# Bài viết Liên quan Redemption

Trung tâm Tin tức HTX cung cấp những bài viết mới nhất và phân tích chuyên sâu về "Redemption", bao gồm xu hướng thị trường, cập nhật dự án, phát triển công nghệ và chính sách quản lý trong ngành tiền kỹ thuật số.

US Stablecoins Welcome New Regulations: Interpreting the FDIC Draft, How Bank-Issued Stablecoins Should Operate According to the Rules

The FDIC has released a proposed rule in April 2026 to implement the GENIUS Act, establishing clear guidelines for FDIC-supervised banks and their subsidiaries issuing payment stablecoins. Key provisions mandate that stablecoins must be fully backed 1:1 by high-quality, liquid reserve assets, with segregated reserves for different brands. Redemptions must be processed within two business days (T+2), and issuers are prohibited from paying interest to holders or implying federal deposit insurance coverage. The draft rules also define permitted activities, capital and liquidity requirements, and mandate detailed monthly public disclosures of reserve composition, supplemented by weekly confidential reports to the FDIC and third-party audits. This framework aims to ensure safety, prevent misleading practices, and solidify the regulatory landscape for bank-issued stablecoins, favoring established institutions with strong compliance capabilities. The proposal is open for public feedback until June 9.

marsbit04/12 07:09

US Stablecoins Welcome New Regulations: Interpreting the FDIC Draft, How Bank-Issued Stablecoins Should Operate According to the Rules

marsbit04/12 07:09

FDIC to vote on bank stablecoin rules ahead of GENIUS Act deadline – Details

The U.S. Federal Deposit Insurance Corporation (FDIC) will vote on proposed stablecoin rules on April 7, 2026. The meeting will address prudential standards, capital requirements, and redemption rights for state-level issuers handling stablecoins with less than $10 billion in supply. This proposal complements guidelines from 2025 and aligns with the Treasury's two-tiered framework, which designates FDIC oversight for issuers below the $10 billion threshold and OCC supervision for larger ones. Regulators are working to meet the July 18, 2026, implementation deadline for the GENIUS Act, with agencies like the Federal Reserve emphasizing the need for quality reserve assets and regulatory harmony.

ambcrypto04/05 01:02

FDIC to vote on bank stablecoin rules ahead of GENIUS Act deadline – Details

ambcrypto04/05 01:02

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

The $59 Billion Illusion: How the Female Version of Buffett Fell from Grace?

"Cathie Wood, once hailed as the 'next Warren Buffett' and a star among millennial investors, saw her flagship ARKK ETF soar to a peak of $59 billion in assets under management (AUM) by February 2021. Her strategy of betting on disruptive technologies like Tesla, genomics, and AI—while publicly sharing her research and daily trades—initially delivered staggering returns, with ARKK surging 152% in 2020 as she doubled down during the COVID crash. However, rising interest rates exposed the fragility of her high-growth, unprofitable tech holdings. ARKK plummeted nearly 75% from its peak, erasing over $50 billion in AUM by 2026. Critics labeled her approach—essentially applying venture capital (VC) logic to public markets—as fundamentally flawed. Unlike VC, where losses are absorbed by private gains, public markets impose real-time pricing and liquidity pressures, accelerating losses during downturns. Ironically, while Wood correctly predicted the AI revolution, she sold NVIDIA early—missing out on over $1.2 billion in gains—to maintain her "anti-consensus" brand and focus on smaller, speculative names. Her daily transparency and massive scale turned her into a target, as markets anticipated her moves. Despite recent pivots back into gene editing and AI infrastructure, her assets remain a fraction of their peak, underscoring the gap between predicting trends and profiting from them."

marsbit04/02 04:13

The $59 Billion Illusion: How the Female Version of Buffett Fell from Grace?

marsbit04/02 04:13

World Gold Council Proposes “Gold as a Service” Framework Impacting Tokenized Gold Market

The World Gold Council has introduced a "Gold as a Service" framework aimed at modernizing the global tokenized gold infrastructure. This system connects physical gold custody with digital issuance, enabling more efficient creation of gold-backed products. It is structured around three core components: physical custody, digital issuance, and synchronization systems that link assets to blockchain records. The framework is expected to impact major market players like Tether Gold (XAUT) and Paxos Gold (PAXG), which currently dominate the tokenized gold sector but operate on fragmented systems. By introducing standardized processes for custody, compliance, and redemption, the initiative seeks to unify the market, improve regulatory alignment, and reduce operational costs. This development is seen as a significant step in merging traditional gold markets with blockchain technology, potentially driving greater adoption among institutional investors and fintech companies. The Council emphasized that the framework is designed to foster future growth rather than target existing issuers.

TheNewsCrypto03/20 13:22

World Gold Council Proposes “Gold as a Service” Framework Impacting Tokenized Gold Market

TheNewsCrypto03/20 13:22

Don't Just Focus on Iran, the US Private Credit Crisis is Step by Step Repeating the 'Subprime Crisis'

Amidst geopolitical tensions, a private credit crisis is rapidly unfolding within the US financial system, drawing parallels to the 2008 subprime mortgage crisis. Major asset managers are facing significant stress: BlackRock restricted redemptions from its $26 billion HPS Corporate Lending Fund (HLEND), capping repurchases at 5% despite 9.3% redemption requests to avoid forced asset sales. Similarly, Blackstone’s $82 billion private credit fund (BCRED) saw a record 7.9% in redemption demands, prompting internal capital injections to avoid gating. Blue Owl Capital, whose stock fell below its $10 SPAC IPO price, sold $1.4 billion in loans to manage redemptions, exacerbating liquidity fears. PIMCO issued a stark warning, predicting a "full default cycle" for direct lending due to relaxed underwriting standards, overexposure to the software sector (vulnerable to AI disruption), and insufficient liquidity compensation for investors. The crisis highlights structural vulnerabilities: semi-liquid funds offering quarterly redemptions are backed by long-duration private loans, creating a mismatch. Redemptions force asset sales, driving down valuations and triggering further withdrawals—a vicious cycle reminiscent of 2008. With the private credit market valued at $1.8 trillion, systemic risks from opacity, concentration, and liquidity mismatches are now under severe strain.

比推03/09 05:28

Don't Just Focus on Iran, the US Private Credit Crisis is Step by Step Repeating the 'Subprime Crisis'

比推03/09 05:28

Tether To Terminate Offshore Yuan (CNH₮) Operations – Here’s Why

Tether has announced it will discontinue its offshore Chinese Yuan stablecoin (CNH₮) due to a lack of market demand and operational inefficiency. Effective immediately, new issuance of CNH₮ has been halted. Existing users have one year to redeem their tokens before the stablecoin is permanently phased out. The company stated it will reallocate resources to products with stronger adoption, such as its flagship USDT, which has a market cap of $183.7 billion. In related news, a survey highlighted Nigeria and South Africa as leading markets for stablecoin adoption, with 80% of respondents in these countries holding stablecoins.

bitcoinist02/22 19:02

Tether To Terminate Offshore Yuan (CNH₮) Operations – Here’s Why

bitcoinist02/22 19:02

Tether Shuts Down CNH₮ Stablecoin Due to Low Demand and Market Pressures

Tether, the largest stablecoin issuer, has announced it will discontinue its offshore Chinese yuan-pegged stablecoin, CNH₮, citing low demand and increased regulatory pressures. The company will immediately stop minting new tokens and will support redemptions for one year from the announcement date. Tether stated the token did not attract significant engagement, making it difficult to justify the operational resources required. The company will instead focus its efforts on its dominant USDT stablecoin, prioritizing markets with better growth prospects and higher adoption rates.

TheNewsCrypto02/21 11:42

Tether Shuts Down CNH₮ Stablecoin Due to Low Demand and Market Pressures

TheNewsCrypto02/21 11:42

Lorenzo Launches BNB+ OTF Product

Lorenzo has launched BNB+ OTF, an on-chain trading fund for the BNB ecosystem. Users subscribe with BNB and receive tokenized shares representing fund ownership and profit rights. Managed under Hash Global’s compliant custody and execution framework, the fund employs diversified strategies, with all returns accrued into the Net Asset Value (NAV). Share prices reflect performance, avoiding complexities from inflationary token issuance or frequent restaking. The product builds on the proven model of Lorenzo’s earlier sUSD1+ OTF. It responds to market demand for auditable, redeemable, and composable real-yield products post the October 11 market crash. BNB was chosen due to its large asset size, deep market liquidity, native ecosystem opportunities (e.g., validator staking, Launchpool incentives), and efficient settlement on BNB Chain. BNB+ OTF returns are derived from four layers: 1) base yield from BNB staking, 2) event-driven gains from ecosystem incentives, 3) execution enhancements through optimized participation, and 4) long-term value appreciation from Binance’s BNB buyback and burn mechanism. Users mint BNB+ tokens upon deposit, and returns are reflected in NAV growth, with bi-weekly disclosures and periodic redemptions. Lorenzo aims to become an on-chain investment bank, bridging large-scale capital with institutional-grade yield products across CeFi, RWA, and DeFi.

marsbit02/14 02:44

Lorenzo Launches BNB+ OTF Product

marsbit02/14 02:44

When Big Money Seriously Enters the Market, How Does the Liquidity Bottleneck of RWA Manifest?

When large capital enters the market, the liquidity bottlenecks of Real-World Asset (RWA) tokenization become evident. Tokenized assets, such as gold (e.g., PAXG, XAUT) and stocks (e.g., TSLAx, NVDAx), suffer from significant slippage and shallow market depth compared to traditional markets like CME. For instance, a $4 million trade in tokenized gold can incur up to 150 basis points of slippage, while traditional markets show negligible impact even at $20 million. Decentralized exchanges (DEXs) exacerbate the issue, with trades sometimes facing premiums as high as 68% or persistent slippage of 25–50 basis points. Liquidity shortages also destabilize market structure, causing price volatility and cascading effects like cross-platform liquidations, as seen with PAXG on Binance triggering $9 million in liquidations on Hyperliquid. These problems stem from structural constraints: high minting/redemption fees, slow redemption cycles (T+1 to T+5), and capital inefficiencies for market makers. Without deep, reliable liquidity, tokenized assets struggle to scale, hindering their use as collateral or in DeFi. The solution requires a new market structure that integrates off-chain liquidity, eliminates redemption delays, and avoids fragmenting liquidity across platforms. Tokenization itself isn’t flawed, but the current market infrastructure fails to support it at scale.

比推01/16 15:07

When Big Money Seriously Enters the Market, How Does the Liquidity Bottleneck of RWA Manifest?

比推01/16 15:07

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