# Сопутствующие статьи по теме Stablecoins

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

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

比推03/09 21:23

Treasury’s GENIUS Act Report Backs Mixers, But Wants a New ‘Hold Law’ For Crypto

The U.S. Treasury's GENIUS Act report acknowledges the legitimate privacy benefits of cryptocurrency mixers for lawful users, such as protecting personal or business transactions. However, it highlights the misuse of these tools by illicit actors like North Korean cyber units and ransomware groups to launder funds. To address this, the report proposes a new "digital-asset-specific hold law" that would allow regulated platforms to temporarily freeze suspicious transactions, giving law enforcement time to act without disrupting legitimate privacy-focused usage. The report is part of a broader effort to balance financial innovation and security under the GENIUS Act framework.

bitcoinist03/09 16:32

Treasury’s GENIUS Act Report Backs Mixers, But Wants a New ‘Hold Law’ For Crypto

bitcoinist03/09 16:32

Solana transfers $650B in stablecoins – Liquidity flows away from Ethereum

Stablecoin transaction volumes have grown significantly, with combined monthly flows regularly approaching $700 billion in late 2024 and early 2025, led by Ethereum and Tron. However, a structural shift occurred in 2025 as Solana's low fees and high throughput attracted increasing settlement activity. By February, Solana processed approximately $650 billion in stablecoin transfers, surpassing other networks. This growth reflects stablecoins' evolution from trading instruments to core operational infrastructure for payments, DeFi, and institutional use. Global stablecoin volume reached around $1.8 trillion, underscoring deeper integration into digital finance as the primary settlement layer.

ambcrypto03/09 06:02

Solana transfers $650B in stablecoins – Liquidity flows away from Ethereum

ambcrypto03/09 06:02

After the Elevated Status of Stablecoins, Old Partners Circle and Stripe Compete for Each Other's Turf

Circle and Stripe, once complementary partners in the stablecoin ecosystem, are increasingly competing as their strategic expansions converge. Circle, the issuer of USDC, is moving beyond its role as a stablecoin provider by developing its own payment infrastructure, including the Arc blockchain and the Circle Payments Network (CPN), to capture more value from transaction flows. Meanwhile, Stripe, a global payment processor, is expanding downward into stablecoin infrastructure by acquiring Bridge (which recently received conditional approval for a trust bank charter) and investing in blockchain initiatives like Tempo. This shift reflects a broader trend where stablecoin players are integrating vertically to control more of the financial stack, transforming from asset issuers to infrastructure builders. As stablecoins evolve into a foundational financial technology, competition is shifting from scale to control over the networks that move digital dollars.

marsbit03/09 05:08

After the Elevated Status of Stablecoins, Old Partners Circle and Stripe Compete for Each Other's Turf

marsbit03/09 05:08

Tokenized RWAs grow 4x to $25B – Is $50B by 2030 next target?

Tokenized Real World Assets (RWAs) experienced explosive growth, surging 4x to reach $24.9 billion in value over the past year, driven by institutional demand. U.S. Treasuries and commodities led this expansion, accounting for 58% of the growth. Major players like BlackRock and Ondo Finance saw their tokenized assets hit $2.2 billion and $2 billion, respectively. Concurrently, the number of RWA holders across major blockchains reached a record high, exceeding 663,000, with Ethereum and Solana leading in holder counts. If the current growth trajectory continues, the total value of tokenized RWAs is projected to exceed $50 billion by 2030, with represented assets potentially surpassing $1 trillion.

ambcrypto03/09 03:03

Tokenized RWAs grow 4x to $25B – Is $50B by 2030 next target?

ambcrypto03/09 03:03

North Korea steals $2.8B in 2 years – Here’s what U.S. Treasury wants to do

The U.S. Treasury is intensifying efforts to combat illicit financial activities involving digital assets, as highlighted in a report under the GENIUS Act. The study identifies significant risks, particularly with stablecoins, which accounted for 84% of illicit crypto transactions in 2025. The Treasury recommends enhanced monitoring using AI and real-time blockchain analytics, and proposes treating major stablecoin issuers like regulated financial institutions. The report also underscores growing threats from state-backed actors, notably North Korea, which stole an estimated $2.8 billion in crypto over two years to fund weapons programs. These findings support legislative push for acts like the CLARITY Act to establish clearer regulatory frameworks for digital assets.

ambcrypto03/09 01:02

North Korea steals $2.8B in 2 years – Here’s what U.S. Treasury wants to do