# Stablecoin Related Articles

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

After the Breakthrough Year of 2025, Is a $10 Trillion Crypto Market No Longer a Pipe Dream?

The year 2025 has been a landmark period for the cryptocurrency industry, marked by a global breakthrough in regulatory compliance. Key developments include the U.S. shifting from restrictive policies under the Trump administration—such as establishing a strategic Bitcoin reserve and passing the GENIUS Stablecoin Act—to creating a clear federal regulatory framework. The EU further implemented its MiCA regulation, enabling licensed crypto firms to operate across all member states, while Hong Kong introduced its own stablecoin ordinance, accelerating Asia’s compliance efforts. This regulatory clarity has encouraged institutional participation, with corporate crypto allocations reaching $120 billion in the first three quarters of 2025—a 450% increase from 2024. The approval of numerous crypto ETFs, including BlackRock’s $70 billion Bitcoin ETF, provided new avenues for mainstream investment. Major companies like Walmart and Amazon began exploring stablecoins for cross-border settlements, reducing costs by up to 60%. Industry leaders such as Coinbase, OKX, and Binance expanded their global compliance efforts, acquiring licenses in multiple jurisdictions and adapting to new regulations. Investment firms like a16z and Fidelity also played roles in shaping policies and promoting institutional adoption. With a mature regulatory foundation now in place, the crypto market is transitioning from speculative trading to real-world utility. The path toward a $10 trillion market cap appears increasingly achievable as compliance drives broader adoption, stability, and integration with the traditional financial system.

marsbit12/19 13:06

After the Breakthrough Year of 2025, Is a $10 Trillion Crypto Market No Longer a Pipe Dream?

marsbit12/19 13:06

RWA Weekly: Coinbase Announces Launch of Prediction Markets and Tokenized Stocks; Stablecoin U Goes Live on BNB Chain and Ethereum

RWA Weekly Roundup: Coinbase Launches Prediction Markets and Tokenized Stocks; Stablecoin $U Debuts on BNB Chain and Ethereum The on-chain RWA market cap rose slightly to $18.9 billion, while stablecoin market capitalization exceeded $300 billion, though transaction activity declined, indicating a "stagnant liquidity" phase. Regulatory developments accelerated globally, with China promoting the digital yuan, and the U.S., Canada, and Hong Kong advancing stablecoin and asset tokenization frameworks. Traditional financial institutions expanded their involvement: JPMorgan launched a tokenized money market fund on Ethereum and integrated JPM Coin with Base, while Visa and Mastercard extended stablecoin payment services. DTCC partnered with Canton Network for U.S. Treasury tokenization. Coinbase introduced prediction markets and tokenized stocks, PayPal launched a PYUSD savings vault, and SoFi issued its own stablecoin, SoFiUSD. Emerging markets like Brazil and Pakistan also explored sovereign asset tokenization. Stablecoin $U went live on BNB Chain and Ethereum, integrating with DeFi protocols like PancakeSwap and ListaDAO. Despite growth, JPMorgan analysts caution that stablecoin market size may not reach $1 trillion by 2028, projecting a more moderate expansion to $500-600 billion. The sector continues to evolve, driven by regulatory clarity and institutional adoption, embedding RWA deeper into global payment and asset management systems.

marsbit12/19 13:06

RWA Weekly: Coinbase Announces Launch of Prediction Markets and Tokenized Stocks; Stablecoin U Goes Live on BNB Chain and Ethereum

marsbit12/19 13:06

The Rise and Fall of Binance's Hegemony: The Stablecoin War from BUSD's 'Unification' to $U's 'Dominance'

"Binance's Stablecoin Wars: From BUSD's 'Unification' to $U's 'Domination'" This article chronicles Binance's evolving strategy in the stablecoin arena, tracing its journey from aggressive dominance to a more sophisticated, aggregator model. The story begins with the ambitious launch of BUSD, a Paxos-issued stablecoin born from a partnership between Binance's CZ and Paxos's Richmond Teo. Binance's most aggressive move came in 2022 with a "liquidity unification" blitz, automatically converting user balances of USDC, USDP, and TUSD into BUSD and removing their trading pairs. This tactic briefly propelled BUSD to a $23 billion market cap. However, its downfall was swift. A critical structural flaw was its "Binance-Peg BUSD," an unregulated, shadow version on the BNB Chain that sometimes lacked sufficient collateral. This led to a regulatory "Valentine's Day massacre" in February 2023, when the NYDFS ordered Paxos to stop minting BUSD, effectively killing the project. In the subsequent vacuum, Binance first promoted the Hong Kong-based FDUSD as a transitional solution and created BFUSD, an internal, yield-bearing "reward asset" for use as futures collateral. The narrative then shifts to Binance's latest and most surprising play: United Stables ($U). This new "meta-stablecoin" represents a strategic evolution. Instead of trying to eliminate rivals like USDT and USDC, $U aggregates them, backing itself with a basket of these major stablecoins. Notably, it also includes USD1, a stablecoin from the Trump-linked World Liberty Financial project, led by none other than Richmond Teo. A key innovation of $U is its design for the "AI economy," featuring gasless transactions (EIP-3009) to facilitate machine-to-machine micropayments. The article concludes that Binance's strategy has evolved from the "霸道" (hegemonic) force of BUSD to the "大同" (greater unification) approach of $U, which seeks to absorb existing liquidity rather than destroy it, while positioning itself for the future frontier of AI-driven finance.

marsbit12/19 12:13

The Rise and Fall of Binance's Hegemony: The Stablecoin War from BUSD's 'Unification' to $U's 'Dominance'

marsbit12/19 12:13

Jump Trading hit with $4B lawsuit tied to $50B Terra crash

In a $4 billion lawsuit, the administrator of Terraform Labs' bankruptcy has accused Jump Trading and its executives of unlawfully profiting from and contributing to the 2022 Terra collapse. The suit alleges Jump entered secret agreements to purchase LUNA tokens at a massive discount in exchange for artificially maintaining the peg of the TerraUSD (UST) stablecoin, hiding flaws in its algorithmic mechanism. The crash resulted in approximately $50 billion in losses. The filing further claims nearly 50,000 BTC from a reserve fund were transferred to Jump without a written agreement. This is not the first legal action against Jump related to Terra; a subsidiary previously paid a $123 million SEC settlement over misleading investors about UST's stability.

cointelegraph12/19 10:18

Jump Trading hit with $4B lawsuit tied to $50B Terra crash

cointelegraph12/19 10:18

CZ Year-End Q&A Summary: Besides Giggle Academy, What Else Is He Planning?

CZ, the founder of Binance, recently participated in a year-end AMA hosted by BNB Chain, sharing his perspectives on various topics. He discussed his current focus post-retirement as CEO, which includes four key areas: Giggle Academy, a free educational platform; YZi Labs, where he mentors entrepreneurs; providing strategic oversight for BNB Chain; and advising governments on regulatory frameworks. CZ highlighted BNB Chain's significant growth, with a 600% increase in transaction volume and over 200 million daily active users. He emphasized the potential for crypto to grow beyond its current 1% global wealth penetration. On market trends, he expressed support for multiple prediction markets without favoring single players, advocated for yield-generating stablecoins (like Ethena's USDe) as the future, and identified AI Agents as a major driver for crypto payments due to their inability to use traditional banking. He also discussed Real-World Assets (RWA) tokenization at a national level, particularly for resource-rich countries seeking liquidity. For entrepreneurs, CZ stressed the importance of being mission-driven rather than opportunistic, and advised technical founders to achieve expertise before focusing on soft skills. Overall, CZ emphasized long-term building and patience, citing Nvidia's decades-long journey to success as an example.

marsbit12/19 09:24

CZ Year-End Q&A Summary: Besides Giggle Academy, What Else Is He Planning?

marsbit12/19 09:24

Do Kwon in Jail But Terra Drama Continues — Bankruptcy Estate Sues Jump Trading

While Terra founder Do Kwon is serving a 15-year prison sentence, the fallout from the 2022 collapse of TerraUSD (UST) continues. The bankruptcy administrator for Terraform Labs has filed a lawsuit against Jump Crypto, alleging the trading firm engaged in shady deals with Kwon that contributed to UST's failure. The complaint claims Jump secretly profited from discounted LUNA tokens and manipulated the market by secretly propping up UST during a 2021 depegging event, masking its structural weaknesses. The lawsuit further alleges the Luna Foundation Guard improperly transferred nearly 50,000 BTC to Jump without a formal agreement. Seeking roughly $4 billion in damages, the administrator accuses Jump of market manipulation and self-dealing that enriched the firm while devastating retail investors and triggering a broader crypto market contagion.

ccn.com12/19 08:55

Do Kwon in Jail But Terra Drama Continues — Bankruptcy Estate Sues Jump Trading

ccn.com12/19 08:55

2025 Critical Moments Review: The Song of Ice and Fire in Cryptocurrency

2025 was a pivotal year of transformation for the cryptocurrency market, marked by extreme volatility and maturation. Bitcoin reached new highs above $124,000, while major events like the Bybit hack and Hyperliquid's $300 million incident exposed systemic vulnerabilities. Regulatory shifts were profound, with Trump’s administration fostering pro-innovation policies, including the GENIUS Act for stablecoins and the removal of sanctions against Tornado Cash. Landmark approvals for crypto ETFs and IPOs, such as Circle’s public listing, accelerated institutional adoption. Macroeconomic turbulence, including U.S. tariff policies and government shutdowns, triggered severe sell-offs, with October’s crash resulting in $19 billion in liquidations. Meanwhile, privacy coins and RWA gained traction, and meme coins influenced by figures like Trump and CZ saw speculative booms. The year closed with significant legal resolutions, including sentences for Do Kwon and Qian Zhimin, and continued regulatory divergence, with China tightening restrictions as Hong Kong and the U.S. advanced frameworks.

marsbit12/19 07:25

2025 Critical Moments Review: The Song of Ice and Fire in Cryptocurrency

marsbit12/19 07:25

Dialogue with Christian, a Post-00s Fintech Entrepreneur: Craving Iteration Speed and Mutual Candor, Financial Mindset Matters More Than Choices, 'Young People Should Have Awe'

Amid a challenging 2025, Christian, the 00-year-old founder of fintech startup Infini, reflects on a year marked by a major security breach and a strategic pivot. The company shifted from consumer-focused crypto services to B2B financial infrastructure, emphasizing payment solutions and stablecoin integration. Christian stresses that the core value in fintech isn't just efficiency but trust, earned through rapid iteration, transparent service, and 24/7 responsiveness. He believes financial products should empower users with financial literacy and risk awareness, rather than just offering investment options. Infini’s new direction focuses on building a "financial OS" to help global entrepreneurs—especially solo developers and small teams—receive payments and manage capital easily, reducing dependency on traditional banking. Christian also shares management insights: prioritize speed, curiosity, and radical honesty within teams. He admires Revolut’s execution speed and high standards, and draws inspiration from historical leaders like Emperor Taizong of Tang for their strategic decisiveness and ability to integrate talented but strong-willed individuals. Despite a tough year, he views these challenges as crucial lessons in resilience, team alignment, and maintaining long-term vision.

marsbit12/19 07:13

Dialogue with Christian, a Post-00s Fintech Entrepreneur: Craving Iteration Speed and Mutual Candor, Financial Mindset Matters More Than Choices, 'Young People Should Have Awe'

marsbit12/19 07:13

UNI Burn Proposal Voting, Lighter TGE Expectations: A Look at Major Ecosystem Movements

In the past 24 hours, the crypto market saw significant developments across multiple sectors. Key discussions revolved around Uniswap's final voting phase for the "Unification" proposal, which includes burning 100 million UNI and activating fee mechanisms, raising debates on governance alignment and value capture. Lido’s low market cap despite high TVL sparked conversations about governance token valuation challenges. CZ highlighted privacy concerns in crypto payments, amplifying discussions on transactional transparency. Solana ecosystem attracted attention with energy company Fuse Energy entering DePIN, signaling real-world adoption. Ethereum witnessed shifting DEX fee dynamics, with Curve gaining ground against Uniswap, while ERC-8004 for trustless AI agents advanced toward mainnet launch. Perp DEX projects like Lighter faced TGE timing uncertainties, and Hyperliquid’s $1 billion回购 strategy triggered debates on balancing buybacks with growth investments. Infrastructure updates included MegaETH opening its mainnet for developers, and traditional finance integration accelerated with SoFi Bank launching SoFiUSD—the first nationally chartered U.S. bank-issued stablecoin. Visa’s stablecoin settlement pilot reached a $3.5 billion annualized volume, and PayPal’s PYUSD partnered with USDAI to enhance interoperability. These movements highlight ongoing convergence between crypto and traditional finance, alongside evolving DeFi economic models and privacy needs.

marsbit12/19 06:57

UNI Burn Proposal Voting, Lighter TGE Expectations: A Look at Major Ecosystem Movements

marsbit12/19 06:57

Zhao Changpeng's Year-End Report: Ten Questions on Binance, Regulation, and the Future of Crypto

CZ, founder of Binance, shares his reflections and insights in a year-end Q&A. He discusses his post-clemency sense of vindication and his current focus on four key areas: Giggle Academy (a free education platform serving 90,000 children), YZ Labs (a $10B ecosystem fund investing in crypto projects), mentoring BNB Chain entrepreneurs, and advising governments on crypto regulation. He highlights significant growth metrics: BNB Chain’s 600% annual transaction growth, 2M daily active users, and Binance’s 200M users. On investment strategy, he rejects the "horse race" approach, advocating instead for an "open garden" model that supports multiple strong teams to foster competition and innovation. CZ breaks down stablecoin evolution: 1.0 (basic, non-yielding tokens like USDT), 1.5 (yield-bearing but adoption-limited, e.g., Ethena’s USDe), and 2.0 (ideal state combining yield, liquidity, and compliance). He notes improved regulatory openness globally. He emphasizes mission-driven founders with long-term commitment and stamina, dismissing short-term profit seekers. On AI trading agents, he argues successful strategies won’t be sold widely due to market saturation effects. For RWA tokenization, he sees potential in national asset tokenization for resource development and notes crypto’s suitability for AI/agent economies. CZ advises BNB Chain to focus on relentless building, comparing it to a long marathon. His final message: he isn’t defined by his content, embodying a calm, persistent ethos.

比推12/19 06:44

Zhao Changpeng's Year-End Report: Ten Questions on Binance, Regulation, and the Future of Crypto

比推12/19 06:44

活动图片

Hot Categoriesright-arrow

Hot Tagsright-arrow

Bitcoinright-arrow

Technology Trendsright-arrow