# 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.

Decrypting the 2025 Crypto Wealth Map: 12 Winners and the Next Wave of Opportunities

The year 2025 marked a pivotal shift for the crypto industry, transitioning from a "recovery year" to one where infrastructure gained mainstream recognition. Key winners emerged, fundamentally reshaping the financial landscape. The U.S., under the Trump administration, became a dominant force by enacting pro-crypto policies like the GENIUS Act and banning CBDCs, positioning itself as a global crypto hub. U.S. spot ETFs, led by products like IBIT, saw massive institutional inflows, with Ethereum, Solana, and XRP ETFs gaining traction. Solana (SOL) evolved beyond a "meme coin casino" to become a core liquidity layer, with on-chain volumes surpassing major centralized exchanges. Base, an Ethereum L2 by Coinbase, leveraged its user base to drive consumer crypto adoption. Ripple and XRP overcame legal challenges, leading to ETF approvals and transforming into a liquidity engine. Privacy coins like Zcash surged, shedding their stigma and attracting institutional interest for compliant use cases. Real-World Assets (RWA) tokenization grew significantly, with SEC support enabling traditional finance integration. Stablecoins surpassed a $300B market cap, cementing their role as critical financial infrastructure. Perpetual DEXs broke credibility barriers, recording $1.2T in monthly volume as traders migrated from CEXs. Prediction markets like Polymarket gained legitimacy, bridging gambling and finance. Hong Kong emerged as a key Asian hub, with growing ETP volumes and a robust regulatory framework for exchanges and stablecoins. Finally, early crypto believers were vindicated as major institutions entered the market, validating their long-term thesis. These winners collectively drove structural shifts, setting the stage for continued innovation and integration in 2026.

比推12/25 15:21

Decrypting the 2025 Crypto Wealth Map: 12 Winners and the Next Wave of Opportunities

比推12/25 15:21

Will the United States Use Encryption Technology to Resolve the 37 Trillion Dollar Debt Crisis?

The article explores the United States' potential use of cryptocurrency and stablecoins to manage its $37 trillion national debt, as suggested by a senior advisor to Russian President Putin. The core idea is that the U.S. could leverage its control over the global reserve currency to "export" inflation and effectively devalue its debt through digital asset systems, forcing other nations to bear the cost. This would not involve direct default but rather a strategic devaluation via monetary expansion, a historically common tactic. Stablecoins, backed by U.S. Treasury assets, could distribute this debt globally. As adoption grows, losses from dollar inflation would be shared by all stablecoin holders worldwide, not just U.S. citizens. This system offers the control of a central bank digital currency (CBDC) without the political baggage. However, trust remains a critical issue: stablecoin reserves cannot be fully independently audited, and the U.S. could unilaterally change rules, as it did when decoupling the dollar from gold in 1971. While a direct government move—like selling gold to buy Bitcoin, as proposed by MicroStrategy’s Michael Saylor—is unlikely, the U.S. may instead allow private companies to lead the adoption. Firms like MicroStrategy accumulating Bitcoin could serve as a backdoor for eventual state interest. The article concludes that some form of digital asset strategy to address the debt crisis is probable, though it may unfold gradually and discreetly.

比推12/25 14:48

Will the United States Use Encryption Technology to Resolve the 37 Trillion Dollar Debt Crisis?

比推12/25 14:48

On-Chain Metrics Practical Guide: Identifying Real Signals, Avoiding Data Traps

A practical guide to on-chain metrics for traders, focusing on identifying genuine signals and avoiding data traps. Key concepts include distinguishing between transaction fees (user-paid costs), protocol revenue (actual earnings), and MEV (maximal extractable value), emphasizing that sustainable revenue matters more than high fees. Total Value Locked (TVL) is often misleading due to double-counting, incentive-driven "mercenary capital," and idle stablecoins. Traders should analyze TVL alongside transaction volume and incentives. Daily Active Addresses (DAA) can be inflated by bots and airdrop farmers; it’s only meaningful when correlated with fees and real activity. Cross-chain bridges enable asset transfers but carry risks like smart contract vulnerabilities and centralization. Monitor bridge volumes for liquidity flow insights. Stablecoin supply acts as crypto’s money supply (M2); increasing supply suggests market liquidity, while decreases may signal withdrawals. Token unlocks and emissions create sell pressure; avoid tokens nearing large unlocks unless trading short-term. The ratio of transaction volume to TVL indicates capital efficiency—high ratios reflect active usage, while low ratios suggest "ghost liquidity." In summary, on-chain metrics are analytical tools, not absolute truths. Cross-verify signals and interpret data contextually for informed decisions.

比推12/25 13:06

On-Chain Metrics Practical Guide: Identifying Real Signals, Avoiding Data Traps

比推12/25 13:06

World Cup 'Stress Test': How to Interpret the Development Prospects of Prediction Markets Next Year?

Summary: The 2026 FIFA World Cup is set to be a major stress test for the prediction market industry, which has moved from niche experimentation to mainstream adoption in 2025. Growth is now driven by distribution through major platforms like Robinhood, DraftKings, and FanDuel, rather than pure product innovation. The key constraint is no longer demand but the ability to operate at scale within strict regulatory frameworks, particularly in the US where the CFTC and state regulators are actively defining legal boundaries. The industry is bifurcating: compliant, licensed platforms are focusing on regulatory design and geographic rollout strategies, while crypto-native platforms like Polymarket are seeking legitimacy through acquisitions and enhanced controls. The 2026 World Cup will test infrastructure on liquidity, settlement integrity, and compliance under peak load. The long-term winners will be those that combine deep liquidity, regulatory trust, and seamless user experience, likely within larger financial super-apps.

marsbit12/25 10:08

World Cup 'Stress Test': How to Interpret the Development Prospects of Prediction Markets Next Year?

marsbit12/25 10:08

Huobi Growth Academy | 2025 In-Depth Crypto Market Research Report: Institutions, Stablecoins, and Regulation, 2025 Crypto Market Review and 2026 Outlook

The 2025 crypto market marked a structural turning point, shifting from retail-driven speculation to an institutionally-dominated landscape. Capital inflows via ETFs and regulated channels transformed market dynamics, reducing volatility but increasing sensitivity to macro interest rates. Stablecoins evolved into core global settlement infrastructure, with RWA (particularly on-chain U.S. Treasuries) scaling significantly, merging crypto with traditional finance. Regulatory clarity lowered institutional barriers, accelerating adoption of crypto as a configurable, auditable financial infrastructure. However, vulnerabilities in algorithmic and yield-bearing stablecoins exposed systemic risks, highlighting the need for transparency and quality differentiation. Looking to 2026, key variables include the cost of compliant capital, the quality of on-chain dollar systems, and the sustainability of real yield. Success will favor infrastructure and assets that thrive under capital, yield, and regulatory constraints.

深潮12/25 09:19

Huobi Growth Academy | 2025 In-depth Crypto Market Research Report: Institutions, Stablecoins, and Regulation, 2025 Crypto Market Review and 2026 Outlook

The 2025 crypto market underwent a structural transformation driven by three key shifts: institutional adoption, the maturation of the on-chain dollar system, and regulatory normalization. Institutional capital became the marginal buyer via ETFs and regulated vehicles, reducing volatility but increasing sensitivity to macro factors like interest rates. The market shifted from narrative-driven speculation to liquidity-driven, macro-sensitive asset allocation. Stablecoins evolved into core infrastructure, serving as the primary settlement layer and dollar proxy for on-chain economy, with transaction volumes rivaling major payment systems. Real-World Assets (RWA), particularly tokenized U.S. Treasuries, scaled significantly, introducing low-risk yield curves on-chain and merging DeFi with traditional finance. However, algorithmic and yield-bearing stablecoin failures exposed systemic fragility due to leverage and opacity. Regulatory clarity reduced institutional entry barriers, turning compliance into a competitive moat. Valuation models began incorporating regulatory costs, legal stability, and compliance efficiency, shifting focus from growth metrics to sustainable infrastructure. Looking ahead to 2026, key variables include macro liquidity conditions, the quality stratification of on-chain dollar instruments, sustainability of real yields, and the institutional moats built around compliance and distribution. The winners will be assets and infrastructures that thrive within these new constraints of capital, yield, and regulation.

marsbit12/25 08:49

Despite a Challenging 2025 Crypto Market, These 12 Players Emerge as Winners

The crypto market faced challenges in 2025, but key winners emerged as the industry gained regulatory clarity and shifted from speculation to financial infrastructure. Major developments include pro-crypto U.S. policies under Trump, including the GENIUS Act and Bitcoin reserve directives. Spot ETFs, led by IBIT, gained massive inflows, with Ethereum, Solana, and XRP ETFs approved. Solana solidified its role as a global liquidity layer, while Ripple resolved its SEC lawsuit and expanded into institutional payments. Real-World Assets (RWA) grew significantly, with tokenization exceeding $20 billion. Stablecoin market cap hit $300 billion, supported by clear regulations. Hong Kong became a top ETP hub, and Base emerged as a key platform for consumer apps. Zcash advanced privacy coin legitimacy, perpetual DEXs gained market share, and prediction markets saw record growth. Early crypto adopters were ultimately validated as institutions like BlackRock entered the space.

marsbit12/25 05:07

Despite a Challenging 2025 Crypto Market, These 12 Players Emerge as Winners

marsbit12/25 05:07

Ten Individuals Redefining the Power Boundaries of Cryptocurrency in 2025

Ten individuals are redefining the boundaries of power in the cryptocurrency world in 2025, a year marked by institutionalization rather than just a bull market or regulatory compliance. Wall Street capital, sovereign wealth funds, and pension funds have systematically embraced crypto. Bitcoin, propelled by corporate adoption led by Strategy (formerly MicroStrategy) and ETF inflows, reached a new high of $126,000. Stablecoins like USDT and USDC became integral to global payment systems. Key figures include: - Donald Trump, who leveraged political influence to launch a personal token and enact crypto-friendly policies, including the GENIUS Act. - Michael Saylor, pioneer of corporate Bitcoin treasury strategy. - Tom Lee, a bridge between Wall Street and crypto, advocating institutional adoption. - CZ (Changpeng Zhao), who regained influence post-pardon, reshaping exchange dynamics and meme coin trends. - Vitalik Buterin, balancing Ethereum’s decentralization ethos with its role as global infrastructure. - Kim Jong-un, whose regime exploited crypto hacking for funding, highlighting geopolitical risks. - Elon Musk, whose actions and holdings significantly sway markets. - Justin Sun, adept at navigating and leveraging regulatory and market systems. - Brian Armstrong, leading Coinbase’s compliance and infrastructure expansion. - Peter Thiel, building a crypto financial empire through strategic investments in infrastructure. 2025 signifies crypto’s transformation from a rebellious alternative to a core component of the global financial system, raising questions about centralization amidst institutional adoption.

深潮12/25 04:26

Ten Individuals Redefining the Power Boundaries of Cryptocurrency in 2025

深潮12/25 04:26

Stablecoins hit $310B ATH, but macro and regulatory questions arise

Stablecoin market capitalization reached an all-time high of $310 billion, signaling structural maturity in crypto markets. USDT dominated with over 60% share, while Ethereum and Tron hosted most of the supply. Liquidity accumulation during muted volatility reflected defensive capital positioning rather than speculative excess. Tokenized assets, led by stablecoins, surpassed $325 billion, with tokenized Treasuries nearing $7.5 billion. Analysts project stablecoin supply could hit $500 billion by 2026, potentially attracting regulatory scrutiny as adoption grows, especially in emerging markets. Investors maintained cautious positioning, keeping liquidity ready for deployment rather than aggressively rotating into risk assets.

ambcrypto12/25 03:07

Stablecoins hit $310B ATH, but macro and regulatory questions arise

ambcrypto12/25 03:07

Tiger Research: One Year into the Trump Administration, the Transformation of the U.S. Crypto Industry

Under the Trump administration's second term, the U.S. has aggressively shifted toward pro-cryptocurrency policies, aiming to integrate the industry into the existing financial regulatory framework rather than suppress it. Over the past year, key agencies including the SEC, CFTC, and OCC have implemented significant changes: the SEC moved from enforcement-heavy approaches to creating clearer rules for token classification; the CFTC recognized Bitcoin and Ethereum as commodities and allowed their use as collateral; the OCC granted national trust bank charters to major crypto firms like Circle and Ripple, enabling federal-level operations. Congress passed the GENIUS Act, establishing strict reserve requirements for stablecoins. Despite internal tensions—such as debates over privacy tools like Tornado Cash—the U.S. is advancing a cohesive strategy to absorb crypto into traditional finance, reducing uncertainty while supporting innovation and aiming to position itself as the global center for the industry.

marsbit12/25 02:16

Tiger Research: One Year into the Trump Administration, the Transformation of the U.S. Crypto Industry