through a single API.This service is supported by traditional banking infrastructure from Erebor Bank, which has recently received its license. Infinite states that the fiat currency balance in the accounts may be eligible for FDIC insurance, while the stablecoin balance is not. This move comes at a time when institutional adoption of stablecoins is continuing to heat up.

The Web3 asset data platform RootData has outlined the Web3 business partners of Zero Hash, whose partners cover key areas such as asset management institutions, payment channels, public chain infrastructure, and stablecoin systems, and are building a cooperative network centered on **compliance clearing** and **asset access**. Structurally, Zero Hash is committed to becoming a B-end crypto financial infrastructure provider, offering institutions a one-stop capability of "**fiat currency → crypto assets → multi-chain circulation → stablecoin settlement**": Upstream, it connects asset management and financial platforms such as Morgan Stanley, Franklin Templeton, and Republic; on the funding entry side, it interfaces with payment and fiat channels like Stripe, Ramp, and Transak; at the infrastructure level, it covers multi-chain infrastructures such as Ethereum, Solana, Polygon, Avalanche, and Aptos; at the same time, it connects with stablecoin systems like Circle, Tether, Paxos, as well as PYUSD and RLUSD, completing clearing and settlement support. In addition, Zero Hash, as one of the few infrastructure providers holding money transmission licenses (MTL) in multiple U.S. states and possessing complete regulatory framework adaptation capabilities, has a very clear common characteristic among its partners: funding entry (banks/payments), asset carriers (stablecoins/public chains), or distribution platforms (financial products/applications). Related collection 【[Zero Hash Web3 Partner Network Collection (Continuously Updated)](https://cn.rootdata.com/Archives/detail/zerohash%20Crypto%20Business%20Partner?k=NDc1NzIy)】 Crypto projects actively showcasing their partner networks has become a key way to enhance transparency and market trust. It is reported that RootData welcomes Web3 project parties to [claim data](https://www.rootdata.com/Projects/submit?ft=claimApply) and continues to track and open more project business relationship disclosure channels. The platform has continuously released multiple versions of the crypto project ecosystem map, nominating Web3 ecological partners for upstream clients such as Visa, Mastercard, and Coinbase. **If you wish to nominate your project in future ecosystem maps, please fill out the 【[RootData 2026 Industry Ecosystem Mapping](https://forms.gle/tWArmXcpSfZJkh1r8)】 form to supplement your important clients and partners.**

At the "Crypto 2026: From Cryptocurrency to Smart Economy" forum held in Hong Kong, Arda Senoz, the head of the Alchemy Pay ecosystem, delivered a keynote speech titled "Bridging the Fiat and Crypto Global Economies."Arda Senoz highlighted the recently launched Alchemy Chain, whose core value lies in connecting the settlement links between wallets, merchants, and payment partners. The ACH token serves three main functions on the chain: covering Gas fees, incentives, and governance. According to the technical roadmap, the core payment and ACH fee settlement will be implemented in Q4 2025, liquidity and interoperability will be advanced in Q1 2026, and the issuance of the Alchemy Chain stablecoin and the establishment of payment channels are planned for Q2 2026.Arda emphasized that Alchemy Pay always adheres to a compliant and secure product approach, promoting the mainstream adoption of digital assets through innovative solutions such as RWA integration, truly achieving a seamless connection between fiat currency and the crypto economy.

According to The Block, SoFi has officially launched a banking platform for enterprises called "Big Business Banking," which supports companies in managing fiat and crypto assets within a single regulated system.The platform operates under SoFi's national bank charter, providing 24/7 payment and liquidity management services, supporting API-driven payments for fiat, SoFiUSD stablecoin, and specific cryptocurrencies, and includes tools for converting between fiat and digital assets, including the minting and burning functions of SoFiUSD.The first batch of partner institutions includes Cumberland, Bullish, BitGo, B2C2, Fireblocks, Wintermute, Galaxy, and Jupiter, with the underlying infrastructure built on Solana and other blockchain networks.

Investment bank Mizuho stated that after acquiring the stablecoin infrastructure company BVNK, Mastercard is expected to become a "network connector" linking crypto assets with fiat currency systems, further expanding its payment ecosystem.Analysis indicates that stablecoins will not undermine Mastercard's core card payment business; instead, they will serve as an "accelerator" for its network, particularly in areas such as B2B cross-border payments, remittances, and the creator and gig economy, facilitating faster, lower-cost, 24/7 capital flow. Mizuho maintains an "outperform" rating on Mastercard and sets a target price of $666.Analysts believe that in the aforementioned emerging scenarios, the penetration rate of traditional bank cards remains relatively low, and stablecoins are expected to fill this gap, while card payments will continue to serve as the core entry point for consumers. It is reported that Mastercard has agreed to acquire BVNK for up to $1.8 billion. This transaction is seen as an important step in continuing its role as a "network connector," expanding its business into the conversion and settlement between stablecoins and fiat currencies.Against the backdrop of a gradually loosening regulatory environment and traditional payment giants like Visa and Stripe accelerating their layout in stablecoins, stablecoins are becoming an important growth direction for the global payment system.

In the past week, global markets have been dominated by energy price shocks and geopolitical risks. The escalation of the situation in the Middle East has pushed international oil prices upward, with WTI crude oil seeing a weekly increase of over 25%.Affected by macro risk sentiment, BTC, ETH, and U.S. stocks have all retreated. On-chain data shows that DEX trading volumes remain high overall, with the total market cap of stablecoins rising to approximately $330 billion, and USDC becoming the main source of growth. In the derivatives market, the perpetual funding rate for BTC continues to be negative, and implied volatility for options has risen above 60%, indicating that the market remains cautious about tail risks.On the institutional side, as the linkage between traditional finance and the crypto market strengthens, institutional infrastructure continues to improve. Gate has recently launched a TradFi API, providing a more efficient execution environment for quantitative teams, institutional traders, and professional investors. Additionally, Gate has reached a strategic partnership with Bank Frick to integrate its xPULSE payment infrastructure, offering multi-currency fiat deposit and withdrawal channels for institutional clients. With the ongoing enhancement of trading and funding channel infrastructure, Gate is accelerating the construction of a comprehensive service system aimed at institutional clients.

SolanaFloor posted on the X platform that Avici has launched a virtual account naming feature on Solana, providing users with personal accounts and International Bank Account Numbers (IBAN) for receiving fiat currency. The funds sent will be automatically converted into stablecoins and credited to the user's self-custody wallet.

According to Finbold, Everstake has partnered with Cometh to integrate Everstake's institutional-grade staking infrastructure into Cometh's custody ecosystem. This will allow customers to deposit fiat directly from their bank accounts and convert it into eligible crypto assets for staking, earning rewards that can be settled back into fiat.The report states that this collaboration comes at a time when institutional interest in staking has reached an all-time high. Data shows that the proportion of institutions participating in staking has surged from 31% in 2024 to 44% in 2025, with the total locked value on EU cryptocurrency platforms growing by 28% in just the first quarter. Currently, over 150 cryptocurrency companies hold MiCA licenses.

Chainalysis pointed out in the "2025 Cryptocurrency Adoption Index Report" that from July 2024 to June 2025, Bitcoin will attract over $1.2 trillion in fiat funds, firmly establishing itself as the preferred asset for fiat entry into the cryptocurrency market.Ethereum attracted approximately $724 billion during the same period, while Layer 1 public chain tokens and stablecoins ranked third and fourth with $564 billion and $497 billion, respectively.

Coinbase has reopened registration for Indian users, after having suspended the service for over two years. Indian users can now conduct crypto-to-crypto trading within the app. John O'Loghlen, Coinbase's Asia Pacific head, stated at India Blockchain Week that the company plans to launch fiat deposit channels by 2026, at which point users will be able to directly deposit and purchase crypto assets.Coinbase entered the Indian market in 2022 but suspended support for the Unified Payments Interface (UPI) just days after launch, as the UPI operator NPCI did not confirm Coinbase's local operations. Subsequently, the company ceased services for Indian users in 2023 and requested users to liquidate their accounts. O'Loghlen mentioned that the company's decision to fully exit was to restart operations within a compliant framework. This year, Coinbase has communicated with the Indian Financial Intelligence Unit (FIU) and completed registration, re-listing the app in October through an "early access" program, which is now open to all users.Despite India being the second-largest internet market in the world, strict crypto regulations and tax policies pose challenges to industry development. The Indian government imposes a 30% tax rate on crypto income with no allowance for loss offsets, and a 1% tax deduction on every transaction. Coinbase expressed hope for future policy relaxations. Despite the stringent regulations, Coinbase remains optimistic about the Indian market, with its investment arm recently increasing its investment in the local exchange CoinDCX (post-money valuation of $2.45 billion) and planning to expand its team of over 500 people in India. O'Loghlen stated that Coinbase aims to be a trusted platform for users, providing a safe and convenient trading experience in the Indian market.

According to official news, Ripple announced that its USD-backed stablecoin Ripple USD (RLUSD) has been recognized by the Abu Dhabi Financial Services Regulatory Authority (FSRA) as an "approved fiat-pegged token," which can be used within the Abu Dhabi Global Market (ADGM), the international financial center in the capital of the United Arab Emirates (UAE).

CoinW today announced a further deepening of its strategic cooperation with global fintech payment service provider Unlimit to enhance the platform's global fiat deposit capabilities and underlying payment infrastructure.Since establishing their partnership this year, both parties have been continuously advancing the technical integration and compliance expansion of payment channels. This upgrade will enable CoinW's Quick Buy feature to fully integrate with Unlimit's card payment capabilities, providing global users with a more stable, secure, and widely covered fiat deposit experience.Founded in 2009, Unlimit boasts an industry-leading proprietary payment network, integrating over 1,000 payment methods and serving multiple locations worldwide.CoinW stated that this deepened cooperation will further enhance the platform's payment coverage and reliability in key markets such as Europe and Latin America, improve its global and compliant deposit system, and promote a deeper connection between crypto assets and traditional finance.This article does not constitute any investment, trading, or purchasing advice. The risks of investing in digital assets are high, and users should participate cautiously based on their own circumstances and comply with the laws and regulations of their jurisdiction.