# 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.

AI Payment Undercurrents: Google Brings 60 Allies, Stripe Builds Its Own Entire Road

The AI payment war is intensifying as major tech companies race to control the infrastructure for AI-driven transactions. Google has formed an alliance with over 60 traditional financial and tech companies, including Mastercard and PayPal, to establish the "AI Agent Payment Protocol." Meanwhile, Stripe has taken a more independent approach by acquiring key companies like Bridge (for stablecoin capabilities) and Privy (for wallet technology), co-developing the Tempo blockchain with Paradigm, and launching the Agentic Commerce Protocol (ACP) with OpenAI. This allows AI platforms like ChatGPT to enable seamless, in-chat payments without redirecting users. At the heart of the conflict is the "toll" for processing AI transactions. Stripe’s strategy involves building a full-stack solution—from stablecoin accounts and blockchain infrastructure to banking licenses—while Google’s coalition relies on established financial networks. Notably, Circle and its USDC stablecoin emerge as a likely winner regardless of which camp dominates, as both ecosystems depend on compliant, auditable digital dollars for settlement. The broader implication is the need for a financial system capable of supporting autonomous AI agents conducting economic activities. While Stripe envisions a future where AI handles end-to-end transactions, Google’s alliance prefers integrating AI with existing human-centric systems. Regardless, the adoption of stablecoins for AI payments is accelerating, with regulatory and consumer protection questions remaining unresolved. The infrastructure is being built rapidly, and the toll collection has already begun.

marsbit02/23 07:34

AI Payment Undercurrents: Google Brings 60 Allies, Stripe Builds Its Own Entire Road

marsbit02/23 07:34

Wintermute CEO: The Crypto Industry Has Lost Its Way, Only Personal Sovereignty Is the Path Worth Taking

Wintermute CEO Evgeny Gaevoy critiques the current state of the crypto industry, arguing it has lost its philosophical soul despite surface-level successes like institutional adoption and stablecoin growth. He identifies three potential futures: TradFi absorbing crypto (most likely but undesirable), governments surrendering to permissionless chains (unrealistic), or a parallel sovereign system coexisting independently (the only worthy path). Rejecting the allure of efficiency and convenience offered by centralized and regulated models, Gaevoy calls for a return to crypto’s core ethos: building unstoppable, censorship-resistant systems that prioritize individual sovereignty. This requires embracing true decentralization, privacy tools, algorithmic stablecoins, and infrastructure resistant to external control—creating exits for those seeking freedom from increasingly authoritarian systems.

marsbit02/23 02:13

Wintermute CEO: The Crypto Industry Has Lost Its Way, Only Personal Sovereignty Is the Path Worth Taking

marsbit02/23 02:13

How to View the Era of Neobanks After the Decline of Crypto?

The article explores the emergence of "crypto neobanks" as the next evolution in digital finance, moving beyond the interface-level improvements of fintech neobanks to rebuild the very backend of banking using blockchain technology. It frames banking around four core functions—Store, Spend, Grow, and Borrow—and analyzes how crypto is creating permissionless, global, and programmable alternatives for each. The piece maps the competitive landscape, from self-custody wallets (like MetaMask and Ledger) and stablecoin cards to on-chain trading (e.g., Hyperliquid) and lending protocols (e.g., Aave, Morpho). It argues that the path to success lies in capturing high-velocity money flows—starting with high-frequency activities like trading and borrowing before expanding to spending and storage. Key challenges include achieving privacy-compliance parity, enabling real-world composability with legacy systems, leveraging permissionlessness for global scale, and solving undercollateralized consumer lending—the "holy grail" for mass adoption. Ultimately, crypto neobanks aim not just to be new apps but to establish a new foundational轨道 (轨道) for how money moves.

marsbit02/22 06:13

How to View the Era of Neobanks After the Decline of Crypto?

marsbit02/22 06:13

Venezuela, Sanctioned and Kicked Out of the Dollar System by the U.S., Turns to USDT

Venezuela, heavily sanctioned by the US and cut off from the dollar system, has turned to USDT (Tether) to manage a significant portion of its national revenue, particularly from oil sales. An estimated 80% of the country's oil transactions are now conducted using the stablecoin. This shift was not a voluntary adoption of cryptocurrency but a necessity due to the inability to legally transact in USD. The Venezuelan government, which once banned stablecoins, now facilitates their use for both corporate and retail payments, including salaries and groceries. However, the use of cryptocurrencies like USDT remains limited in large-scale illicit activities, such as drug trafficking, where traditional cash-based and trade-based money laundering methods still dominate. US authorities have not emphasized crypto in recent indictments, suggesting that digital assets may not yet be practical for moving very large sums illicitly. Nonetheless, Venezuela’s embrace of a digital dollar sets a precedent for other nations under sanctions and may paradoxically reinforce the global dominance of the dollar.

marsbit02/22 06:06

Venezuela, Sanctioned and Kicked Out of the Dollar System by the U.S., Turns to USDT

marsbit02/22 06:06

Who Controls the Profit Rights of Digital Dollars? The Wall Street vs. Crypto Capital Game Behind the CLARITY Act

The CLARITY Act represents a pivotal U.S. legislative effort to regulate digital assets, moving beyond the infrastructure-focused GENIUS Act. It aims to end "regulation by enforcement" by granting the CFTC exclusive jurisdiction over digital commodities and the SEC over investment contracts. A major conflict emerged in the Senate over "yield-bearing stablecoins." Traditional banks, fearing massive deposit outflows and damage to their net interest margins, lobbied for a total ban on third-party stablecoin yields. The crypto industry, led by Coinbase, argued this would stifle innovation, deprive users of rightful earnings from underlying assets like Treasuries, and drive capital offshore. The debate reached a stalemate in early 2026, stalling the bill's progress. White House mediation set a March 1 deadline for a compromise. A proposed solution, the "Digital Markets Restructure Act," introduced a "Yield Neutrality" principle, decoupling yield rights from bank charters, and a "Residual-Risk Assessment Model" to regulate based on actual risk (enterprise, exposure, market) rather than outdated classifications. The outcome will profoundly impact the U.S. financial system: potentially deepening demand for U.S. Treasuries, lowering government borrowing costs, and extending dollar hegemony digitally. It forces traditional banks to digitize and could cause a major schism in DeFi, pushing compliant players toward institutionalization and smaller, non-compliant protocols offshore. The act ultimately decides who controls the profits of the digital dollar.

marsbit02/22 05:34

Who Controls the Profit Rights of Digital Dollars? The Wall Street vs. Crypto Capital Game Behind the CLARITY Act

marsbit02/22 05:34

The Economist: In Asia, Stablecoins Are Becoming the New Financial Infrastructure

Stablecoins are rapidly emerging as a new financial infrastructure across Asia, driven by real-world needs for efficient and low-cost transactions. Despite cautious or strict regulatory stances in countries like India, cryptocurrency adoption continues to thrive. India, which imposes heavy taxes and transaction fees, still leads the global crypto adoption index, with inflows reaching approximately $338 billion from mid-2024 to 2025. A key application is cross-border remittances. With 24 million migrant workers in Southeast Asia, traditional remittance fees averaging 6.5% per $200 transfer pose a significant burden. Stablecoins, unlike volatile cryptocurrencies like Bitcoin, offer a stable, fast, and accessible alternative. From January to July last year, global stablecoin transfers exceeded $4 trillion. Businesses are also adopting stablecoins to streamline payments, reducing intermediaries, delays, and costs. Monthly stablecoin transactions between enterprises surged from under $100 million in early 2023 to over $6 billion by mid-2025. Additionally, Asia’s vast gig economy—over 210 million workers—benefits from instant salary settlements via stablecoins, bypassing traditional banking delays. However, the same features that benefit legitimate transactions—speed, low cost, and accessibility—also risk being exploited for illicit activities. The future of stablecoins in Asia will depend on how effectively regulators balance innovation with oversight. Success could reshape global finance; failure may leave crypto with a practical—but illegal—use case.

marsbit02/22 04:12

The Economist: In Asia, Stablecoins Are Becoming the New Financial Infrastructure

marsbit02/22 04:12

From 'Punishment' to 'Acceptance': SEC's 2% Discount Tears Open Compliance Gap for Stablecoins

This article discusses a significant policy shift by the U.S. SEC regarding the capital treatment of payment stablecoins held by broker-dealers. On February 19, the SEC’s Division of Trading and Markets issued new guidance allowing broker-dealers to apply a 2% discount—rather than a punitive 100% haircut—to certain stablecoin holdings when calculating net capital requirements. This change aligns stablecoins with money market funds and other low-risk assets, making it financially viable for regulated entities to hold and use them. The move is seen as a major step toward integrating digital assets into mainstream finance. It follows the passage of the GENIUS Act in July 2025, which established a federal regulatory framework for payment stablecoins. The SEC’s guidance is designed to bridge the gap between existing rules and the new law, enabling broker-dealers to use stablecoins for settlement, trading, and tokenized securities without excessive capital penalties. The author highlights that this shift is part of a broader effort by the SEC to move away from enforcement-heavy regulation under former Chair Gary Gensler and toward a more structured, inclusive approach. The change is expected to encourage more institutional participation, improve liquidity, and support the use of stablecoins in cross-border payments and financial inclusion. However, challenges remain, including ongoing tensions between federal and state regulators and pending legislation to clarify the classification of digital assets. The 2% discount symbolizes a meaningful step toward recognizing stablecoins as legitimate financial tools within the U.S. regulatory system.

比推02/21 15:34

From 'Punishment' to 'Acceptance': SEC's 2% Discount Tears Open Compliance Gap for Stablecoins

比推02/21 15:34

Crypto Market Structure Bill Nears Finish Line, Says White House Digital Asset Director

Negotiations over the CLARITY Act, a market structure bill for crypto, advanced during a third White House meeting. Patrick Witt, the White House Digital Asset Director, described progress as significant and expressed optimism about meeting the deadline. The meeting included crypto industry reps from firms like Coinbase and Ripple, while banks were represented by trade associations. The White House took a more assertive role, introducing draft text that addressed banking concerns. A key point is that paying yield on idle stablecoin balances is off the table, shifting the debate to rewards for specific activities. The draft includes strong anti-evasion measures with potential daily penalties of $500,000 per violation. Banks continue to push for a study on deposit outflows. Further talks are expected as both sides work toward a compromise.

bitcoinist02/21 15:01

Crypto Market Structure Bill Nears Finish Line, Says White House Digital Asset Director

bitcoinist02/21 15:01

Blockchain Capital Partner: Crypto Assets Are Undergoing a Great Repricing

Despite achieving unprecedented success with record-breaking metrics—$33 trillion in stablecoin transaction volume, 3.2 billion retail transactions, and widespread adoption by major financial institutions and tech companies—the crypto industry is experiencing deep pessimism due to declining token prices. This divergence between fundamental success and market performance reflects a structural reassessment of where value accumulates. The core issue is a decoupling between product utility and token value. While infrastructure tokens (L1s, L2s, bridges, protocols) were expected to capture value, economic benefits are increasingly flowing to application-layer entities controlling user relationships and distribution—such as Phantom, Polymarket, Tether, and centralized exchanges like Coinbase. These players leverage routing power to commoditize underlying infrastructure, pushing value upward in the stack. This shift challenges long-held investment theses that assumed token holders would benefit directly from protocol-scale adoption. The market now demands explicit links between usage, revenue, and token value. While infrastructure remains relevant, tokens are evolving toward models that integrate application-layer economics or represent tokenized equity with cash-flow rights. The industry is transitioning from speculation and validation to a focus on sustainable value capture, where success requires not just building useful products but ensuring economic rewards align with contributions.

marsbit02/21 07:25

Blockchain Capital Partner: Crypto Assets Are Undergoing a Great Repricing

marsbit02/21 07:25

Pakistan launches crypto sandbox to advance regulation plans: Details

Pakistan has officially launched a crypto regulatory sandbox to advance its digital asset regulation plans. The Pakistan Virtual Assets Regulatory Authority (PVARA) will soon issue full guidelines for participants. The sandbox allows live testing of use cases like tokenization, stablecoins, and remittances under regulatory oversight. This initiative is part of Pakistan’s broader strategy to provide regulatory clarity, leveraging advice from Binance founder Changpeng Zhao. The country ranks high in global crypto adoption, and recent partnerships, including with World Liberty Financial, aim to explore stablecoins for cross-border transactions. PVARA has begun issuing No Objection Certificates as a step toward full licensing, with the sandbox helping identify compliance and anti-money laundering risks before the full framework rollout.

ambcrypto02/21 06:32

Pakistan launches crypto sandbox to advance regulation plans: Details

ambcrypto02/21 06:32

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