Product Launch - Circle launches Bridge Kit to simplify crosschain development with less than ten lines of code [1] - Bridge Kit aims to improve developer experience (DevEx) for stablecoin app builders [1] - The initial version of Bridge Kit supports USDC via CCTP V2, with plans to include more stablecoins and crosschain services [1] - Bridge Kit is the first in a suite of app kits designed to streamline onchain DevEx and accelerate the transition from prototype to production [1] Features & Benefits - The Bridge Kit offers intuitive SDK methods, built-in monetization support, and flexible setup [2] - Step-by-step tutorials are provided to assist developers [2]

💧 @realtbook is live on Sui - turning verified onchain actions into automatic stablecoin payouts.Projects can now reward real contributions from people, communities, and AI agents - fueling tokenized assets (incl. RWAs) on Sui.Programmable rewards for the digital economy. https://t.co/boJeHAZkvy ...

OCC Chief Plays Down Stablecoin 'Bank Run' Fears► https://t.co/0bLDky4psD https://t.co/0bLDky4psD ...

Asia’s Stablecoin Race Sees Top Companies Vie for Dominance, Test Policy Lines► https://t.co/IMPrrly4Pv https://t.co/IMPrrly4Pv ...

This desire for compute has seen companies pivot. Cool. We've Once Upon a Time was a crypto miner and now it's a key neo cloud.What are you making of all those trying to ride that wave and hiring key executives to do so. Look, at the end of the day, you're going to go where you know, whoever pays you the most and where you can sell the highest price. And to your point, the Bitcoin miners have a secured grid power.It gives them that strategic advantage. If you think about data center space. And so I think ri ...

Core Insights - The GENIUS Act represents a significant step towards regulating the cryptocurrency and stablecoin sectors, but its effectiveness will depend on how regulators address existing gaps and implement the law [1][3][4] Regulatory Framework - The GENIUS Act is seen as a foundational framework rather than a complete regulatory architecture, indicating that further work is needed to establish detailed rules [3] - Federal and state regulators' interpretations and enforcement of the GENIUS Act will be crucial in determining the stability and trustworthiness of the U.S. stablecoin ecosystem [4][5] Reserve Asset Risks - The act allows for digital assets like Bitcoin to be used as reserve assets for stablecoins, which could introduce volatility and undermine the stability implied by the term "stablecoin" [5][6][7] - There are concerns regarding the inclusion of uninsured deposits in reserve requirements, reminiscent of past banking failures [9][10] Regulatory Fragmentation - The GENIUS Act empowers multiple federal and state agencies to oversee stablecoin issuers, which may lead to inconsistent regulations and a "race to the bottom" in oversight [11][12] - The broad definition of permissible activities for stablecoin issuers could create regulatory ambiguities, where one regulator's approved activity may be viewed as prohibited by another [13][14] Alternative Solutions - Tokenized deposits are presented as a viable alternative to stablecoins, offering the benefits of traditional banking, such as deposit insurance and regulatory oversight, while still enabling digital transactions [16][17][18]

RT Token Relations 📊 (@Token_Relations)Daily stablecoin transfers on @0xPolygon just hit an all-time high of 3.78M, with @USDC accounting for 1.76M of it https://t.co/hdHs3MPPZ6 ...

👀 Top Crypto Fundraising Last Week1️⃣ @tempo – $500M; Stablecoin L12️⃣ @daylightenergy_ – $75M; DePIN3️⃣ @jito_sol – $50M; Solana LST, MEV4️⃣ @bpn_network – $50M; Cross-Border Payments, CeDeFi5️⃣ @useTria – $12M; Crypto Neobank6️⃣ @inference_net – $11.8M; AI, DePIN7️⃣ @dsrvlabs – $9.55M; Staking-as-a-Service8️⃣ @CrownBRLV – $8.1M; Non-USD Stablecoin9️⃣ @OrochiNetwork – $8M; ZK, Data Service🔟 @4aibsc – $6M; AI Agents, Marketplace ...

Core Insights - The incident involving Paxos highlights the significant differences between digital and traditional finance, particularly in the realm of stablecoin issuance, where a technical error led to the accidental minting of $300 trillion of PayPal's PYUSD stablecoin [1][5] - Paxos confirmed that the error was an internal technical issue with no security breach, ensuring that customer funds remained safe [2][4] - The event raised concerns among investors about the mechanics of stablecoins, despite the fact that the actual backing of the assets was never at risk [3][4] Company Insights - Paxos is responsible for issuing the PYUSD stablecoin, which has a current market cap of $2.7 billion and is fully backed by US dollar deposits and cash equivalents [3] - The incident serves as a reminder of the need for better internal controls among digital asset issuers to prevent similar occurrences in the future [5] - No customer funds were affected by the incident, as the excess PYUSD was quickly identified and destroyed before any transactions occurred [7] Industry Insights - The growing use of stablecoins for low-cost and fast transactions, especially in cross-border payments, underscores the importance of understanding their mechanics [3] - The ability of digital asset issuers to create and destroy large amounts of currency instantaneously raises questions about the stability and regulation of the crypto market [5] - Similar errors in traditional finance may go unnoticed longer, highlighting a potential advantage of blockchain transparency [7]

Beijing Halts Tech Giants' Stablecoin Ambitions in Hong Kong: FT► https://t.co/qWbKQw4vaY https://t.co/qWbKQw4vaY ...