# Сопутствующие статьи по теме Finance

Новостной центр HTX предлагает последние статьи и углубленный анализ по "Finance", охватывающие рыночные тренды, новости проектов, развитие технологий и политику регулирования в криптоиндустрии.

Written at the End of 2025: Code, Power, and Stablecoins

"Stablecoins have firmly established themselves as the foundational infrastructure for the next decade of financial services, with the market surpassing $300 billion in 2025. This growth is driven by a fundamental shift in trust: relying on transparent, verifiable code and math rather than opaque promises from centralized intermediaries, as starkly illustrated by the Synapse bankruptcy. Self-custody models change risk dynamics, eliminating intermediary risk (though not issuer risk) and reducing the necessity for traditional insurance like FDIC. Stablecoins offer inherent global reach, with the main bottleneck being local fiat on/off-ramps rather than rebuilding entire banking stacks per country. The emergence of payment-specific blockchains like Tempo and Arc faces the challenge of building trust from scratch, competing with the established security of networks like Solana and Ethereum. The real potential of 'agentic finance' lies in automating mundane financial tasks through smart contracts with enforced permission boundaries, providing security that traditional systems cannot. However, the rapid growth attracts teams with inadequate security practices, a critical misstep for financial infrastructure. Furthermore, as real business activity moves on-chain, solving for privacy through selective disclosure—not full anonymity—becomes crucial to prevent competitive intelligence leaks. The true opportunity lies not just in rebuilding existing fintech more efficiently but in leveraging programmable money and internet-native capital markets to reimagine financial services entirely."

marsbit12/29 01:35

Written at the End of 2025: Code, Power, and Stablecoins

marsbit12/29 01:35

Written at the End of 2025: Code, Power, and Stablecoins

By the end of 2025, stablecoins have firmly established themselves, with a market cap surpassing $300 billion—a growth of nearly $100 billion in under a year. This growth reflects institutional confidence, with major banks projecting multi-trillion dollar valuations in the coming years. Stablecoins are no longer just a crypto narrative but a fundamental shift in monetary infrastructure, built on code and verifiable trust rather than opaque intermediaries. The failure of Synapse highlighted the risks of traditional fintech: hidden counterparty risk and unverifiable accounting. In contrast, self-custodied stablecoins eliminate intermediary risk, though issuer risk remains—mitigated by transparent reserve proofs and on-chain monitoring. Stablecoins enable global reach from day one, bypassing the need for localized banking infrastructure. The bottleneck remains fiat on/off-ramps, but modular solutions allow for gradual integration. New purpose-built blockchains like Tempo and Arc aim to optimize payments but face trust barriers compared to battle-tested networks like Ethereum and Solana. Agentic finance presents a near-term opportunity in automating mundane financial tasks, with smart contracts enabling secure, permission-bound automation. However, security remains critical: rapid growth must not compromise operational rigor. Privacy is another key challenge, as real-world business adoption requires selective disclosure—proving compliance without exposing sensitive data. The true potential of stablecoins lies beyond replicating existing fintech—it’s in unlocking programmable money, internet-native capital markets, and reimagining financial services through verifiable, autonomous systems.

比推12/26 19:38

Written at the End of 2025: Code, Power, and Stablecoins

比推12/26 19:38

Stepping into the Stablecoin Wave for Six Years, He Sees the Embryonic Form of the Future of Payments

"Six years into the stablecoin wave, Raj Parekh, former head of crypto at Visa and now leading payments at Monad, reflects on the evolution and future of digital payments. He identifies 2019 and Facebook’s Libra project as a pivotal moment that forced traditional finance to take crypto seriously. At Visa, he led efforts to integrate USDC for near-instant settlement, overcoming slow, costly legacy systems. Parekh later founded Portal Finance to build payment infrastructure, but encountered scalability limitations across blockchains. This led to Portal’s acquisition by Monad, where he now focuses on high-performance, EVM-compatible chains capable of sub-second finality—critical for global payment adoption. He sees stablecoins entering a "email moment" for money: enabling instant, low-cost global value transfer. New business models are emerging where issuers share interest earnings with users, transforming stablecoins into interest-bearing assets even during transactions. This shift, coupled with supportive regulation like the GENIUS Act, is driving broader institutional adoption. Looking ahead, Parekh is excited about AI-powered agentic payments and high-frequency finance, where autonomous agents execute microsecond-speed transactions. He envisions a future where decentralized infrastructure seamlessly integrates into everyday apps, enabling global, efficient, and programmable money movement—ushering in a new era for both finance and user experience."

marsbit12/26 05:40

Stepping into the Stablecoin Wave for Six Years, He Sees the Embryonic Form of the Future of Payments

marsbit12/26 05:40

Why Gen Z Wants Crypto on Their Christmas Wish List

Gen Z is leading the shift toward cryptocurrency as a preferred holiday gift, with 45% expressing excitement about receiving crypto compared to just 28% of all U.S. adults, according to a December 2025 Visa survey. This generation views digital assets like Bitcoin as a hedge against inflation and a pathway to financial independence, driven by crypto’s strong long-term performance and growing institutional adoption. Despite recent market dips, Gen Z remains enthusiastic, partly due to economic constraints that make crypto gifting an accessible investment opportunity. For those cautious about volatility, alternatives like Bitcoin ETFs, small educational amounts, stablecoins, or hardware wallets offer safer entry points. This trend underscores a broader generational move toward digital finance and reflects crypto’s transition into mainstream acceptance.

ccn.com12/25 15:14

Why Gen Z Wants Crypto on Their Christmas Wish List

ccn.com12/25 15:14

Circle 2025 Year in Review: Building a Full-Stack Crypto Economy Platform

Circle's 2025 Year in Review highlights the successful construction of its full-stack encrypted economic platform, driven by key regulatory breakthroughs and global expansion. The passage of the U.S. GENIUS Act and the implementation of the EU’s MiCA framework provided regulatory foundation for full-reserve stablecoins, positioning them as core components of the global financial system. Circle’s strategy revolves around three pillars: trusted digital assets (USDC, EURC, USYC), real-world applications, and the Arc blockchain. USDC’s market cap grew 75% to $77B, EURC surged 328%, and USYC reached $1.54B in AUM. Major institutional partnerships were formed with ICE, Deutsche Börse, Finastra, FIS, and others, integrating stablecoins into payments, clearing, and treasury management. The Circle Payments Network (CPN) enabled real-time cross-border transactions, while StableFX reformed foreign exchange with on-chain settlement. The company also advanced AI agent payments and launched the Arc blockchain—an EVM-compatible L1 designed for real-world economic activity, which saw strong institutional interest during its testnet phase. Circle expanded financial inclusion through initiatives like its partnership with Nubank, serving 127M users in Latin America, and its “1% Pledge” program supporting普惠金融globally. The report concludes that 2025 marked a turning point in the transition toward an open, programmable, and internet-native financial system.

深潮12/25 01:54

Circle 2025 Year in Review: Building a Full-Stack Crypto Economy Platform

深潮12/25 01:54

Ghana Officially Legalizes Crypto Trading Following Passage Of Key Legislative Bill

Ghana's parliament has passed the Virtual Asset Service Providers bill, legalizing and regulating cryptocurrency trading in the country. The legislation establishes a licensing framework for crypto platforms under the oversight of the Bank of Ghana and the Securities and Exchange Commission. Governor Johnson Asiama emphasized that the move aims to bring accountability to the growing digital asset sector, lower costs for financial institutions, and enhance Ghana's financial competitiveness. The country also plans to explore gold-backed stablecoins by 2026. Currently, about 17% of Ghanaian adults have engaged in crypto, with transactions reaching $3 billion in the past year. The development places Ghana among other African nations like Nigeria and South Africa that are advancing crypto regulation.

bitcoinist12/24 08:21

Ghana Officially Legalizes Crypto Trading Following Passage Of Key Legislative Bill

bitcoinist12/24 08:21

Amplify ETFs for stablecoins, tokenization go live for trading

Amplify has launched two new exchange-traded funds: the Amplify Stablecoin Technology ETF (STBQ) and the Amplify Tokenization Technology ETF (TKNQ), both now trading on NYSE Arca. These ETFs track indexes of companies involved in stablecoin and tokenization infrastructure, including major players like Visa, Circle, Mastercard, PayPal, BlackRock, and JPMorgan. The launch comes amid growing regulatory clarity in the U.S. and Europe, with laws like the GENIUS Act and MiCA positioning stablecoins as compliant digital finance tools. Tokenization and stablecoins have gained significant traction this year as institutions explore digitizing traditional financial services.

cointelegraph12/24 03:11

Amplify ETFs for stablecoins, tokenization go live for trading

cointelegraph12/24 03:11

MicroStrategy's Bitcoin Flywheel: How Long Can It Last?

MicroStrategy, now rebranded as Strategy Inc., has transformed from a business intelligence software provider into a global Bitcoin-focused holding company, with approximately 670,000 BTC—about 3.2% of the total supply—as of mid-December 2025. Its core strategy relies on a "Bitcoin flywheel" effect: leveraging the premium of its stock (MSTR) over its Bitcoin holdings to fund further Bitcoin acquisitions through equity and debt issuances. The company employs three primary funding methods: an At-The-Market (ATM) equity program to capitalize on stock premiums, perpetual preferred shares attracting tax-advantaged investors, and an ambitious "42/42 Plan" aiming to raise $84 billion by 2027 to buy more Bitcoin. Despite rumors of Bitcoin sales, recent large transfers were confirmed as security-related wallet rotations, not liquidations. However, significant risks threaten this model. MSCI index may reclassify MicroStrategy as an "investment vehicle" rather than an operating company, potentially triggering massive institutional sell-offs. If MSTR’s premium over NAV disappears, the funding mechanism would stall. Additionally, the company carries substantial debt and preferred dividend obligations, though it maintains a $1.44 billion USD reserve as a buffer. While its software business continues modest growth, it operates at a cash flow loss. MicroStrategy’s future hinges on maintaining investor confidence, navigating regulatory classifications, and sustaining financial innovation amid volatility.

比推12/23 15:08

MicroStrategy's Bitcoin Flywheel: How Long Can It Last?

比推12/23 15:08

Coinbase Announces Acquisition Of The Clearing Company, Marking Its Tenth Purchase In 2025

Coinbase has announced its tenth acquisition of 2025, acquiring prediction market startup The Clearing Company. This move is part of Coinbase's broader strategy to transform into a comprehensive financial platform, integrating stocks, derivatives, and prediction markets. CEO Brian Armstrong aims to position Coinbase as an "Everything Exchange," reducing reliance on crypto trading amid growing competition. The deal, part of a major expansion that includes previous acquisitions like Deribit and Echo, is expected to close in January 2026. Additionally, Coinbase is launching new services like institutional asset tokenization and custom stablecoins to appeal to businesses and developers.

bitcoinist12/23 11:33

Coinbase Announces Acquisition Of The Clearing Company, Marking Its Tenth Purchase In 2025

bitcoinist12/23 11:33

Gold Prices Are Soaring Again and Again. Can Ordinary People Still Get on Board?

The price of gold has surged dramatically, rising from around $2,600 per ounce at the start of 2025 to over $4,400, while domestic prices in China broke through the ¥900–1,000 per gram mark. Against a backdrop of economic uncertainty, low returns on savings and wealth management products, and volatile equity markets, gold is re-emerging as a preferred asset for both individual and institutional investors. Gold serves as a reliable store of value and a hedge against instability, with its price often moving independently of stocks and bonds. Its historical role as a universal monetary asset makes it particularly attractive during periods of geopolitical tension and inflation. Over the past 20 years, gold denominated in RMB has delivered an average annual return of over 10%, outperforming many traditional investments. The concept of “gold+” is gaining traction—referring to multi-asset investment products that include a strategic allocation to gold (often 5–10%) alongside equities, bonds, and other assets. These products are designed to reduce volatility, improve risk-adjusted returns, and simplify decision-making for retail investors who may lack the expertise or discipline to manage gold exposure independently. Examples show that a portfolio with a 10% allocation to gold would have significantly outperformed a pure equity portfolio over the past decade. By integrating gold into a diversified strategy, “gold+” products offer a structured, long-term approach to wealth preservation and growth, making gold’s stability and defensive qualities accessible to everyday investors.

深潮12/23 06:52

Gold Prices Are Soaring Again and Again. Can Ordinary People Still Get on Board?

深潮12/23 06:52

活动图片

Популярные категорииright-arrow

Популярные тегиright-arrow

Market Analysis

Industry News