A stablecoin is a cryptocurrency designed to maintain a consistent price relative to another asset, usually the U.S. dollar. Said another way, a perfectly effective stablecoin pegged to the dollar will always be worth $1. This behavior differs dramatically from traditional cryptocurrencies like bitcoin and ethereum, which are known for their volatility. iframe src="https://www.myfinance.com/as/37116dfa-df19-4d13-bdae-a6452384794a?utm_medium=embed&imr=https://finance.yahoo.com/&utm_campaign=yahoofin-invest ...

Core Insights - The cryptocurrency world is rapidly integrating with traditional finance, marking the emergence of a new crypto financial era, with significant liquidity and capital opportunities being created [1] - Centralized exchanges (CEX) are evolving from mere trading platforms to comprehensive service systems, as evidenced by OKX's recent product upgrades [1][3] - The concept of CeDeFi is gaining traction, indicating a shift towards a more integrated financial ecosystem that combines centralized and decentralized finance [6] Group 1: CEX Evolution - CEXs are transitioning from simple liquidity matching to emphasizing capital efficiency, reflecting the maturation of the global crypto market [3] - OKX's Auto Earn feature allows users to earn on idle assets without locking them, enhancing asset utilization and providing a low-risk, flexible investment option [3][4] - The VIP program introduced by OKX addresses long-standing issues such as high fees and slow customer service, catering to high-frequency and large-volume traders [5] Group 2: CeDeFi Strategy - CeDeFi is becoming a bridge for traditional financial institutions to enter the crypto space, promoting widespread adoption of crypto assets [6] - OKX is actively expanding its on-chain ecosystem, including the launch of DEX trading features and a unified wallet that supports over 140 blockchain networks [6][7] - The X Layer public chain upgrade aims to support high transaction speeds and low costs, positioning itself as a hub for new financial transactions [8] Group 3: Stablecoin Development - Stablecoins are evolving from mere trading tools to multifunctional financial assets, with a total market cap nearing $300 billion [9][10] - OKX's unified dollar order book aggregates compliant stablecoins, enhancing liquidity and trading efficiency [11] - The introduction of OKX Pay allows users to spend stablecoins directly, facilitating everyday transactions and addressing traditional payment challenges [12]

Group 1: National Strategic Guidance - The development of stablecoins has become an important part of national financial strategy, supported by policies from the "14th Five-Year Plan" and the central bank's guidance on digital asset compliance [1] - The core objective of supporting stablecoin projects is to break the dominance of the US in the global stablecoin market and to maintain financial sovereignty [1][4] - The collaboration between Guotai Junan and Health China Phase IV to issue stablecoins is a significant move to diversify the global financial landscape [1][4] Group 2: Breaking Dollar Hegemony - Over 70% of cross-border digital transactions rely on US dollar stablecoins, allowing the US to influence other countries' economic stability through monetary policy adjustments [3] - The stablecoin issued by Guotai Junan and Health China Phase IV aims to disrupt the dollar's dominance by utilizing independent technology and settlement systems [4] - The stablecoin has already facilitated a cross-border transaction worth 500 million yuan, showcasing its ability to bypass dollar-related risks and US financial restrictions [4] Group 3: Economic Empowerment in Global Trade - Traditional cross-border settlement methods are often cumbersome and costly, hindering the internationalization of Chinese enterprises [5] - The stablecoin allows for direct "point-to-point" transactions, significantly reducing settlement time from 5-7 days to under 10 minutes, enhancing capital turnover efficiency by 80% [5][6] - Transaction fees for the stablecoin are below 0.5%, compared to 2%-3% for traditional methods, effectively lowering costs and currency risk for enterprises [6] Group 4: Conclusion and Future Outlook - The stablecoin represents a significant achievement in China's digital financial innovation and serves as a strategic tool for maintaining financial sovereignty [7] - As the stablecoin's global application expands, China will gain more influence in international financial cooperation, improving the trading environment for Chinese enterprises [7] - Continuous optimization of the stablecoin's functions and services is expected to further enhance its role in promoting global financial diversification and supporting high-quality economic development in China [7]

应该很快TGE一个月左右TGE吧币安，UP，bybit，OKX全垒打？？？何币 (@hebi555):Kite AI @GoKiteAI 不用想百分百 币安现货+https://t.co/N81OAod40T不上我表演胸口碎大石项目转型基本上就是一个蹭AI火搞AI稳定币火那就搞稳定币所以现在变成了稳定币+ai？双重BUFF叠加，能起飞吗？ ...

Company Dynamics - YY Group Holding Limited has signed a strategic cooperation memorandum with Obita to integrate Obita's enterprise-level stablecoin payment infrastructure into YY Group's global flexible employment ecosystem [2] - The collaboration aims to optimize accounts receivable, accounts payable, and financial management processes, reducing cross-border capital flow costs and enhancing overall operational efficiency and profit margins [2] - The initial cross-border investments and domestic subsidiaries' payments to headquarters can utilize stablecoins for more efficient capital allocation [2] User Benefits - Many international students and part-time workers need to remit part of their income back home, facing high fees with frequent remittances; YY Group offers a lower-cost, faster alternative through stablecoin channels [2] - Some part-time workers choose to hold their income in stablecoin form to mitigate the impact of local currency depreciation on their savings, enhancing capital flexibility and risk resistance [2] Leadership Insights - YY Group's CEO Mike Fu emphasized that cross-border payments remain a pressing challenge, and the partnership with Obita will provide quicker, more transparent, and cost-effective settlement options for workers and clients globally [3] - Obita's co-founder and CEO Zhang Dayong highlighted that YY Group represents a scalable, high-frequency, and real transaction entity, showcasing the value of compliant stablecoin infrastructure in this context [3] - The partnership was officially announced at the PayFi Summit during the TOKEN2049 conference, discussing the application prospects of stablecoins in the global labor market and the collaborative approach to drive digital transformation in the industry [3]

其Visa Direct平台的试点稳定币项目将允许金融机构使用预先注资的稳定币。 ...

在全球经济格局深度调整、金融创新加速演进的当下，2025 年 9 月 27 日，"环球 RWA 暨稳定币研讨峰会" 首站于香港丽豪航天城酒店隆重拉开帷幕。此次峰会汇聚了业界及机构高管、学术专家和企业领袖，旨在搭 建跨界交流桥梁，为 RWA 和稳定币的高质量发展注入思想动能。 首先登台的是 RWA 公链委员会主席本杰明（美国），他围绕 RWA 公链的发展现状与未来前景展开分享， 为大家带来了国际视角下的前沿见解。紧接着，RWAC 公链发起人之一蕾雅（法国）登场，她深入剖析了 RWAC 公链的发起初衷与核心优势，让与会者对这一领域有了更清晰的认识。紫荆 RWA 首席执行官陈波安 博士（香港）也带来了精彩的演讲，从紫荆 RWA 的运营实践出发，探讨了 RWA 领域的创新与挑战。 在一场动人的歌唱演出后，峰会进入签约环节。紫荆 RWA 签约仪式顺利举行，标志着相关合作迈出了坚实 的一步。随后，RWA 与 RWAC 合作签约仪式的完成，更是将现场氛围推向一个小高潮，彰显了不同主体在 RWA 领域携手共进的决心。 在签约仪式后，又一场精彩的歌舞表演为峰会增添了艺术氛围。随后，稳定币前沿研究报告环节开启，林凯 文教授（台湾 ...

稳定币发行商Circle正在探索一种此前在加密圈颇具争议的新机制——使其代币USDC的交易在特定情况下具备可逆性。 Circle总裁Heath Tarbert在上周四（9月25日）接受《金融时报》采访时表示，公司正在研究一种机制，使交易在发生欺诈或黑客事件时可以"逆转"，但同时 仍保持结算的最终性。但Tarbert同时也坦言，在保证交易即时结算的最终性与实现交易可逆性之间，存在一定的"内在矛盾"。 长期以来，加密领域一直强调与传统金融的差异，而交易不可篡改性被视为区块链的核心特征。对于部分坚定的加密货币拥护者而言，Circle的探索几乎具 有"异端"色彩。一位知名风险投资人甚至直言，将Circle此类可逆交易机制称作区块链的尝试，具有一定的"冒犯性"。 随着银行和信用卡公司开始探索以稳定币为基础的跨境支付，消费者保护的需求也随之上升。在这一背景下，Circle提出可逆交易的尝试虽然引发争议，却 也体现了业界对区块链必须适应主流金融要求的日益认可。 事实上，可逆交易在实际案例中已经显示出其潜在价值。5月22日，去中心化交易所Cetus遭遇黑客攻击，损失超过2.2亿美元数字资产，其中验证者成功冻 结了1.62亿美 ...

Group 1: Hong Kong IPO Market - The Hong Kong IPO market has seen a significant increase in activity, with a total fundraising amount of approximately 1,823.97 billion HKD (234.37 billion USD) in the first nine months of 2025, representing a year-on-year increase of 227.15% [2] - In Q3 2025, the fundraising amount reached 735.17 billion HKD (94.47 billion USD), which, despite being lower than the previous quarter, was still 74.12% higher than the same period last year [2] - Major IPOs in Q3 included Zijin Gold International and Chery Automobile, raising 249.84 billion HKD (32.10 billion USD) and 91.45 billion HKD (11.75 billion USD) respectively [9][10] Group 2: Comparison with US IPO Market - The US IPO market has shown a different trend, with the Nasdaq and NYSE raising 15.075 billion USD and 15.204 billion USD respectively in the first three quarters of 2025, marking year-on-year increases of 7.73% and 29.78% [2] - Despite the overall lower fundraising in the US compared to Hong Kong, the US market has seen notable IPOs driven by AI and stablecoin concepts, with companies like Klarna and Circle raising significant amounts [5][15] - The Nasdaq China Golden Dragon Index has increased by 28.69% this year, outperforming the S&P 500 and Nasdaq indices, yet the number of Chinese concept stocks going public in the US has significantly decreased [4][16] Group 3: Future Outlook - The Hong Kong IPO market is expected to remain active, with 331 applications pending as of late August 2025, and a notable increase in applications in September [12] - The trend of A-share companies choosing to list in Hong Kong is evident, with major firms like CATL and Hengrui Medicine leading the charge [10][14] - The ongoing interest in biotech companies, particularly unprofitable ones, has resulted in substantial stock price increases, indicating strong market support for innovative sectors [13][14]

Core Insights - Visa is testing a pilot project to offer financial institutions, banks, and remittance service providers the option to use pre-funded stablecoins for cross-border payments, aiming to enhance payment speed and flexibility while preventing long-term fund immobilization [1][2] - The pilot will utilize USD stablecoin USC and EUR stablecoin EURC issued by Circle, leveraging Visa Direct's real-time processing platform [1] - This initiative addresses concerns about insufficient account funds causing delays in service for end-users, particularly during non-operational hours of traditional payment systems [1] Group 1 - Visa Direct currently facilitates fund transfers to approximately 11 billion Visa cards, bank accounts, and digital wallets across 195 countries [1] - The addition of stablecoin support allows clients to fund their global account networks in real-time, mitigating delays caused by existing payment systems during non-working hours [1] - Since 2021, Visa has been integrating stablecoins into its network, processing over $225 million in stablecoin transactions to date, although this still represents a small fraction of the total $16 trillion payment cash flow for fiscal year 2024 [2] Group 2 - Visa Direct also serves other applications, such as paying gig economy workers and providing instant withdrawal options for cryptocurrency exchange customers [2] - This service is a cornerstone of Visa's strategy to expand beyond traditional credit card business into inter-business payment sectors [2] - The lucrative business of Visa Direct faces intense competition, with banks like JPMorgan developing blockchain-based products to offer faster payment solutions for corporate clients [2]