RT BSCN (@BSCNews)🚨 @SPGLOBALRATINGS AND @CHAINLINK BRING STABLECOIN RISK SCORES ONCHAINDeFi protocols and institutions can now access real-time Stablecoin Stability Assessments via Chainlink DataLink 👇https://t.co/LcD6yvlFL6 ...

Core Insights - Coinbase is launching a platform called "Coinbase Business" for stablecoin payments, allowing businesses to send and receive USDC, simplifying vendor payments and offering seamless API integrations [1] Group 1: Product Features - USDC balances in Coinbase Business earn an annual percentage yield (APY) of 4.1% and can be cashed out on demand to a linked business bank account via Wire or ACH [2] - Transactions can be synced with accounting software like QuickBooks or Xero through integrations with CoinTracker, enabling compliance while adopting crypto payments [2] Group 2: Market Position and Competition - The stablecoin market is competitive, with Coinbase sharing a 50/50 revenue split with Circle for yield earned from USDC, which has a market cap of $76 billion [3] - Coinbase aims to increase USDC volume on its platform, despite potential competition with Circle Payment Network [3] Group 3: Strategic Initiatives - Coinbase is exploring stablecoin utility across its exchange and Base, its Ethereum overlay system, and is in talks to acquire stablecoin payments firm BVNK for approximately $1.5 billion [5] - The company is also focusing on AI-driven commerce and the expansion of x402, an open-source payments protocol for stablecoin transactions among AI agents, indicating a long-term vision for stablecoin applications [6]

Event Overview - The event is the Stablecoin & Web3 Founders Forum, powered by BitMart and Breakline Society [1] - The forum will be held on Sunday, October 19th, from 2:00 PM to 6:00 PM at Trump Tower in Midtown Manhattan [1] - The forum will focus on in-depth discussions on Stablecoins, Payments, and the On-chain Creator Economy [1] Speakers - Gary Yang, Founding Partner of CICADA Finance & Eureka Labs, will be a speaker [1] - Nate Vishwa, Co-founder of Secure3 & AI Math Agent (both successfully exited), will be a speaker [1] - Ryan Zhang, Fintech Product Lead at Goldman Sachs and Co-founder of Breakline Society, will be a speaker [1]

Group 1: Core Insights - Stablecoins are entering a "2.0 era," characterized by community-driven digital money that promises faster and cheaper transactions, posing a threat to traditional banking systems [1] - The narrative surrounding stablecoins has shifted, with major financial institutions now eager to participate due to increased regulatory acceptance [2] - The new venture STBL aims to modernize the stablecoin model for the Web3 era, reflecting a significant change in the stablecoin landscape [2] Group 2: STBL Model - STBL divides a traditional stablecoin into three components: a stable token (USST) pegged to the U.S. dollar, a yield-bearing token (YLD) that captures interest from collateral, and a governance token (STBL) [3][7] - Unlike existing stablecoins like USDT or USDC, where issuers retain the yield on reserves, STBL's model returns the yield to users who provide collateral [4] - The platform utilizes tokenized U.S. Treasuries as collateral to issue a yield-bearing NFT and the stablecoin USST, allowing collateral providers to reap the rewards [5]

💲Stablecoin MarketCap Closed Q3 at $283.35B, Up 12.19% QoQ https://t.co/qUq7G9IaJh ...

💥BREAKING:🇺🇸 BLACKROCK LAUNCHES GENIUS ACT COMPLIANT FUND THURSDAY TO STREAMLINE STABLECOIN RESERVE CUSTODY! ...

Core Insights - Paxos, PayPal's blockchain partner, mistakenly minted $300 trillion of the PYUSD stablecoin due to a technical error [1][2] - The error was identified and corrected within approximately 20 minutes, with no security breach reported and customer funds deemed safe [2] - PYUSD is a dollar-pegged stablecoin, fully backed by U.S. dollar deposits and similar cash equivalents, redeemable on a 1:1 basis [3] Company Overview - The incident highlights that the dollar peg of PYUSD relies on PayPal and third-party attestation reports rather than the intrinsic minting process [3] - The error raised concerns as $300 trillion would require more than double the world's estimated total GDP to back [4] - PYUSD is currently the sixth-largest stablecoin globally, with a market capitalization exceeding $2.6 billion [4] Industry Context - The mistake occurs at a time when stablecoins are gaining mainstream adoption among banks and payment platforms [4]

🇬🇧 LATEST: Bank of England will lift stablecoin holding limits once digital assets no longer threaten the economy, calling the restrictions temporary. https://t.co/Rylap5iG9R ...

Core Insights - Paxos mistakenly minted $300 trillion worth of PayPal's PYUSD stablecoin, later correcting the error by burning the excess tokens [1][2] - The error was due to the addition of six extra zeros during the minting process, which was quickly rectified by re-minting the correct amount of $300 million [2] - Such minting errors are not uncommon in the crypto industry, with past incidents involving other stablecoin issuers like Tether and BlockFi [3][4] Industry Context - The stablecoin sector's market cap reached approximately $306.18 billion as of mid-October 2025, reflecting a 47% increase year-to-date, driven by major players like Tether's USDT and Circle's USDC [5] - PayPal's PYUSD, while smaller, has a market cap of about $2.32 billion, with its trading price closely aligned to $0.9997 [6]

DeFi 和 L1/L2 更新 - Prediction market 的总交易额上周达到 18 亿美元的 7 天高点，为一年内第二高 [1] - Ethereum Fusaka 升级已在 Sepolia 测试网上线 [1] - North Dakota 计划在 2026 年推出一种美元支持的稳定币，名为 Roughrider Coin [1]