# 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.

Research: $35 Trillion in Annual Stablecoin Transaction Volume, How Much is Real Payment?

A joint report by McKinsey and Artemis reveals that only about 1% of the annual $35 trillion stablecoin transaction volume represents real payments, totaling approximately $390 billion. Among these, 58% are B2B transactions—such as cross-border supplier settlements and financial operations—which grew by 733% year-over-year. Consumer usage, including card payments and remittances, remains negligible. The analysis identifies five structural reasons for this institutional dominance: 1) Greater financial efficiency gains for businesses compared to consumers; 2) Programmability benefits B2B workflows but lacks retail applications; 3) Regulatory frameworks favor institutional adoption; 4) Closed-loop B2B systems avoid the chicken-and-egg problem of consumer-merchant networks; 5) Corporate incentives prioritize internal efficiency over downstream consumer adoption. While B2B stablecoin payments are growing rapidly, consumer adoption may remain limited without breakthroughs in usability and regulatory clarity. The report suggests stablecoins may evolve primarily as an institutional settlement layer rather than a mainstream consumer payment tool.

marsbit04/07 03:09

Research: $35 Trillion in Annual Stablecoin Transaction Volume, How Much is Real Payment?

marsbit04/07 03:09

More usage, less value? Ethereum’s biggest contradiction explained!

Ethereum's role has shifted from speculation to becoming a base layer for structured financial activities, evidenced by $166.1 billion in stablecoins and $12 billion in tokenized U.S. Treasuries. This reflects growing institutional reliance on blockchain for yield, settlement, and automation. While quarterly transfer volume reached nearly $8 trillion, indicating sustained capital presence, Ethereum's value capture remains weak. Daily fees are only around $157,000, and ETH issuance continues to outpace burns. Despite high activity, on-chain economic engagement is muted, with DeFi TVL at $52.6 billion and DEX volume at $548 million. The reliance on low-fee rollups improves accessibility but reduces direct value capture. Ethereum's future growth depends on converting usage into stronger fee generation and deeper capital rotation, rather than merely scaling activity.

ambcrypto04/05 23:02

More usage, less value? Ethereum’s biggest contradiction explained!

ambcrypto04/05 23:02

Yongche Founder Zhou Hang: Cryptocurrency, Finally Its Time Has Come

Cryptocurrency, after years of being perceived primarily as a speculative asset or a complex technological curiosity, is finally finding its true purpose: not as money for humans, but as money for machines. While cryptocurrencies like Bitcoin and Ethereum failed to become practical daily payment tools for people due to volatility, poor user experience, and regulatory complexities, they are perfectly suited for the emerging Agent-to-Agent (A2A) economy. In this new paradigm, AI Agents autonomously transact with each other—purchasing data, API calls, or computational resources—using crypto wallets and smart contracts. They require no customer support, handle micro-payments efficiently, and operate across borders without traditional banking hurdles. Protocols like x402 are reviving the long-dormant "402 Payment Required" HTTP status code, enabling machines to negotiate and pay for services seamlessly within milliseconds. We are witnessing a fundamental shift: machines will use cryptocurrency as a high-frequency, efficient medium of exchange in the background, while humans continue to use traditional fiat currency for daily life. Cryptocurrency isn’t replacing the bank account; it’s becoming the silent, foundational layer of a new machine-driven economy.

marsbit04/05 07:10

Yongche Founder Zhou Hang: Cryptocurrency, Finally Its Time Has Come

marsbit04/05 07:10

Why $12T Charles Schwab’s Bitcoin, Ethereum bet signals next phase of crypto adoption!

Charles Schwab, managing $12 trillion in client assets, is launching spot Bitcoin and Ethereum trading, signaling a major shift in crypto adoption. This move, alongside SoFi Bank's earlier integration of crypto products, represents the second phase of DeFi expansion. Initially, stablecoins bridged TradFi and DeFi by providing liquidity and replicating banking functions. Now, Schwab's entry is generating institutional FOMO, boosting confidence, and accelerating capital flow into crypto. Despite unresolved regulatory issues like the CLARITY Act, stablecoin market capitalization continues to grow, supporting this momentum. By integrating crypto directly into traditional brokerage platforms, Schwab is reinforcing the ecosystem and driving the next wave of institutional participation.

ambcrypto04/04 09:28

Why $12T Charles Schwab’s Bitcoin, Ethereum bet signals next phase of crypto adoption!

ambcrypto04/04 09:28

Dialogue with Pantera Founder: Bitcoin Has Reached Escape Velocity, Leaving Traditional Assets Behind

In a recent interview, Pantera Capital founder Dan Morehead discussed Bitcoin's market cycles, currency devaluation, and the growing institutional adoption of cryptocurrencies. He emphasized that Bitcoin remains one of the most asymmetric investment opportunities, with most institutional investors still holding zero exposure. Morehead noted that Bitcoin's recent 50% pullback aligns with historical four-year cycles but believes the current price level is attractive for long-term investors. He argued that fiat currency devaluation, not asset appreciation, is driving record highs in gold and real estate, creating generational wealth disparities. Morehead highlighted Bitcoin's role as a hedge against geopolitical risks and currency instability, predicting that stablecoins could capture half of all bank deposits within a decade due to their superior accessibility and efficiency. Despite short-term volatility, Morehead remains bullish, stating Bitcoin has reached "escape velocity" with no foreseeable factors that could derail its long-term trajectory. He expects broader global adoption driven by smartphone penetration and financial inclusivity needs.

marsbit04/04 03:05

Dialogue with Pantera Founder: Bitcoin Has Reached Escape Velocity, Leaving Traditional Assets Behind

marsbit04/04 03:05

Canada moves to regulate stablecoins under central bank oversight after Bill C-15 passes

Canada's Bill C-15 has received Royal Assent, establishing a federal framework to regulate stablecoins under the oversight of the Bank of Canada. The new rules require both domestic and foreign issuers operating in Canada to register with the central bank and comply with strict reserve, redemption, and operational standards. Issuers must maintain full 1:1 cash or high-quality liquid asset reserves, allow redemptions at par value, and are prohibited from offering interest or presenting stablecoins as bank deposits. The framework, which aligns with global regulatory trends, aims to support digital payments and ensure financial stability while protecting consumers. Implementation is expected to be phased in over the next 12-18 months, with full rollout targeted for 2027.

ambcrypto04/02 22:02

Canada moves to regulate stablecoins under central bank oversight after Bill C-15 passes

ambcrypto04/02 22:02

Dialogue with Pantera Founder: Bitcoin Has Reached Escape Velocity, Leaving Traditional Assets Behind

Dialogue with Pantera Capital founder Dan Morehead on Bitcoin's trajectory and the shifting financial landscape. Morehead, who first bought Bitcoin at $65, remains confident it is the "most asymmetric trade" in history due to its vast upside potential versus minimal downside risk for global portfolios, as most institutional allocations remain near zero. He observes that Bitcoin market continues to follow predictable four-year cycles. The recent 50% drawdown from its peak is seen as a normal correction within this cycle—less severe than previous crashes—and likely near a bottoming zone, with a potential 6-8 month consolidation period. Morehead argues that Bitcoin’s role as a 24/7 globally-traded asset makes it the first to be sold during geopolitical stress, creating short-term correlation spikes, though its long-term correlation with traditional assets like the S&P 500 remains low (~0.1-0.2). He reframes the narrative around gold’s rise: it’s not that gold is hitting new highs, but that fiat currencies are hitting historic lows due to persistent devaluation. He highlights a generational shift: younger populations, priced out of traditional assets like housing, are turning to crypto as a rational alternative. Geopolitical fragmentation is accelerating the "separation of money and state," increasing demand for neutral, non-sovereign stores of value. Notably, he points out that this may be the first major trade where "smart money" is late: retail and tech-savvy users lead, while large institutional portfolios remain largely unallocated. Regulatory attitudes in the U.S. have also shifted from hostile to supportive, particularly concerning stablecoins, which he believes could capture half of the bank deposit market in a decade due to superior usability. Morehead is also bullish on Solana for its high-throughput capabilities, positioning it as a potential "digital highway" for applications beyond Bitcoin’s store-of-value function. He views current crypto valuations as deeply oversold and disconnected from equities, which are expensive relative to bonds and trendlines. Having weathered multiple cycles, Morehead believes Bitcoin has achieved "escape velocity." Major risks like exchange failures, hacks, or regulatory crackdowns have been overcome. He concludes that a global, smartphone-native monetary system is an inevitable evolution, with profound implications for financial inclusion.

marsbit04/02 14:56

Dialogue with Pantera Founder: Bitcoin Has Reached Escape Velocity, Leaving Traditional Assets Behind

marsbit04/02 14:56

Is CFTC ‘ready to take responsibility’ for $3T crypto market?

The U.S. Commodity Futures Trading Commission (CFTC) is positioning itself as a leading regulator for the $3 trillion cryptocurrency market. Chair Michael Selig stated the agency is prepared to take on this responsibility and is working with the SEC to harmonize federal oversight. This shift comes amid broader U.S. regulatory improvements, which have supported significant market growth, including a stablecoin market cap exceeding $319 billion. The CFTC has taken steps like publishing a crypto-asset system and offering regulatory relief to developers. However, key legislation, such as the CLARITY Act, remains stalled in Congress. A clearer regulatory framework is seen as crucial for further industry expansion.

ambcrypto04/02 12:12

Is CFTC ‘ready to take responsibility’ for $3T crypto market?

ambcrypto04/02 12:12

Research Status Report on AI Payment Protocols: The New Paradigm of Payment in the Agent Economy

AI Payment Protocol Research Status Report: A New Paradigm for Agent Economy Payments This report analyzes the rapid evolution of payment infrastructure designed for AI agents, driven by major industry moves from OpenAI, Google, Visa, Mastercard, Coinbase, and Stripe between late 2025 and early 2026. The core challenge is that traditional payment systems, built for human interaction, are incompatible with AI agents that require machine-readable interfaces, millisecond authorizations, and support for high-frequency micro-transactions. The emerging infrastructure is forming a two-layer architecture: 1. **Intent Orchestration Layer:** Translates agent intent into executable transactions. Two key segments exist: * **Agent Shopping for Humans:** Focuses on enabling agents to shop on human-centric e-commerce platforms. Protocols include OpenAI & Stripe's closed **Agentic Commerce Protocol (ACP)** and Google's open **Universal Commerce Protocol (UCP)** for standardized merchant interfaces. * **Agent-to-Agent (A2A) Transactions:** Solves trust issues in environments without human merchants, using blockchain-based smart contracts like **ERC-8183** for task execution and payment escrow. 2. **Settlement Layer:** Handles the actual movement of funds. Key competing protocols include: * **Stripe's SPT & Card Network Upgrades (Visa/Mastercard):** Extend existing card payments with delegated authorization tokens, ideal for standard retail but unsuitable for micro-payments. * **Coinbase's x402:** Uses the HTTP 402 status code for on-chain atomic swaps with stablecoins (e.g., USDC), enabling low-fee, account-less payments. * **Circle's Nanopayments:** An x402 enhancement for extreme micro-payments using off-chain batch processing. * **MPP (Stripe & Tempo):** A unified, pluggable framework supporting multiple payment rails (stablecoins, fiat, card tokens, Lightning Network) within a single "payment session." **Current State & Opportunities:** While core protocols are live, commercial adoption lags due to fragmentation in the intent layer. The key opportunities are: * **Settlement Layer:** Building multi-rail Agent wallets that abstract complexity and can route transactions across different payment protocols is a definitive, high-value opportunity. * **A2A Economy:** A significant blue-ocean opportunity exists in creating API services for agents to consume (e.g., data analysis, content creation) on a pay-per-use model (e.g., via HTTP 402), moving beyond subscription models. The future will see a dual-track evolution: consumer-facing agent commerce relying on card rails, and A2A transactions thriving on stablecoin rails. The inflection point will be when enterprises delegate spending authority to agents, making multi-rail wallets and service directories critical, unclaimed infrastructure.

marsbit03/31 14:46

Research Status Report on AI Payment Protocols: The New Paradigm of Payment in the Agent Economy

marsbit03/31 14:46

Blockchain Games Defeated by Reality, Web3 Doesn't Believe in Dreams

The article "Chain Games Succumb to Reality, Web3 Doesn't Believe in Dreams" discusses the significant downturn in the perceived failure of blockchain gaming. It begins with Solana Foundation President Lily Liu declaring that "blockchain games are dead," a sentiment echoed by Meta's abandonment of its metaverse vision after an $80 billion investment, which shared core concepts with Web3 gaming like virtual worlds and digital asset ownership. Numerous high-profile blockchain games have shut down recently. Examples include "Pirate Nation," which closed after raising $33 million, and others like "Ember Sword," "Nyan Heroes," and "Symbiogenesis," all ceasing operations due to funding shortages or failed token economies. Even well-funded projects like "Wildcard," backed by $46 million from Paradigm, saw their tokens crash shortly after launch. A central issue is misaligned incentives: Web3 games were often funded by investors seeking returns, not players seeking quality gameplay. This led to capital structures driven by speculation rather than sustainable user engagement. Many studios, like Oxalis Games with "Moonfrost," eventually abandoned blockchain elements to release traditional games on platforms like Steam, leaving early investors and NFT holders with losses. Industry reports note a dramatic drop in investment, from peaks of $10 billion in 2022 to just $293 million in 2025, with scams and loss of trust becoming major concerns. Despite the downturn, some industry leaders remain optimistic. They argue for a reset focused on making blockchain invisible to users, prioritizing player retention metrics (like D1, D7, D30 rates) over token prices, using stablecoins for payments to reduce volatility, and leveraging AI to lower development costs. The consensus is that successful games must first meet traditional quality standards, with blockchain providing underlying utility like true asset ownership and open economies—not driving the core experience. The cycle of fundraise, token launch, and collapse may be ending, making way for more sustainable models.

marsbit03/31 13:26

Blockchain Games Defeated by Reality, Web3 Doesn't Believe in Dreams

marsbit03/31 13:26

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