BITPRISMIA
Upcoming US interest rate cuts threaten the profits of stablecoin issuers Tether and Circle, with Circle potentially losing up to $618 million in annual revenue, prompting them to explore new business models like their new blockchain, Arc.
Stablecoins are projected to account for 12% of global cross-border payments by 2030, driven by improvements in market infrastructure, regulatory advancements, and industry innovation.
Circle plans to offer 10 million Class A shares at $130 each, a price more than quadruple its June IPO price of $31, as disclosed in a recent SEC filing.
The Bank Policy Institute (BPI) argues that loopholes in the GENIUS Act allow stablecoin companies to evade regulatory guardrails, potentially undermining the U.S. banking system by enabling indirect yield payments.
Citigroup is exploring stablecoin custody, crypto ETF services, and blockchain-based payments, positioning itself at the center of digital asset innovation while complying with regulatory frameworks.
Hong Kong's SFC and HKMA issued a joint statement cautioning about stablecoin speculation and volatility, emphasizing strict licensing criteria for stablecoin issuers.
Citigroup is exploring digital asset custody and payment services, including stablecoin payments and cryptocurrency ETFs, signaling a significant step towards institutional adoption of digital assets.
World Liberty Financial successfully minted 30 million USD1 stablecoins on Solana, highlighting Solana's role in supporting stablecoin development and decentralized finance.
U.S. spot Ethereum ETFs saw a record $1 billion inflow in a single day, with BlackRock and Fidelity leading the surge, potentially signaling increased demand for ETH and related sectors like DeFi and layer-2 networks.
The article compares South Korea's tightly controlled CBDC approach with Japan's open stablecoin framework, highlighting their implications for investors and the broader adoption of blockchain technology in Asia.