# Stablecoin的所有文章

在 HTX 新聞中心流覽與「Stablecoin」相關的最新資訊與深度分析。潘蓋市場趨勢、專案動態、技術進展及監管政策，提供權威的加密行業洞察。

Banks oppose stablecoin yield deal – Can CLARITY Act find 60 votes?

The Bank Policy Institute (BPI) has opposed the latest draft of the CLARITY Act, criticizing its provisions on stablecoin yield and illicit finance. The banking industry sought a total ban on stablecoin yield, but the bill's compromise only prohibits passive yield on idle balances. This opposition has influenced lawmakers, reducing tentative Republican Senate support to potentially 49 votes. With the 60-vote threshold needed, securing sufficient Democratic support appears difficult as some pro-crypto Democrats also oppose the bill due to ethics and illicit finance concerns. Senate Majority Leader John Thune expressed doubt the bill can pass before the August recess. Market odds for the bill's passage in 2026 have fallen, leaving its future uncertain.

ambcrypto前天 09:02

Banks oppose stablecoin yield deal – Can CLARITY Act find 60 votes?

ambcrypto前天 09:02

Is Bitcoin nearing another accumulation zone? THIS signal says yes

Bitcoin has experienced an extended period of underperformance, diverging from the equities market. However, a long-term correlation with Apple (AAPL) stock may signal a potential turning point. Analysis of the Bitcoin-AAPL ratio shows it has traded within a well-defined ascending channel since 2017, with the lower boundary historically marking Bitcoin undervaluation. The ratio is now approaching this support line, suggesting Bitcoin could be entering another accumulation zone, similar to periods preceding past major rallies. While Bitcoin's correlation with the S&P 500 broke in 2025 due to macro shocks, the longer-term AAPL relationship remains intact. For confirmation, on-chain data shows recent stablecoin inflows are still modest compared to recent outflows, indicating the market may need more capital rotation before a sustained uptrend.

ambcrypto前天 08:23

Is Bitcoin nearing another accumulation zone? THIS signal says yes

ambcrypto前天 08:23

CLARITY Act Deadlocked: The "Vacuum Enforcement" Trick of the Moral Clause

The CLARITY bill faces a stalemate over its ethics clause, specifically the enforcement mechanism. While former President Trump's endorsement and a compromise on a clause banning top federal officials from holding personal crypto interests moved the bill forward, a critical divide remains: Republicans want enforcement by the Justice Department, whose Attorney General candidate is Trump's former private lawyer. Democrats argue this creates a conflict of interest and insist on state attorney general enforcement. This deadlock cooled the initial market rally spurred by the bill's increased passage probability. The updated text also includes other key provisions: exempting non-custodial developers, protecting self-custody rights, regulating stablecoin rewards, and establishing a cybersecurity center. With less than three weeks until a potential Senate vote, market probability for enactment remains below 50%. The article also briefly covers Helium's Q2 report, highlighting a shift in its tokenomics, and Ramp's integration of stablecoin payments for businesses.

marsbit前天 07:40

CLARITY Act Deadlocked: The "Vacuum Enforcement" Trick of the Moral Clause

marsbit前天 07:40

Bitcoin flashes 3 macro-bottom signals – But can BTC reach $70K?

The article discusses Bitcoin's recent price movement above $66,000 and a shift in market analysis from focusing on a local bottom to a potential macro-cycle bottom. It cites a crypto analyst noting that BTC has flashed three historical technical signals that previously coincided with major market bottoms in 2015, 2019, and 2022, suggesting the current zone could be a strong long-term accumulation area. However, the article also highlights a significant challenge: despite the price breakout, on-chain data shows a lack of supporting liquidity. Stablecoin dominance is rising while the total stablecoin market cap is shrinking, with capital continuing to leave exchanges. This divergence indicates that while the technical setup is bullish, the rally may struggle to sustain enough momentum for a decisive move into the $70,000 region without an influx of fresh capital.

ambcrypto07/22 01:03

Bitcoin flashes 3 macro-bottom signals – But can BTC reach $70K?

ambcrypto07/22 01:03

United Stables Crosses $1B As Chainlink Data Feeds Secure U Token Collateral

United Stables' U token has surpassed $1 billion in market capitalization, with Chainlink Data Feeds providing the critical pricing and collateral data infrastructure across its deployment chains. This milestone highlights that robust oracle infrastructure is essential for stablecoin credibility, as DeFi protocols require reliable data for integration. Chainlink's role is foundational, enabling automated collateral auditing and pricing verification, which helps make the U token safer for the broader market to evaluate and use. While this strengthens Chainlink's position in the stablecoin infrastructure narrative, it does not directly guarantee increased fees or value for LINK token holders. The growth of U indicates both widening competition in the stablecoin sector and the increasing dependence of scalable stablecoins on dependable external data services.

bitcoinist07/21 22:46

United Stables Crosses $1B As Chainlink Data Feeds Secure U Token Collateral

bitcoinist07/21 22:46

The Eternal Fragment of Money: Third-Party Payments Lack a First Principle

The Eternal Fragments of Money: Third-Party Payment Has No First Principle The article examines the fragmented and competitive landscape of third-party payment, using Stripe's rumored acquisition of PayPal as a starting point. It argues the payment industry is characterized by persistent fragmentation and remains fundamentally tied to traditional banking infrastructure, hindering attempts at total domination. Stripe, despite its developer-centric success, faces growth challenges and missed its peak valuation window during the pandemic. Its recent ventures into stablecoins (OUSD) and Agent-centric payment protocols are seen as attempts to capture future narratives and bolster its IPO prospects, though their success is uncertain. The author posits that payment itself is merely an entry point; future profits for companies like Stripe and Circle may lie in building efficient backend清算 (clearing/settlement) networks, potentially operating more independently from traditional banks. The piece concludes that the payment industry is a perpetual, trench-warfare-like competition where scale alone cannot eliminate regional or niche players.

marsbit07/21 12:32

The Eternal Fragment of Money: Third-Party Payments Lack a First Principle

marsbit07/21 12:32

White House Concession Removes Ethical Hurdle, Clarity Act Races Against Final Window Before Recess?

On July 21st, industry sources reported that the Trump administration has agreed to include an ethics provision in the "Clarity Act" (Digital Asset Market Clarity Act of 2025). This concession addresses the long-standing conflict-of-interest concerns regarding government officials and the crypto industry, potentially removing the final major obstacle to the bill's progress. Additionally, Patrick Witt, the executive director of the White House's Digital Asset Advisory Committee, confirmed he will remain in his role to help finalize the bill, alleviating previous concerns about his potential departure. The Clarity Act aims to establish a unified federal regulatory framework for the U.S. digital asset market. Its core objective is to resolve regulatory ambiguity by defining different types of digital assets (digital commodities, investment contract assets, and permitted payment stablecoins) and clarifying the respective oversight roles of the SEC and CFTC. This would end the long-running jurisdictional dispute between the two agencies and provide clearer compliance paths for the industry. With the ethics issue moving toward resolution, the most urgent challenge now is time. The U.S. Congress is set to begin its August recess in mid-August, leaving only a few working weeks to finalize the text and advance the bill through the Senate. Industry advocates, like the Blockchain Association's Kristin Smith, stress that this is a critical moment. If negotiations conclude successfully in the coming weeks, the Clarity Act could pass a key hurdle before the recess; otherwise, it may face significant delays. If enacted, the Clarity Act could mark a historic turning point in crypto regulation. By providing a clearer and more predictable legal framework, it aims to reduce uncertainty for businesses, developers, and traditional financial institutions looking to enter the digital asset space, potentially setting a global benchmark for market structure regulation.

Odaily星球日报07/21 08:40

White House Concession Removes Ethical Hurdle, Clarity Act Races Against Final Window Before Recess?

Odaily星球日报07/21 08:40

Circle's Stock Price Plunges 76%, Hong Kong Dollar Stablecoin Set to Launch Within Two Weeks

Circle's stock price has plunged approximately 76% from its 2023 peak, reflecting a major market revaluation. Despite this, Circle President Heath Tarbert emphasized the company's focus on long-term execution and its dominant position with USDC's $73 billion circulation across 34 blockchains. The competitive landscape is intensifying. A new consortium-backed stablecoin, Open USD, is attempting to challenge incumbents by sharing reserve yields with partners. More significantly, Visa's new stablecoin platform, initially supporting Open USD while also being compatible with USDC, could erode Circle's network effects. In response, Circle is expanding into real-world payments through partnerships like the one with Japan's JCB. Separately, Tether (USDT) faces a two-year compliance window under new U.S. regulations, requiring it to adjust its reserve composition away from assets like Bitcoin and loans towards cash and U.S. Treasuries. Meanwhile, in Hong Kong, Standard Chartered-backed fintech firm Dian Dian is poised to launch a licensed HKD-pegged stablecoin (HKDAP), moving the industry into a phase where the real test is integrating licensed stablecoins into actual payment flows and corporate treasury systems. The sharp decline in Circle's stock underscores a broader shift: the stablecoin market is moving from a winner-takes-all dynamic to a multi-player competitive arena where execution, compliance, and real-world utility are becoming paramount.

marsbit07/21 07:08

Circle's Stock Price Plunges 76%, Hong Kong Dollar Stablecoin Set to Launch Within Two Weeks

marsbit07/21 07:08

Robinhood Chain Goes Live: Brokerage Finally Delivers Stock Tokens to Users' Doorstep

"Robinhood Chain Launches: Brokerage Finally Delivers Tokenized Stocks to Users' Doorstep" After years of limited adoption due to distribution challenges—where tokenized assets sat on crypto exchanges inaccessible to mainstream brokerage app users—Robinhood has launched its own Ethereum L2, Robinhood Chain, on July 1. The chain, built on Arbitrum's stack, brings its 28 million retail users directly into the ecosystem. At launch, users from over 120 countries (excluding the U.S.) can trade tokenized versions of stocks like Apple and Nvidia 24/7 via DEXs, use them as DeFi collateral, and earn ~7% APY lending Robinhood's USDG stablecoin through its "Earn" product. While initial transaction volume was dominated by memecoin speculation—a common pattern for new L2s—the key metric to watch is the share of trading volume from tokenized stocks. If this grows significantly in coming quarters, it would validate the distribution channel thesis and signal real growth for the tokenized stock sector. Robinhood operates the chain's sequencer, capturing fees; there is no native token, with investment exposure tied to HOOD stock. The chain prioritizes compatibility and leverages infrastructure from partners like Uniswap and Chainlink.

marsbit07/21 03:25

Robinhood Chain Goes Live: Brokerage Finally Delivers Stock Tokens to Users' Doorstep

marsbit07/21 03:25

Visa Joins the Stablecoin Arena: Not to Eliminate Stablecoins, but to 'Collect Rent' from Them

Visa is entering the stablecoin arena by launching a stablecoin platform, aiming not to eliminate existing stablecoins but to facilitate and profit from their broader adoption. The platform will enable banks, financial institutions, and fintech companies to more easily issue, manage, and integrate stablecoins into Visa's existing global payment network, which spans over 200 million merchants and 15,000 financial institutions. This move is expected to expand the overall stablecoin market by creating more use cases. For USDC (Circle), it presents a short-term benefit due to likely direct integration and its compliance advantages, though long-term competition may increase from bank-issued or consortium stablecoins. For USDT (Tether), the impact could be more significant in traditional payment and settlement areas, as Visa's platform may favor more transparent, compliant options, though USDT is expected to remain strong in pure crypto trading contexts. Regarding Ethereum, Visa's initiative is seen as neutral to slightly positive. It could drive more traditional capital into the Ethereum ecosystem in the form of stablecoins, increasing network activity and demand for Ethereum as a settlement layer, especially with Layer-2 scaling solutions. While the platform will support multiple blockchains, Ethereum's maturity and decentralization make it a likely primary choice for compliant stablecoins. In essence, Visa's strategy is to embrace stablecoins, collect fees from increased transaction volume on its network, and grow the overall market, rather than displace major incumbents like USDC and USDT directly.

marsbit07/21 00:54

Visa Joins the Stablecoin Arena: Not to Eliminate Stablecoins, but to 'Collect Rent' from Them

marsbit07/21 00:54

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