# Settlement Related Articles

HTX News Center provides the latest articles and in-depth analysis on "Settlement", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

Stables Partners With Mansa to Fix Asia’s Stablecoin Liquidity Gap

Stables, an API-first infrastructure platform, has partnered with settlement infrastructure provider Mansa to address the severe lack of stablecoin connectivity across Asia. Despite the region accounting for 60% of global stablecoin movements, only 1% of local banks support the technology, creating a significant infrastructure gap. The collaboration establishes a dedicated liquidity layer for Stables’ fiat-to-USDT corridor network, enabling fintechs and developers to settle large transactions efficiently and bypass fragmented banking systems. Mansa, which has processed $394 million across over 40 currency corridors since August 2024, will provide the necessary short-term liquidity to ensure stability during volatile periods. Stables’ CEO highlighted that the partnership supplies the deep liquidity required to make USDT a functional tool for large-scale cross-border commerce. The company, which handles over $1.5 billion in annual payment volume, is licensed in Australia, Europe, and Canada, and manages a full-stack compliance solution. This partnership reinforces Stables' role as a key orchestration layer in Asia’s USDT ecosystem.

TheNewsCrypto04/15 17:57

Stables Partners With Mansa to Fix Asia’s Stablecoin Liquidity Gap

TheNewsCrypto04/15 17:57

Ethereum Sees Spike In Daily Transactions While Price Momentum Gradually Fades

Ethereum's daily transactions have reached a record high of over 3.6 million, marking the strongest on-chain activity in the network's history, despite ETH's price volatility and a 55% drop from its all-time high. This divergence between robust network engagement and struggling price action suggests underlying fundamental strength that may not yet be reflected in valuation. Reports indicate Ethereum is thriving as a settlement layer for on-chain finance, with stablecoin supply hitting a new all-time high of over $180 billion—a 150% increase in three years. Ethereum currently holds a 60% market share in stablecoins, with projections suggesting it could secure nearly $850 billion in new stablecoin supply by 2030.

bitcoinist04/14 21:51

Ethereum Sees Spike In Daily Transactions While Price Momentum Gradually Fades

bitcoinist04/14 21:51

Why Does the Automated Market Maker (AMM) Mechanism Fail in the Prediction Market Field?

The article explores why Automated Market Makers (AMMs), particularly the x*y=k model popularized by Uniswap, fail in prediction markets despite their success in decentralized finance (DeFi). AMMs excel in DeFi by enabling permissionless liquidity provision and continuous trading for tokens that fluctuate indefinitely. However, prediction markets involve binary outcomes where assets settle to either $1 or $0 at expiration. This structural difference causes inherent flaws: liquidity providers (LPs) inevitably suffer losses as pools automatically rebalance toward the losing side upon settlement—making "impermanent loss" permanent. Additionally, AMMs distort price discovery for probability-based markets due to slippage and low liquidity. Early prediction platforms like Polymarket and Augur experimented with AMMs but abandoned them for Central Limit Order Books (CLOBs), which better handle precise probabilistic pricing and binary settlements. The article concludes that while AMMs revolutionized token swaps, their mechanics are mismatched for prediction markets, requiring alternative infrastructure that accommodates binary outcomes and mandatory settlement.

marsbit04/14 13:18

Why Does the Automated Market Maker (AMM) Mechanism Fail in the Prediction Market Field?

marsbit04/14 13:18

Franklin Templeton's Latest Research: How to Understand RWA Tokenization

Franklin Templeton's research explores the rapid growth and structural evolution of real-world asset (RWA) tokenization, which has expanded from $5 billion in 2023 to over $25 billion by early 2026. This surge is driven by clearer regulations and greater trust in blockchain technology. RWA tokenization covers assets like stocks, bonds, commodities, and real estate, distinguishing them from native cryptocurrencies. The market saw a turning point as tokenization expanded from government bonds to equities, with early movers like Robinhood, Kraken, and Ondo launching tokenized stock offerings. Traditional institutions, including DTCC, NYSE, and Nasdaq, have since announced significant tokenization initiatives, signaling a major shift in securities processing. The article identifies three tokenization models: 1. **Digital Native Tokens**: Direct ownership of the underlying asset with on-chain settlement (e.g., Franklin Templeton’s money market fund). 2. **Synthetic Asset Tokens**: Indirect economic exposure via special purpose vehicles, allowing broader DeFi utility but limited investor rights. 3. **Digital Mirror Tokens**: Tokenized receipts of off-chain assets, with legacy settlement systems and restricted transferability. Synthetic tokens are permissionless, requiring only KYT checks, while digital native and mirror tokens require full KYC/AML compliance. Each model offers distinct advantages in transparency, utility, and efficiency compared to traditional systems. Tokenization is driving convergence between crypto and traditional finance, with wallets emerging as a universal financial interface.

marsbit04/14 11:35

Franklin Templeton's Latest Research: How to Understand RWA Tokenization

marsbit04/14 11:35

Paying the Strait Transit Fee with Bitcoin: Is Iran Just Talking Big?

An article titled "Bitcoin Payment for Strait Transit Fees: Is Iran Just Making Empty Threats?" discusses Iran's announcement to potentially charge a $1 per barrel transit fee for oil tankers passing through the Strait of Hormuz, payable in Bitcoin, during a two-week ceasefire period. This news briefly drove Bitcoin's price above $73,000, highlighting its symbolic significance as a tool for extreme scenarios where traditional financial systems fail due to sanctions. Iran, facing severe U.S. sanctions and exclusion from SWIFT, views Bitcoin as a means to ensure untraceable and unconfiscatable transactions, despite its volatility and slower settlement times. However, the practicality of this move is questioned. The Strait of Hormuz closed shortly after the announcement, leading to skepticism about its implementation. Experts like Arthur Hayes emphasize the need for on-chain evidence to validate the claim, suggesting it may be more of a psychological tactic against Western financial systems than a feasible plan. Even if Iran collects Bitcoin, converting it to fiat for essential purchases remains challenging under current sanctions. The article concludes that Bitcoin’s role in this geopolitical drama—whether as a practical tool or a strategic signal—marks its entry into high-stakes international politics, reinforcing its relevance in a fragmented world.

Odaily星球日报04/09 08:52

Paying the Strait Transit Fee with Bitcoin: Is Iran Just Talking Big?

Odaily星球日报04/09 08:52

The New Financial Rails: How Stablecoin Infrastructure Is Quietly Rewiring Global Payments

The global payments system still relies on outdated infrastructure from the 1970s, resulting in slow, costly, and opaque cross-border transactions. Stablecoins and digital asset infrastructure are emerging as solutions, but they often create new operational complexities due to fragmentation across custody, liquidity, compliance systems. Strategic infrastructure providers, working alongside advisory firms like Fintech Amigo, are addressing this by orchestrating integrated financial stacks that combine regulatory structuring, banking relationships, and digital rails. This enables faster, cheaper, and programmable settlements using stablecoins as a neutral settlement layer—operating 24/7. The transformation is reshaping payments, treasury management, and compliance, reducing time-to-market and operational friction for global businesses. The future of finance will be hybrid, blending traditional and digital systems, with effective integration being key to success.

TheNewsCrypto04/09 05:34

The New Financial Rails: How Stablecoin Infrastructure Is Quietly Rewiring Global Payments

TheNewsCrypto04/09 05:34

CoinFound × OSL Research Launches Stablecoin Research Collaboration, First Phase Focuses on USDGO

CoinFound and OSL Research have launched a stablecoin research partnership, with the initial phase centered on USDGO. The collaboration will conduct thematic research on the USDGO stablecoin ecosystem, utilizing on-chain data analysis and market structure observations. The study aims to explore the development path of stablecoins within the digital financial system and their application potential in trading, settlement, and on-chain financial scenarios. As stablecoins increasingly serve as a bridge between traditional finance and on-chain financial infrastructure, there is growing demand for research into their issuance mechanisms, liquidity structures, and ecosystem synergies. CoinFound and OSL Research will collaborate on building research frameworks and sharing industry insights. Their joint efforts will include co-developing research content, establishing data analysis frameworks, and publishing findings through reports, market observations, and thematic analyses. OSL Research, part of the OSL Group, focuses on in-depth digital asset research and provides forward-looking market insights. CoinFound specializes in Web3 data and research, offering analysis of asset structures and capital flow trends through on-chain analytics. Together, they aim to advance stablecoin research and provide clearer industry benchmarks for the digital asset market.

marsbit04/09 03:32

CoinFound × OSL Research Launches Stablecoin Research Collaboration, First Phase Focuses on USDGO

marsbit04/09 03:32

Yuga Labs settles with Ryder Ripps, secures sweeping ban on RR/BAYC NFTs

Yuga Labs has settled its lawsuit against artists Ryder Ripps and Jeremy Cahen, ending a long-running legal dispute over their RR/BAYC NFT collection which used Bored Ape Yacht Club trademarks. The settlement includes a permanent injunction prohibiting the defendants from using any BAYC-related branding across NFTs, digital platforms, or physical products. They must transfer all remaining RR/BAYC NFTs, domain names, and assets to Yuga Labs, and cease all minting, sales, and promotion of the collection. The agreement effectively shuts down the RR/BAYC project and reinforces the enforcement of intellectual property rights in the NFT space, even for collections presented as satire or critique.

ambcrypto04/08 20:57

Yuga Labs settles with Ryder Ripps, secures sweeping ban on RR/BAYC NFTs

ambcrypto04/08 20:57

a16z: After Securities Go On-Chain, Intermediaries Will Be Replaced by Code

a16z and the DeFi Education Fund proposed a "Software Safe Harbor" framework to the SEC, aiming to exempt certain non-custodial, disintermediated blockchain applications from traditional broker-dealer regulations. The Securities Exchange Act of 1934. The proposal argues that such applications—acting as neutral software interfaces without asset control, trade execution, or investment advice—should not be subject to existing intermediary-focused rules. Former SEC Chief Economist Craig Lewis provided an economic analysis, highlighting potential benefits: atomic settlement (reducing counterparty risk), on-chain transparency, 24/7 trading, lower operational costs (e.g., 40-60% reduction in bond tokenization), and increased competition. Potential costs include reduced investor protection (e.g., inability to freeze assets), regulatory arbitrage, market fragmentation, and retail transaction risks (e.g., gas fees). Lewis emphasizes comparing these to existing opaque, costly traditional systems. The analysis concludes that the safe harbor could unlock significant economic value by enabling peer-to-peer trading of tokenized securities, aligning with the SEC’s Project Crypto initiative to modernize markets through blockchain technology.

marsbit04/08 09:16

a16z: After Securities Go On-Chain, Intermediaries Will Be Replaced by Code

marsbit04/08 09:16

Prediction Markets Plunge into Major Controversy Again: Are You Trading Facts or Rules?

The prediction market sector, particularly platforms like Polymarket and Predict.fun, is facing significant controversy over event resolution rules that sometimes conflict with user expectations. Two recent cases highlight the issue. First, on Polymarket, a market asking “Will US forces enter Iran by a certain date?” was resolved as “Yes” after US special forces entered Iranian territory to rescue a downed pilot. While the rules technically defined such an operational entry as a qualifying "invasion," many users argued it contradicted the common-sense understanding of a military invasion, as the action was a limited humanitarian rescue, not a combat operation. Second, on Predict.fun, a market on “Will Polymarket launch a token?” was resolved as “Yes” after the platform announced a new stablecoin, Polymarket USD, pegged 1:1 to USDC. The rules defined a "token" as any fungible asset, but the community debated whether a stablecoin—a collateral tool rather than a governance or equity token—should truly count as the "launch" users were predicting, especially for a subsequent market on the project’s Fully Diluted Valuation (FDV). The core conflict is whether users are betting on real-world events or a platform’s specific, often technical, rules. These cases show that a high-probability bet can quickly become a loss if the rules are misinterpreted. The key takeaway for participants is to prioritize understanding the precise, written rules over their own assumptions to avoid unexpected outcomes.

marsbit04/08 03:37

Prediction Markets Plunge into Major Controversy Again: Are You Trading Facts or Rules?