Stablecoins

Stablecoins

Stablecoins are an important infrastructure in the crypto market, which are ubiquitous and widely used. This special topic will provide insights into the evolution of the stablecoin market, the battle over technical routes, and policy games.

77 articles
A complete guide to stablecoin investing: From 3% to 15%, which of the four risk levels do you choose?
A Guide to Steady Returns in the Crypto Market: From extremely low risk to higher risk, breaking down stablecoin investment channels, following institutional fund allocations, and seeking steady profits.
Foresight News
Behind Circle's lackluster Q1 results: Interest income faces a bottleneck, Arc and AI payments fill the gap.
Circle's Q1 revenue fell short of expectations, the Arc ecosystem introduced new variables, ARC Token pre-sold $222 million, and stablecoin USDC continued its strong growth.
SoSo Value
Strip releases 288 updates, fully entering the stablecoin and AI agent economy sectors.
Stripe released 288 product updates, covering smart agent e-commerce, crypto payments, and AI-powered risk control. Stripe partnered with Meta and Google to expand its e-commerce suite, launched the Link agent wallet and stablecoin-linked bank card functionality, upgraded Radar fraud protection, and empowered AI-driven business growth and token asset management.
链捕手 ChainCatcher
a16z Report: 9 Charts to Understand Stablecoins; Asia Now Accounts for 2/3 of the Global Market
Stablecoins are no longer just for cross-border transfers; in Brazil, Asia, and other places, they are becoming local tools for everyday purchases and corporate payroll.
a16z
香港稳定币「鸣枪」：从发牌到生态，真正的长跑才刚刚开始
外界对「香港稳定币不能只有牌照」的批评，并非唱衰，反而是指出了下一阶段真正要补上的功课。
Web3 农民 Frank
Web3 Compliance: Licensing Strategies for Stablecoin Payment Projects at Different Stages
Compliance systems (Posture) cannot be neglected, but licenses (Licenses) can wait.
Web3小律
Why didn't the people who "know Web3 best" get the first batch of stablecoin licenses?
With Hong Kong's stablecoins now officially licensed, where is the real money-making opportunity?
曼昆区块链
稳定币监管未定，韩国先把跨境资金拿走了
当各国还在讨论稳定币的监管边界时，韩国已经把问题往前推进了一步：不是怎么管，而是——钱已经在流了，你准备在哪里接？
Conflux
Circle冻结争议背后：美元稳定币的权力边界在哪里？
美元稳定币发行方的权力，到底有多大？边界在哪里？
Conflux
The real target of this "open conspiracy" in Hong Kong has never been stablecoins.
Why were the first batch of stablecoin licenses issued by the Hong Kong Monetary Authority (HKMA) disappointing? This article analyzes the situation from a game theory perspective, revealing its deeper strategy of supporting e-HKD infrastructure and vying for Hong Kong dollar clearing sovereignty, rather than simply developing the commercial stablecoin industry.
Web3小律
Hong Kong has issued stablecoin licenses, but after a fierce competition among 36 major players, only 2 have been granted licenses to operate.
Why were traditional banks the first batch of stablecoin licenses granted in Hong Kong?
Techub News
Non-USD stablecoins won the wrong battle.
The most common illusion created by non-USD stablecoins is that changing the unit of account equates to changing the monetary order. In reality, what's truly valuable is never the address, but the water pipes and the main valve.
衣莎贝 全球支付网络观察
The Machines' Time: When Agents Consume Stablecoins
Circle's true brilliance lies in allowing agents to replace the limits of human numbers and spending power, creating a dream for the capital market of unlimited users.
佐爷歪脖山
On the same day, two wounds appeared: the predicament behind Circle's 20% plunge.
Circle's stock price plummeted by over 20% in a single day, marking its biggest drop since its IPO, possibly due to a new US draft bill that proposes banning stablecoin payments of returns. On the same day, competitor Tether announced the initiation of audits by the Big Four accounting firms, posing a dual challenge to USDC's growth model and compliance premium.
Foresight News
Decoding Tether: This money-printing machine that earns billions of dollars annually is far more than just stablecoins.
Decoding Tether: This money-printing machine that earns billions of dollars annually is far more than just stablecoins.
Techub News
IOSG: Stablecoins Reshaping Cross-Border Payments in Asia? Strategic Overview and Investment Opportunities
Stablecoins are not a panacea for cross-border payments.
IOSG
链上“余额宝”时刻：收益型稳定币狂飙背后的流动性迁徙
收益型稳定币正迎来链上“余额宝”时刻。过去约半年，其规模由约110亿美元扩张至约227亿美元，在全球稳定币总市值约3200亿美元背景下，占比由约4.5%升至约7.4%。这轮增长背后，不只是高息驱动，更是“收益 + 抵押 + 可组合性”叠加后的复合资本效率重估。随着监管推动支付型稳定币与生息型链上美元分层，链上资管时代正在加速到来。
CoinFound
稳定币生态地图 ，从交易工具到全球金融基础设施
稳定币正从交易工具演变为全球金融基础设施，市值突破3100亿美元，在支付、DeFi、RWA及跨境清算中扮演核心角色。监管清晰化与机构资金推动其迈向高主流化新阶段。
CoinFound
当龙虾开始花钱：OpenClaw的银行可能是稳定币
Pantera Capital合伙人认为，2026年AI Agent将成为真正的经济参与者，其银行体系将建立在稳定币之上。
Conflux
99% of AI payments use USDC, and Circle has quietly become the biggest winner, but where should the money from AI agents go?
When 400,000 AI agents begin searching for configurable assets, and when asset management needs arise after 140 million payments, are your RWA products ready to be evaluated, selected, held, and traded by AI agents?
RWA研究院