# Сопутствующие статьи по теме Stablecoins

Federal Reserve Withdraws Crypto Rules, Banks Get More Freedom

bitcoinist12/18 22:01

Coinbase appoints ex-UK finance minister George Osborne to chair advisory council

Coinbase, the largest US-based cryptocurrency exchange, has appointed former UK finance minister George Osborne as the chair of its advisory council. Osborne, who has been an advisor since 2024, views this as an opportunity to learn more about the blockchain revolution and its potential for broadening financial inclusion. His appointment is part of Coinbase's strategy to expand its global influence with foreign governments. Osborne has previously criticized the UK for lagging in crypto regulation and stablecoin development, warning that the British pound risks irrelevance against dominant US dollar-backed stablecoins. This move coincides with Coinbase's broader expansion, including recent acquisitions and new product offerings like tokenized stock trading, prediction markets, and planned perpetual futures contracts, as it aims to become a comprehensive financial services "everything app."

cointelegraph12/18 22:00

Global debt markets show dollar dominance moves in cycles, US Fed says

A new Federal Reserve discussion paper reveals that the U.S. dollar’s dominance in global debt markets has moved in cycles over the past 60 years, with no clear long-term trend toward either dollarization or de-dollarization. The study identifies three distinct "dollarization waves" since the 1960s, showing currency usage shifts are cyclical rather than structural. As of 2024, emerging markets still rely heavily on dollar-denominated debt, which makes up about 80% of their international bonds. Meanwhile, the rise of dollar-pegged stablecoins like USDT and USDC—which together represent 85% of the $309.6 billion stablecoin market—has reinforced dollar dominance. These stablecoins are backed significantly by U.S. Treasury holdings, making their issuers major holders of U.S. government debt. The report concludes that despite vulnerabilities, the dollar’s global role remains unchallenged due to a lack of alternatives. Efforts to internationalize other currencies, including the Chinese renminbi, have seen limited success. European policymakers have expressed concern over the growing influence of dollar-backed stablecoins.

cointelegraph12/18 21:38

Bitcoin Policy Institute reps sound alarm on de minimis tax exclusion

The Bitcoin Policy Institute (BPI) has raised concerns that proposed U.S. legislation for a de minimis tax exemption on small cryptocurrency transactions may exclude Bitcoin, applying only to stablecoins. BPI’s head of strategy, Conner Brown, called this a "severe mistake," arguing that such an exemption would encourage Bitcoin’s use as a medium of exchange, not just a store of value. The bill, introduced by Senator Cynthia Lummis, proposes exemptions for crypto transactions under $300, with a $5,000 annual cap, and includes provisions for charitable donations and deferred taxes on mining and staking rewards. Critics question the need for stablecoin exemptions since their value is stable. High transaction fees, block times, and tax implications currently limit Bitcoin’s use as everyday cash, though the Lightning Network offers a faster, cheaper payment solution.

cointelegraph12/18 19:07

Coinbase’s Latest: Prediction Markets And Stock Trading Added To Platform

Coinbase is expanding its platform to become a comprehensive financial application by adding stock trading, advanced trading tools, and prediction markets through a partnership with Kalshi. CEO Brian Armstrong stated that while only 1% of users trade prediction markets as an asset class, 99% use them for insights, similar to traditional media. The company is also launching "Coinbase Tokenize," an institutional-grade infrastructure to support the tokenization of real-world assets (RWAs), with the ultimate goal of facilitating global access to tokenized equities. Armstrong believes all major asset classes, including equities and real estate, will transition to blockchain systems. Additionally, Coinbase will offer custom stablecoins for businesses and expand its API services for institutional clients.

bitcoinist12/18 15:30

The On-Chain Game of Payment Giants: The Battle for a $40 Trillion Settlement Layer

The payment industry, while perceived as traditional, remains one of the earliest and most adaptable parts of the financial system to technological transformation. While the market continues to debate whether cryptocurrencies are assets, payment giants Visa and Mastercard have reached a consensus on a more fundamental issue: the need for a more efficient settlement layer that can integrate with existing payment systems, rather than requiring a complete overhaul. Their answer is stablecoins. Visa has begun integrating USDC stablecoin settlements via the Solana blockchain for U.S. banks, emphasizing standardization and productization rather than disruptive innovation. This allows for near-instant, 24/7 settlements, reducing liquidity constraints and transaction times, all while maintaining a seamless experience for end-users. Meanwhile, Mastercard is pursuing a multi-chain strategy, partnering with entities like Ripple and Gemini to build a flexible compliance layer that connects traditional finance with on-chain settlement networks. This approach prioritizes adaptability across various stablecoins and blockchain environments, particularly for cross-border and B2B payments. Both companies recognize that the real competition is not about individual stablecoin growth, but about controlling the future settlement layer—where an estimated $40 trillion in credit market activity could be redefined. The shift toward programmable settlement tools could reshape core financial processes like credit issuance and risk management. This transition is occurring quietly in the background—a technical migration that is gradual but likely irreversible. As major payment networks adopt on-chain settlement capabilities, blockchain is becoming embedded within the infrastructure of finance itself, changing the underlying logic of how value moves globally.

marsbit12/18 10:03

From Double-Entry Bookkeeping to Blockchain 'Triple-Entry Bookkeeping': Why Must Banks Go On-Chain?

Banks rely on ledgers, and so does blockchain at its core—but the two are fundamentally different. Today, financial institutions face a choice similar to that of print media decades ago: adapt to the digital age or risk obsolescence. The rise of stablecoins further accelerates this shift. While many banks are adopting cryptographic technologies, the underlying reason encrypted ledgers may eventually replace traditional banking ledgers lies in accounting methodology. Traditional banks use double-entry bookkeeping, invented in medieval Italy, which records each transaction in at least two accounts (debit and credit) to ensure balance and auditability. However, this system relies on independent record-keeping, leaving room for manipulation and reconciliation errors—exemplified by scandals like Enron. In contrast, blockchain introduces triple-entry accounting. This extends double-entry bookkeeping by adding a third, cryptographically-secured, and immutable entry—recorded on a distributed ledger via consensus mechanisms like Proof-of-Work or Proof-of-Stake. Each transaction is not only in the sender’s and receiver’s accounts but also in a tamper-proof, timestamped block, creating a transparent and trustless system. Triple-entry accounting eliminates the need for intermediaries, reduces auditing complexity, and enables near-real-time verification. For banks, adopting blockchain means transitioning from double-entry to triple-entry bookkeeping. Once issues like privacy (e.g., zero-knowledge proofs) and compliance (e.g., KYC) are resolved, moving operations to the chain can significantly boost efficiency, reduce reliance on legacy systems, and provide a more resilient infrastructure. The message is clear: embrace blockchain or risk marginalization. This may be one of the most critical strategic decisions for banks in the coming decades.

marsbit12/18 09:03

Grayscale Fund Outlook for 2026: Ten New Investment Opportunities and False Hypes in Crypto

Grayscale's 2026 outlook predicts a structural shift in digital asset investment driven by increased demand for alternative value stores and greater regulatory clarity. This is expected to attract more capital inflows, broaden adoption, and further integrate blockchain into mainstream finance. The report forecasts the end of the "four-year crypto cycle" and anticipates Bitcoin reaching new all-time highs in H1 2026. Key investment themes include: 1. Dollar devaluation boosting demand for assets like BTC and ETH. 2. Regulatory progress supporting adoption. 3. Growth of stablecoins post-GENIUS Act. 4. An inflection point for asset tokenization. 5. The need for privacy solutions as blockchain goes mainstream. 6. Blockchain-based solutions for AI centralization. 7. Accelerated DeFi growth, led by lending. 8. Next-gen infrastructure for mainstream adoption. 9. A focus on sustainable revenue models. 10. The rise of staking as a default for investors. The report identifies quantum computing and Digital Asset Treasuries (DATs) as overhyped themes with limited market impact in 2026. The conclusion emphasizes that the era of institutional adoption will create a clear divide between assets with strong fundamentals and regulatory access and those without.

marsbit12/18 07:31

Coinbase Launches Major Product Updates, Including Prediction Markets and Stock Trading, Transforming into a Comprehensive Financial Platform

Coinbase has unveiled a major expansion of its product suite during its "System Update 2025" event, signaling a strategic shift from a pure cryptocurrency exchange to a comprehensive financial platform. Key announcements include the launch of commission-free stock and ETF trading for US users, with plans to offer extended 24/5 trading hours and eventually support thousands of assets. The company is also preparing to list stock-linked perpetual futures for international users. Additionally, Coinbase is entering the prediction markets through a partnership with Kalshi, allowing US users to trade event-based contracts. Other new features include a simplified interface for perpetual futures trading, integration of Solana DEX aggregator Jupiter for instant token trading, and an AI-powered wealth management tool called Coinbase Advisor. For businesses, Coinbase Business is now fully available in the US and Singapore, offering financial services for SMBs. The company also introduced a service for creating custom branded stablecoins and is developing new payment infrastructure, including the x402 open payment standard. These moves position Coinbase to compete directly with traditional brokers and expand into new multi-billion dollar revenue streams.

marsbit12/18 07:02

2026 Grayscale Outlook: Ten New Investment Opportunities and False Hypes in Crypto

Grayscale's 2026 outlook anticipates a structural shift in digital asset investment driven by increased demand for alternative value stores and enhanced regulatory clarity. This is expected to attract significant institutional capital, integrate blockchain into mainstream finance, and end the traditional four-year crypto cycle. Bitcoin may reach new all-time highs in H1 2026. Key investment themes include: 1) Demand for monetary alternatives (BTC, ETH, ZEC) due to fiat currency risks; 2) Regulatory progress supporting adoption; 3) Stablecoin growth under the GENIUS Act; 4) Asset tokenization reaching a tipping point; 5) Privacy solutions (ZEC, AZTEC) for mainstream blockchain use; 6) Blockchain addressing AI centralization (TAO, NEAR); 7) DeFi acceleration, particularly in lending; 8) Next-gen infrastructure (SUI, MON); 9) Focus on sustainable revenue (SOL, ETH); 10) Staking becoming default for investors (LDO, JTO). Quantum computing and Digital Asset Treasuries (DATs) are identified as overhyped themes with limited 2026 impact. The overall trajectory points toward institutional adoption, with capital flowing primarily through regulated ETPs.

深潮12/18 03:07