# 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.

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

Challenging Traditional Banks: FIN Captures the Large Payment Market with Instant Settlement and Low Fees

FIN, a startup founded by former Citadel employees, is challenging traditional banks by offering instant, low-fee, high-value cross-border payments using stablecoin technology. Initially launched as TipLink, a lightweight tool for crypto transfers via URLs, the company has rebranded and refocused on serving businesses and high-net-worth individuals with transactions worth millions of dollars. In December 2025, FIN raised $17 million in a Series A round led by Pantera Capital, with participation from Sequoia Capital and Samsung Next. The platform uses USDC as its settlement medium, enabling seamless conversion between fiat and digital assets while abstracting away technical complexities like gas fees and private keys. FIN aims to generate revenue through lower transaction fees compared to traditional alternatives and interest earned on stablecoins held in user wallets. With a team featuring backgrounds from Citadel, Google, Meta, and Chime, FIN is positioned to enhance efficiency in global trade and corporate finance through its institutional-grade payment solutions. Pilot programs for import-export businesses are expected to launch soon.

比推12/26 15:22

Challenging Traditional Banks: FIN Captures the Large Payment Market with Instant Settlement and Low Fees

比推12/26 15:22

How Are Stablecoins Evolving from Crypto Assets to New Payment Infrastructure?

"Stablecoins: From Crypto Assets to the Infrastructure of Next-Generation Payments" The article explores the evolution of stablecoins, tracing their journey from speculative crypto assets to foundational infrastructure for global payments. The narrative is framed through the experience of Raj Parekh, former head of Visa's cryptocurrency division and now leading payments at Monad. The pivotal moment was Facebook's 2019 Libra project, which forced traditional finance to seriously consider crypto. At Visa, Parekh's team pioneered using USDC on Ethereum for settlements, solving major inefficiencies like the slow, costly T+2 settlement cycles and the need for large pre-funded accounts. A key insight was that while the technology was powerful, the underlying infrastructure was immature. Parekh left to found Portal Finance, aiming to abstract away blockchain's complexity for developers. However, he encountered a fundamental bottleneck: the need for a high-performance, EVM-compatible chain to make payments truly viable at scale. This led to Portal's acquisition by Monad Foundation. The article highlights a major shift in stablecoin business models. Early issuers like Tether and Circle profited from the interest on reserve assets. Newer models, accelerated by legislation like the GENIUS Act, are passing this yield directly to users, creating a new financial primitive: money that earns interest even while being transacted. This infrastructure enables a new era of global fintech, allowing companies to build for a worldwide audience from day one, unlike traditional banks limited by geography. The future excites Parekh most in two areas: the convergence of AI Agents with high-frequency finance for microsecond transactions, and the fusion of investment and payment accounts into a single, abstracted user experience. The ultimate goal is a future where value moves at the speed of the internet, as seamlessly as sending an email, completely invisible to the end-user.

比推12/26 15:17

How Are Stablecoins Evolving from Crypto Assets to New Payment Infrastructure?

比推12/26 15:17

Crypto Market Trends from Pantera Capital. What Will Be Relevant in 2026

Pantera Capital's partner, Joey Yu, outlines key crypto trends for 2026. Major developments include the integration of AI into consumer crypto services for analytics and autonomous trading, the growth of capital-efficient on-chain lending with AI-driven credit scoring, and the expansion of gold-backed stablecoins as a key RWA segment. Prediction markets will bifurcate into financial (DeFi-integrated) and cultural (community-focused) sectors. The x402 protocol will evolve into a mainstream crypto payment solution, with Solana leading in transaction volume. Privacy-as-a-Service offerings will emerge for enterprises, and the threat of quantum computing will push institutions to secure old Bitcoin holdings. The DAT company market will consolidate, and governance token models will be challenged by new equity-like structures. Hyperliquid is predicted to dominate the perpetual futures DEX market, while proprietary AMMs will become multi-chain and handle most of Solana's volume. Finally, major fintech firms will adopt stablecoins for cross-border payments.

RBK-crypto12/26 12:08

Crypto Market Trends from Pantera Capital. What Will Be Relevant in 2026

RBK-crypto12/26 12:08

Three Giants Bet $17 Million, FIN Makes a Strong Entry into Cross-Border Payments

FIN, a startup founded by former Citadel employees, has raised $17 million in a Series A round led by Pantera Capital, with participation from Sequoia Capital and Samsung Next. The company aims to revolutionize cross-border payments by leveraging stablecoin technology to address inefficiencies in the traditional financial system, such as slow processing times, high fees, and complex procedures. Originally launched as TipLink—a lightweight tool for transferring crypto assets via URL links—FIN has pivoted to focus on high-value transactions for businesses and high-net-worth individuals. It uses USDC as its primary settlement medium, enabling instant, low-cost international transfers. Users can send funds to other FIN users, deposit directly into bank accounts, or use crypto channels, all while avoiding technical complexities like gas fees or private keys. The core team, including CEO Ian Krotinsky and CTO Aashiq Dheeraj, brings extensive experience from Citadel and other major firms. FIN generates revenue through transaction fees and interest earned on stablecoins held in wallets. With a pilot program for import-export enterprises upcoming, FIN aims to set a new standard for efficiency in global commercial payments.

marsbit12/26 10:01

Three Giants Bet $17 Million, FIN Makes a Strong Entry into Cross-Border Payments

marsbit12/26 10:01

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

Founder's Account: From Start to Abandonment, Why I'm No Longer Doing Web3 Payments

In this candid reflection, a serial entrepreneur shares their decision to step away from Web3 payment ventures after six months of deep immersion. Initially drawn by the promise of faster, more transparent, and globally efficient settlements—especially for cross-border and remote work scenarios—the founder quickly realized that the industry’s core challenges aren’t product-based but structural. Through on-the-ground research in places like Yiwu, Mexico, and Shuibei, they observed that real-world adoption of Web3 payments remains fragmented, relationship-dependent, and far from the scalable, product-driven opportunity often portrayed. The critical barrier? Dependence on banking relationships, compliance, licensing, risk management, and regulatory navigation—areas where small, agile teams lack the resources and long-term leverage. The author emphasizes that many seemingly profitable payment operations actually profit from risk tolerance, not operational excellence, and that sustainability hinges on resilience to regulatory and financial shocks. While still believing in Web3 payment’s long-term potential—especially as a back-end upgrade for global treasury management—they concluded that the sector demands deep industry assets, patience, and risk capital ill-suited to their team’s strengths. Instead, they plan to focus on the next layer: helping users navigate on-chain asset management and risk-aware investing, turning payment flows into sustainable value. This isn’t a rejection of Web3 payments but a pragmatic shift based on resource alignment and structural reality.

marsbit12/26 02:13

Founder's Account: From Start to Abandonment, Why I'm No Longer Doing Web3 Payments

marsbit12/26 02:13

2026 Crypto Predictions: Dragonfly’s Hadick Calls Outlook ‘Constructive’

Dragonfly general partner Rob Hadick expresses a constructive outlook for crypto in 2026, emphasizing long-term adoption trends over recent volatility. He highlights significant growth in stablecoins, noting they now handle 3% of cross-border payments and could see a tenfold increase. Prediction markets, like Polymarket, are also expanding beyond sports into broader financial use cases. Hadick avoids favoring Ethereum or Solana, stating both will coexist as the market matures, with Ethereum strong in value and stablecoins, and Solana optimized for high-volume, low-cost transactions. He remains optimistic about macroeconomic conditions, tokenization, and continued innovation driving the industry forward.

bitcoinist12/25 18:07

2026 Crypto Predictions: Dragonfly’s Hadick Calls Outlook ‘Constructive’

bitcoinist12/25 18:07

Top DeFi Trends to Watch in 2026

In 2026, DeFi is poised for significant evolution driven by three major trends. First, the stablecoin sector will address liquidity fragmentation through unified layers. Issuers like Circle and Tether are already advancing solutions such as cross-chain protocols and omnichain stablecoins to enhance capital efficiency and reduce transaction costs. Second, decentralized exchanges (DEXs) will increasingly compete with centralized exchanges (CEXs). Improved user experiences, intent-based trading, and AMM innovations on networks like Solana have narrowed the liquidity and competitiveness gap. Growing disillusionment with CEX failures, including data breaches and unfair liquidations, has accelerated DEX adoption, which now accounts for over 21% of all crypto trades. By late 2026, DEXs could capture 50% of the market. Lastly, privacy will become a critical adoption driver. Protocols and blockchains focusing on privacy, such as Zcash and Ethereum’s expanding privacy efforts, are gaining traction. Institutional players require privacy features like private multisig wallets to protect sensitive data, paving the way for broader DeFi integration. These trends will collectively shape a more efficient, competitive, and secure DeFi landscape in 2026.

marsbit12/25 17:55

marsbit12/25 17:55

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