# 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.

Fintech Stablecoins Just Got a Boost in South Korea as Lawmakers Oppose 51% Rule

South Korea is preparing to regulate stablecoins by 2026, with a key debate between the Bank of Korea (BoK) and the Financial Services Commission (FSC). The BoK supports a "51% rule" that would limit the issuance of KRW-backed stablecoins to entities majority-owned by banks, arguing that non-bank issuance could cause chaos. In contrast, the FSC favors a more open approach, allowing fintech companies to participate to encourage innovation. Recently, the Democratic Party of Korea’s Digital Asset Task Force expressed opposition to the BoK’s proposal, siding with the FSC. They argue that restricting stablecoin issuance to banks could hinder innovation and reduce competitiveness with global standards.

ccn.com12/23 12:23

Fintech Stablecoins Just Got a Boost in South Korea as Lawmakers Oppose 51% Rule

ccn.com12/23 12:23

How the Central Bank Will Regulate Cryptocurrencies in Russia. The Main Points

The Central Bank of Russia has published a concept for regulating cryptocurrencies and digital assets, with legislative changes proposed to the government. While crypto assets can be purchased by both qualified and unqualified investors, they are recognized as high-risk and cannot be used for domestic payments. Key regulations include: Unqualified investors can only buy the most liquid cryptocurrencies after passing a test, with an annual limit of 300,000 rubles per intermediary. Qualified investors can purchase any non-anonymous cryptocurrencies without volume limits, also after risk testing. Operations will be conducted through existing licensed infrastructure like exchanges and brokers. Residents can buy crypto abroad using foreign accounts and transfer previously purchased crypto overseas through Russian intermediaries, but must notify the tax service. The legal framework is to be prepared by July 1, 2026, with penalties for illegal intermediary activities effective from July 1, 2027. The regulation also covers the market for Russian Digital Financial Assets (DFAs), permitting their circulation on open networks to allow issuers to attract foreign investment. DFAs, distinct from cryptocurrencies, are tokenized versions of real assets issued on private blockchains by approved operators.

RBK-crypto12/23 12:14

How the Central Bank Will Regulate Cryptocurrencies in Russia. The Main Points

RBK-crypto12/23 12:14

RWA Weekly Report｜Data: Approximately 50% of Euro Stablecoins Deployed on Ethereum; Potential Policy Adjustments as Trump Prepares for Next November's Midterm Elections May Again Impact Digital Assets (12.18-12.23)

RWA Market Weekly Summary (Dec 18–23) The total on-chain value of Real World Assets (RWA) grew 1.65% this week to $19.05 billion, while the broader RWA market saw a slight contraction. U.S. Treasuries remained the core asset at $8.7 billion. Commodities and private equity saw notable increases. The number of RWA asset holders and stablecoin users continued to rise. Key developments include: - Data shows ~50% of euro-denominated stablecoins are deployed on Ethereum. - Former U.S. President Trump’s policy adjustments ahead of the midterm elections may impact digital assets. - The SEC issued new guidance on crypto asset custody and ATS operations. - Hong Kong proposed new rules for insurance investments in crypto assets. - U.S. lawmakers proposed tax exemptions for small stablecoin payments and staking rewards. - Ghana legalized crypto trading and plans to explore gold-backed stablecoins. Highlighted RWA projects: - Ondo Finance (ONDO) will launch tokenized stocks and ETFs on Solana in early 2026. - MSX (STONKS) is preparing for the potential launch of official Nasdaq tokenized stocks. Stablecoin sector growth continues, with Grayscale reporting a $300B supply and $1.1T in monthly trading volume.

marsbit12/23 10:56

RWA Weekly Report｜Data: Approximately 50% of Euro Stablecoins Deployed on Ethereum; Potential Policy Adjustments as Trump Prepares for Next November's Midterm Elections May Again Impact Digital Assets (12.18-12.23)

marsbit12/23 10:56

RWA Weekly Report｜Data: Approximately 50% of Euro Stablecoins Deployed on Ethereum; Potential Policy Adjustments as Trump Prepares for Next November's Midterm Elections May Again Impact Digital Assets (12.18-12.23)

RWA Weekly Report: Data shows approximately 50% of euro-denominated stablecoins are deployed on Ethereum; potential policy shifts as Trump prepares for midterm elections may impact digital asset markets (Dec 18–23, 2025). The on-chain value of Real World Assets (RWA) grew 1.65% to $19.05 billion, while the broader RWA market contracted slightly to $402.57 billion. User adoption continued to rise, with RWA holders increasing to 582,639 and stablecoin holders reaching 212.54 million. U.S. Treasury bonds remained the core asset at $8.7 billion, while commodities and private equity saw notable growth. Key developments include the SEC issuing new guidance for crypto asset custody and ATS operations, Hong Kong proposing new rules for insurer investments in crypto assets, and U.S. lawmakers discussing tax exemptions for small stablecoin transactions. Data from Token Terminal indicates about half of all euro stablecoins are on Ethereum. Political focus remains on potential policy adjustments by Trump ahead of the 2026 midterm elections, which could affect digital asset markets. Projects like Ondo Finance and MSX (STONKS) are advancing tokenized traditional assets, with Ondo expanding to Solana and MSX preparing for Nasdaq’s potential entry into tokenized stocks. Ghana legalized cryptocurrency trading and is exploring gold-backed stablecoins, reflecting global regulatory evolution. Stablecoin supply reached $300 billion in 2025, with significant transaction volume driving growth in related ecosystems.

Odaily星球日报12/23 10:48

RWA Weekly Report｜Data: Approximately 50% of Euro Stablecoins Deployed on Ethereum; Potential Policy Adjustments as Trump Prepares for Next November's Midterm Elections May Again Impact Digital Assets (12.18-12.23)

Odaily星球日报12/23 10:48

PANews 2025 Public Chain Data Review: 'Naked Swimming' Moment, Who is Growing Against the Trend?

PANews's 2025 public chain data review reveals a year of market correction and divergence. While the total value locked (TVL) across 26 major chains saw minimal growth (5.89%), down sharply from 2024's 119% surge, key metrics highlighted a shift towards fundamentals. The average token price fell by 50%, with new chains like Movement (-95%) and Berachain (-92%) hit hardest. However, underlying on-chain activity surged. Total fees generated grew 60% to $16.75 billion, and aggregate DEX trading volume rose 88%. Solana dethroned Ethereum in DEX volume, processing $1.52 trillion, while BNB Chain grew significantly across most metrics. Hyperliquid emerged as a standout, with a 299% TVL increase and a staggering 9,389% fee growth. BNB Chain and Tron also posted gains. In contrast, Solana's TVL stagnated (+0.8%) and user activity fell, exposing its meme-coindependency. Sui faced significant price pressure from token unlocks. Stablecoin market cap saw a "full bull market," with Solana leading growth at +196%. Funding data showed fewer but larger deals, with Polygon topping total capital raised due to Polymarket's mega-round. The year marked a pivot from "narrative" speculation to a focus on real revenue, user retention, and sustainable ecosystems, setting the stage for a more mature infrastructure landscape in 2026.

marsbit12/23 08:23

PANews 2025 Public Chain Data Review: 'Naked Swimming' Moment, Who is Growing Against the Trend?

marsbit12/23 08:23

One Year into the Trump Administration: The Transformation of the U.S. Crypto Industry

The Trump administration's first year in its new term has marked a dramatic shift in U.S. cryptocurrency policy, moving from a stance of control to one of integration. The core objective is to bring the crypto industry under the same regulatory framework as traditional finance. Key agencies—including the SEC, CFTC, and OCC—have introduced new rules and adjusted existing ones to systematically incorporate crypto into the financial system. The SEC, under new leadership, shifted from enforcement-led regulation to creating clearer standards for token classification. The CFTC recognized Bitcoin and Ethereum as commodities and allowed their use as collateral in derivatives trading. The OCC began granting national trust bank charters to major crypto firms like Circle and Ripple, integrating them into the federal banking system. Congress also passed the GENIUS Act, establishing clear standards for stablecoin issuance and reserves. Despite internal tensions and ongoing debates—such as those around privacy tools like Tornado Cash—the U.S. is advancing on multiple fronts: refining regulations, supporting infrastructure, and encouraging institutional adoption. The overall strategy aims to reduce market uncertainty, foster innovation, and position the U.S. as a global center for the crypto industry.

marsbit12/23 07:10

One Year into the Trump Administration: The Transformation of the U.S. Crypto Industry

marsbit12/23 07:10

Hong Kong Proposes New Rules To Allow Crypto Investments For Insurers – Report

Hong Kong's Insurance Authority has proposed new rules to allow insurers to invest in cryptocurrencies and stablecoins, as part of the city's broader strategy to become a global digital asset hub. The proposal, subject to public consultation from February to April 2026, would impose a 100% risk charge on crypto assets, requiring insurers to hold reserves equal to their crypto investments. Stablecoins would be treated differently, with risk charges based on the fiat currency they are pegged to. The move aims to support the insurance industry and economic development. Separately, the Hong Kong Monetary Authority is expected to issue its first stablecoin licenses in early 2026, though mainland China's strict stance against stablecoins may complicate applications involving Chinese institutions or the yuan.

bitcoinist12/23 07:01

Hong Kong Proposes New Rules To Allow Crypto Investments For Insurers – Report

bitcoinist12/23 07:01

How US banks are quietly preparing for an onchain future

US banks are methodically preparing for an onchain future by focusing on tokenizing traditional financial products like deposits, funds, and custody services, rather than speculative crypto assets. Key initiatives include JPMorgan’s JPM Coin and Citi’s Token Services for institutional payments, as well as experiments with tokenized money market funds and real-world assets. These efforts are largely occurring in wholesale payments and settlement, with strong regulatory oversight. Major banks are also building compliant custody solutions for digital assets. Regulators are permitting these activities within tightly supervised frameworks, emphasizing risk management and operational resilience. This incremental shift is reshaping financial infrastructure with embedded automation, real-time settlement, and reduced counterparty risk.

cointelegraph12/22 17:25

How US banks are quietly preparing for an onchain future

cointelegraph12/22 17:25

JPMorgan explores crypto trading for institutional clients: Report

JPMorgan Chase is reportedly exploring the launch of cryptocurrency trading services for its institutional clients, marking a significant expansion into digital assets. According to Bloomberg, the bank is assessing potential offerings, including spot and derivatives trading, in response to growing client interest and a shifting regulatory landscape in the U.S. This move represents a notable shift from CEO Jamie Dimon’s previous criticism of Bitcoin, though he has expressed support for stablecoins and blockchain technology. The development follows similar initiatives by other financial institutions, such as France’s BPCE and BNY Mellon, which are also expanding their crypto services.

cointelegraph12/22 15:58

JPMorgan explores crypto trading for institutional clients: Report

cointelegraph12/22 15:58

Vietnam Crypto Payments Field Report: From Street Stalls to Coffee Shops

Vietnam, a top-ranked country in global crypto adoption, presents a fascinating case study in real-world use of digital currencies. This on-the-ground exploration reveals a complex ecosystem where crypto payment adoption is both emerging and encountering hurdles. The author's experience began when a spa owner in Nha Trang offered a discount for cash over credit card payments, citing high fees and tax implications. This preference for cash hinted at a potential openness to dollar-denominated stablecoins like USDT. Subsequent testing showed that using a crypto wallet (Bitget Wallet) for everyday purchases—from ride-hailing and street food to massages—was often seamless, thanks to widespread acceptance of the VietQR system. The experience was described as nearly equivalent to using Alipay. However, a failed payment at a seafood restaurant exposed a critical vulnerability. A transaction from the crypto wallet showed as completed on-chain but failed to register on the merchant’s older, non-standard QR system, highlighting compatibility issues and the "last mile" problem for crypto payments. Public perception also varies greatly. In northern cities like Hanoi, crypto is often viewed negatively, associated with money laundering and gambling. This contrasts sharply with the vibrant, tech-savvy crypto culture observed in the south, particularly in Ho Chi Minh City, where young people in cafes are seen trading on Binance or even writing Solidity code. This creates a "Vietnamese crypto fold": a dichotomy between a surface-level skepticism and a deep, grassroots penetration of digital assets, driven by a young population eager for financial advancement. The author concludes that Vietnam’s demographic trends and open attitude position it as a key economy to watch for Web3 growth in the next decade.

比推12/22 15:07

Vietnam Crypto Payments Field Report: From Street Stalls to Coffee Shops

比推12/22 15:07

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