# Stablecoins Related Articles

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

ASIC Fintech Chief Says Crypto Shouldn’t Be a Separate Asset Class

The fintech chief of Australia's securities regulator, ASIC, argues that crypto should not be treated as a separate asset class. Rhys Bollen stated at the Melbourne Money and Finance Conference that blockchain and crypto perform the same core financial functions as existing infrastructure and should be regulated based on economic substance rather than technological form. He proposed that tokenized securities fall under securities laws, stablecoins under payment services legislation, and other crypto aspects under consumer protection laws. Bollen emphasized that regulatory systems have historically adapted to technological changes without abandoning core principles like market integrity and consumer protection. He noted that most consumer harm in crypto stems from intermediaries (platforms offering trading, custody, or lending services), not the tokens themselves. ASIC's approach focuses on regulating these intermediaries rather than the assets. This stance contrasts with dedicated crypto regulatory frameworks in the US and EU. Bollen also cautioned that legal analysis should prioritize practical control and profit over claims of decentralization.

TheNewsCrypto03/11 08:53

ASIC Fintech Chief Says Crypto Shouldn’t Be a Separate Asset Class

TheNewsCrypto03/11 08:53

ABA Survey Shows User Concerns On Stablecoins In Crypto Market Structure Bill Debate

The debate over the CLARITY Act, which aims to define the U.S. crypto market structure, remains stalled amid disagreements between the banking and crypto sectors. At an American Bankers Association (ABA) summit, Senator Angela Alsobrooks highlighted the complexity of negotiations, noting that both sides are likely to be dissatisfied. Banking representatives view stablecoin rewards as a threat to traditional deposits, while the crypto industry argues they are essential consumer incentives. A new ABA survey revealed that 42% of consumers support banning stablecoin rewards if they limit banks' lending capacity. Additionally, 90% of respondents do not currently own stablecoins, and only 17% are likely to use them in the next year. ABA CEO Rob Nichols emphasized that crypto companies offering bank-like products should meet the same regulatory standards as banks. The legislation's next critical step is a Senate Banking Committee markup. If approved, it could merge with a version from the Senate Agriculture Committee before a full Senate vote.

bitcoinist03/11 08:09

ABA Survey Shows User Concerns On Stablecoins In Crypto Market Structure Bill Debate

bitcoinist03/11 08:09

The Boundaries and Channels of Finance: The New Pricing Logic of Global Markets

The article "Financial Boundaries and Channels: The New Pricing Logic of Global Markets" explores the evolving relationship between traditional finance and decentralized finance (DeFi), focusing on the growing interest of asset management giants like BlackRock and Apollo in on-chain vaults and RWA (Real World Assets). It argues that while DeFi has adopted USDT/USDC as de facto standards due to their scale, this reliance on U.S. Treasury-backed stablecoins means DeFi is subject to external monetary policies without reciprocal influence. The piece highlights the absence of a native DeFi risk-free rate and examines past attempts, like algorithmic stablecoins, which failed to challenge this dominance. The author suggests that vaults and curators may become central to a new financial architecture, facilitating global capital flow and efficiency. However, these structures currently lack mechanisms for asset price inflation and face risks from code vulnerabilities and governance issues. The future may lie in broker-like channels that enhance capital fluidity beyond centralized exchanges, potentially leading to a more integrated and efficient global market system. Ultimately, the article concludes that while DeFi infrastructure matures, the real innovation opportunity resides in creating channels that enable seamless, scalable capital interaction, moving beyond traditional token economics.

比推03/11 06:44

The Boundaries and Channels of Finance: The New Pricing Logic of Global Markets

比推03/11 06:44

Blockchain.com rolls out crypto expansion plan for Ghana – Details

Global crypto firms are increasingly targeting Africa due to massive adoption in the region. Blockchain.com is expanding into Ghana following significant success in Nigeria, where it recorded 700% growth. The company sees similar potential in Ghana, driven by high interest in digital assets for hedging against currency volatility, payments, remittances, and savings. Nigeria leads Sub-Saharan Africa in crypto activity, with over $92 billion in value last year, followed by South Africa, Ethiopia, Kenya, and Ghana. Africa’s overall crypto activity surged 52% in 2025, reaching $205 billion, making it the third-largest crypto-adopting region globally. Institutional demand is particularly strong in South Africa due to clear regulations, while other nations like Nigeria and Kenya are also pushing for regulatory clarity to foster growth. Bitcoin, USDT, and Ethereum are the most traded assets in the region.

ambcrypto03/11 02:02

Blockchain.com rolls out crypto expansion plan for Ghana – Details

ambcrypto03/11 02:02

All about first-ever stablecoin insurance premium – USDC, PYUSD & what’s next!

Major insurance broker Aon has executed what is believed to be the first stablecoin-based insurance premium payments, utilizing USDC on Ethereum and PYUSD on Solana. This move, completed within minutes instead of days, demonstrates real-world adoption of stablecoins for institutional transactions. It comes amid ongoing U.S. regulatory debates, including the failed CLARITY Act compromise and the framework provided by the GENIUS Act of 2025. The stablecoin market has surged to nearly $270 billion, with transaction volumes exceeding $1.7 trillion. While this signals a shift towards faster, scalable blockchain networks, global regulatory approaches vary significantly, as seen in South Korea's potential ban on dollar-based stablecoins. The success of stablecoins hinges on both technological adoption and cohesive global regulation.

ambcrypto03/10 15:32

All about first-ever stablecoin insurance premium – USDC, PYUSD & what’s next!

ambcrypto03/10 15:32

The Limits of Finance, The Channel Value of Global Markets

This article explores the evolving relationship between traditional finance and decentralized finance (DeFi), focusing on the growing institutional interest in on-chain vaults and real-world assets (RWA). While major asset managers like BlackRock and Apollo are investing heavily in DeFi tokens, the sector faces challenges, including liquidity crises and structural limitations. A central theme is the absence of a native DeFi risk-free interest rate. Despite multiple attempts—from algorithmic stablecoins to liquidity staking tokens—DeFi has largely adopted USDT and USDC for their scale, effectively making U.S. Treasury bonds the de facto benchmark. However, this dependency creates vulnerability, as DeFi cannot interact bidirectionally with traditional finance. The article argues that the next phase of DeFi will revolve around vaults—on-chain repositories that aggregate assets and yield. These vaults, managed by "curators," aim to offer fixed-rate products and credit systems but currently lack mechanisms for asset price inflation and clear risk management. The piece concludes that while vaults and curators are gaining traction, the true innovation lies in creating efficient "channels" or broker-like systems that enhance global capital flow. These could eventually replace centralized exchanges as the primary liquidity hubs, enabling a more integrated and efficient financial system without relying on traditional tokenomics.

marsbit03/10 13:23

The Limits of Finance, The Channel Value of Global Markets

marsbit03/10 13:23

IOSG: A Panoramic View of On-Chain Yields, from Yield-Bearing Stablecoins to the Evolution of Crypto Credit Products

IOSG Research analyzes the on-chain yield landscape, highlighting the growing preference for yield-bearing stablecoins and fixed-income products during bear markets. While bull markets drive TVL growth across all yield products, bear markets see capital shift toward lower-risk, stablecoin-based options. Key trends include protocols expanding into front-end (wallets, mobile interfaces) and back-end services (stablecoin-as-a-service for L1/L2 chains). Anticipated U.S. interest rate cuts may reduce Treasury yields, pushing yield-bearing stablecoins to diversify into alternative real-world assets (RWA) like private credit and GPU financing. The report also notes institutional adoption through end-to-end staking services and crypto-native credit products (e.g., preferred shares), which function as crypto equivalents to Treasury bonds, offering stable yields from DeFi and staking revenues. Exclusive yield sources and transparent revenue-sharing models are becoming crucial differentiators.

marsbit03/10 11:26

IOSG: A Panoramic View of On-Chain Yields, from Yield-Bearing Stablecoins to the Evolution of Crypto Credit Products

marsbit03/10 11:26

Crypto today: Tokenized stocks surge 3000% as U.S. policy shifts to innovation

The article highlights three major trends in the crypto space. First, stablecoins are rapidly evolving from cross-border settlement tools into core domestic payment infrastructure, driven by extremely low transaction fees on networks like Solana and Base. This has led to surging retail usage and integration by major payment processors. Second, a significant shift in U.S. policy is fostering innovation, with improved regulatory coordination between the SEC and CFTC. This environment has fueled explosive growth, with the tokenized stock market surging nearly 3,000% to $1.1 billion. Finally, institutional investment products saw strong weekly inflows of $619 million, though momentum was tempered by macro pressures and profit-taking, indicating a market that is maturing but remains sensitive to broader economic conditions. Bitcoin solidifies its role as a store of value, while regulated stablecoins become the dominant medium of exchange.

ambcrypto03/09 23:02

Crypto today: Tokenized stocks surge 3000% as U.S. policy shifts to innovation

ambcrypto03/09 23:02

The Largest Market for Stablecoins Is Not Cross-Border Payments

Stablecoins are experiencing significant growth, with their circulating supply more than doubling and adjusted transaction volume tripling over the past two years. However, the nature of this growth is shifting. Data from Allium’s latest report indicates that stablecoins are increasingly being used as a payment rail rather than a savings or speculative asset. Key metrics show that transaction velocity has increased from 2.6x to over 6x, indicating that stablecoins are being used more frequently for transactions rather than held as stores of value. While consumer-to-consumer (C2C) transactions remain the largest category by volume, their growth has slowed. In contrast, consumer-to-business (C2B) and business-to-business (B2B) payments are growing rapidly—131% and 87% respectively—suggesting increased adoption in commercial use cases like subscriptions, invoices, and supply chain payments. Notably, the narrative that stablecoins are primarily used for cross-border remittances is contradicted by the fact that about 74% of transactions are domestic. The declining average transaction size further supports the idea that stablecoins are being used for routine, lower-value payments rather than large international transfers. This shift positions stablecoins as competitors to domestic payment systems like ACH, rather than as tools for global remittances. The maturation of stablecoin infrastructure is evident as usage moves beyond experimental peer-to-peer transfers toward consistent, high-frequency commercial applications. If C2B and B2B growth continues even during crypto market downturns, it would signal that stablecoin payment infrastructure is decoupling from crypto’s speculative cycles.

比推03/09 21:23

The Largest Market for Stablecoins Is Not Cross-Border Payments