Stablecoin Product - BMRUSD 作为 Stablecoin 2.0 产品，旨在升级投资组合 [1] - BMRUSD 与 USDT 1:1 锚定 [2] - 订阅链接为 https://t.co/ty8AOA2HDR [2] Investment & Return - 预计年化收益率约为 7.5% (每日支付) [2] - 支持即时赎回 (T+0) [2] Keywords - 涉及 RWA (Real World Assets)、BitMart 和 DeFi (Decentralized Finance) 领域 [2]

Stablecoin Development - SBI Holdings and Startale Group to jointly develop a regulated yen-denominated stablecoin [1] - The stablecoin will be compliant with Japanese financial regulations [1]

Startale Group and SBI Holdings have signed a memorandum of understanding to develop a fully regulated, yen-denominated stablecoin for global settlement and institutional use, the companies said in a press release Monday. The project pairs Startale’s blockchain stack, including its work on the Soneium network, with SBI’s reach as one of Japan’s largest financial groups, targeting a share of a $300 billion stablecoin market still dominated by dollar-pegged tokens. Shinsei Trust & Banking will handle issu ...

Stablecoin Adoption - Global stablecoin holder count surpassed 200 million [1]

RT Amy Street 🦢 (@Amystreet)*deep breath*HERE ARE ALL OF THE 2025 @Solana BREAKPOINT NEWS/ANNOUNCEMENTS IN ONE PLACE:✨Day 1 (December 11) - Focus: Institutional Convergence and RWAs✨- @jpmorgan arranged U.S. commercial paper issuance for @galaxyhq on Solana.- @coinbase previewed in-app DEX trading for Solana tokens.- Bhutan will tokenize its sovereign gold reserves onchain on Solana.- @StateStreetIM and @Galaxyhq to debut a tokenized private liquidity fund on Solana.- @Blockworks_ and @SolanaFndn unveiled L ...

Solana Ecosystem Expansion - Solana is positioning itself as the execution layer for Wall Street, attracting institutional conviction due to its unbreakable scale [1] - Breakpoint 2025 showcased major announcements indicating institutional interest in Solana [1] - Multiple firms are building on Solana, signaling a shift towards institutional adoption of the blockchain [1] Tokenization of Real-World Assets (RWAs) - JPMorgan executed a $50 million U S commercial paper issuance for Galaxy Digital on Solana [1] - State Street and Galaxy Digital are set to launch a tokenized private liquidity fund on Solana [1] - The country of Bhutan plans to tokenize its sovereign gold reserves onchain using Solana [1] - Animoca Brands will tokenize its equity via Republic [1] - Marketnode and LionGlobal are bringing their Singapore Physical Gold Fund on chain [1] - Uranium Digital is providing institutions access to tokenized physical uranium [1] - WisdomTree Prime is bringing tokenized RWAs to Solana [1] Institutional Financial Products and Services - Keel_fi announced a $500 million fund for Solana RWAs [1] - Figure filed for SEC approval to natively issue a second IPO on Solana [1] - Paxos filed for SEC clearing agency status to issue native onchain assets [1] - Kamino announced 6 new products evolving into an institutional yield layer [1] - OSL announced USDGo, a regulated stablecoin on Solana [1]

Core Insights - Ripple is expanding its RLUSD stablecoin to layer-2 networks on Ethereum, including Optimism, Coinbase's Base, Kraken's Ink, and Uniswap's Unichain, with the integration involving the interoperability protocol Wormhole [1][2] - The company emphasizes that stablecoins are essential for DeFi and institutional adoption, aiming to set a standard for compliance and on-chain efficiency [2] - The XRP Ledger has launched an Ethereum-compatible network, which has seen limited trading volume of $80 over the past week, hosting eight projects including decentralized exchanges and an NFT marketplace [2] Trading Volume and Market Activity - RLUSD generated $32 million in trading volume over the past day, with significant activity on the Bullish exchange, which accounted for $24 million of that volume [3][4] - The presence of RLUSD is also noted on Kraken and Bitstamp, indicating a diversified trading strategy [4] Regulatory and Market Context - Ripple's CEO highlighted the company's conditional approval for a national trust banking charter, which is seen as a significant advancement for the stablecoin, valued at $1.3 billion [5] - The approval from the Office of the Comptroller of the Currency for other stablecoin issuers like Paxos and Circle indicates a competitive regulatory environment [6]

Stablecoin & Treasury Market - Stablecoin issuers outside GENIUS drive demand for Treasury bills [1] - Issuers require low-risk USD reserves, making T-Bills the preferred choice to maintain stablecoin credibility [1]

Competitive Landscape - JPMorgan 的 JPM Coin 可以向持有者支付利息，且无需完全抵押，而 USDC 和 USDT 在法律上不能这样做 [1] - 稳定币领域的第一场战争是 USDC 对 USDT，第二场战争是银行对稳定币，只有一方可以在法律上分享收入 [1] Financial Implications - Circle 通过不支付利息，每季度获得 7.4 亿美元的收入 [1] - 银行获得了提供 4% 代币化存款收益率的许可，这可能会蚕食 Circle 的整个商业模式 [1] JPMorgan's Strategy - JPMorgan 每天处理 10 万亿美元的传统支付，计划于 2025 年 11 月在 Base 上推出 JPMD [1]

Multichain Expansion - RLUSD is expanding to Layer 2s using @wormhole's NTT standard for native, secure transfers [1] - RLUSD will become the first U S -based, trust-regulated stablecoin on @Optimism, @Base, @Inkonchain and @Unichain [1] Liquidity Enhancement - The expansion will enhance utility for XRP and RLUSD [1] - Premier liquidity pairs with wrapped XRP (wXRP) will be created across these chains [1] Technology & Standards - @wormhole's NTT standard is being used for native, secure transfers [1]