Network Performance - TRON 网络日处理 2960 万笔 USDT 交易 [1] - TRON 网络每周转账额达 210 亿美元 [1] - TRON 网络上 USDT 的供应量为 816.9 亿 [1] - TRON 网络为超过 10 亿笔转账提供零费用结算 [1] - TRON 网络月度 DEX 交易量为 38 亿美元 [1] Infrastructure Scaling - 网络指标表明基础设施持续扩展 [1]

stablecoin markets splitting into two clear paths:• regulated: banking licenses + government approval• alternative: mining + broader crypto integration$159.9B USDT + USDC creating parallel systemsus treasuries in reserves:• circle: 100%• tether: 88%infrastructure race accelerates ...

everyone's tracking ETF billions, missing the bigger storystablecoin markets are splitting into two worlds:• Circle: US banking license + EU approval, building compliant rails• Tether: $8B gold reserves, offshore expansion, mining focusthis divide shapes how money moves more than any ETF ...

（原标题：华尔街为何疯抢这只的稳定币股票？） 作者 | 黄绎达 编辑 | 郑怀舟 我们在之前发布的策略文章《全球爆火的稳定币暗藏哪些投资机会？》中，已对稳定币市场的基本情况 展开详细介绍，涵盖稳定币的类型、当前的市场规模、未来的发展预期等核心内容。而关于稳定币市场 本身，其主要参与者包括发行人、交易平台、技术供应商和客户。 作为稳定币第一股的Circle是目前稳定币市场最主要的发行人之一，公开资料显示，截至2025Q2，由其 发行的稳定币USDC的总市值约600亿美元，约占稳定币市场份额的24%。在竞争格局方面，稳定币市 场目前由两大寡头垄断，由Tether发行的USDT在同期总市值的市场份额高达60%，Circle发行的USDC 总市值排名次之，而且Circle的USDC与Tether的USDT 这两大币种合计的市场份额则达到了惊人的 84%，其他稳定币种的总市值要远低于这两大巨头。 近期， A股市场中稳定币概念表现火爆，wind稳定币指数自6月3日发布至今（截至7月11日），期间指 数最大涨幅超过40%，可以说稳定币是近期A股最热门的话题之一。 与此同时，随着稳定币发行人Circle于6月初在纽交所上市， ...

notice how tron processes $21B in weekly USDT transfers versus ethereum's $8Bnetwork now handles 29.6M USDT transactions, leading all chains in stablecoin activitytotal USDT on tron reaches 81.69B after latest mint, representing over 50% of global supplyquarterly volume hit $1.93T in Q2 ...

USDT Supply on Tron Network - Tether minted another 1 billion $USDT on Tron Network [1] - Since January 29, Tether has minted a total of 22 billion $USDT on Tron Network [1] - Tron Network's $USDT supply has reached 81.69 billion [1]

Market Overview - A-shares experienced a slight increase on July 11, with the Shanghai Composite Index rising marginally, while the Shenzhen Component and ChiNext Index saw modest gains [1] - The total trading volume in the Shanghai and Shenzhen markets reached 1.71 trillion yuan, an increase of 218 billion yuan compared to the previous trading day, marking the highest trading volume since March 15 [1] Sector Performance - Strong performance was observed in sectors such as securities, rare earth permanent magnets, and CRO (Contract Research Organization), with several stocks hitting the daily limit [2][1] - Conversely, the banking sector faced a decline, with nearly 20 bank stocks, including Shanghai Pudong Development Bank and Changsha Bank, dropping over 2% [1][2] Institutional Insights - According to Jifeng Investment Advisors, the market is recovering due to rising expectations of a Federal Reserve interest rate cut, which enhances risk appetite in the domestic market [3] - China International Capital Corporation (CICC) noted that domestic power grid investment remains robust, with expectations for accelerated approvals in the third quarter, indicating a positive trend for the next few years [3] - CITIC Securities highlighted the stability of the banking sector's returns, supported by macroeconomic and regulatory policies, and suggested that trading funds will focus on undervalued stocks in the near term [3] Regulatory Updates - The Shenzhen Stock Exchange has revised the compilation scheme for the ChiNext Composite Index, introducing a monthly removal mechanism for stocks under risk warning and an ESG negative removal mechanism for stocks rated C or below [4] Industry Developments - The China Coking Industry Association held a market analysis meeting, where representatives from key coking enterprises agreed on the necessity to raise coking prices in response to current market conditions [5]

Group 1: Core Concept of Stablecoins - Stablecoins are cryptocurrencies designed to maintain a stable value, typically pegged to fiat currencies or commodities [1] - They emerged to address the volatility of cryptocurrencies like Bitcoin, simplifying the transaction process by allowing users to exchange fiat for stablecoins, which can then be traded on-chain [2] Group 2: Operational Logic - Stablecoins are issued with a 1:1 peg to specific assets, ensuring that for every stablecoin issued, an equivalent asset is held in reserve [3] - When users redeem stablecoins, the corresponding amount is destroyed, and the equivalent reserve asset is paid out, maintaining a synchronized supply [4] Group 3: Types of Stablecoins - Stablecoins can be categorized into four main types: fiat-collateralized (e.g., USDT, USDC), commodity-collateralized (e.g., PAXG), crypto-collateralized (e.g., DAI), and algorithmic stablecoins (e.g., USNBT) [5] Group 4: Regulatory Landscape - In August 2023, Singapore's Monetary Authority released a regulatory framework for stablecoins, followed by the EU's Crypto Asset Market Regulation in December 2024 [6] - Hong Kong is set to implement its Stablecoin Ordinance in August 2025, with several institutions participating in a regulatory sandbox [8] Group 5: Market Outlook - As of July 2025, the global stablecoin market comprises 264 types with a total market capitalization exceeding $255 billion, with projections suggesting it could reach $2 trillion in the coming years [10] - However, JPMorgan has a more conservative estimate, predicting a market size of only $500 billion by 2028, indicating a growth rate of over 25% regardless of the outlook [10] Group 6: Investment Opportunities - Key exchanges include Coinbase, Robinhood, and OSL, which are integral to the stablecoin ecosystem [12] - Major issuers like Circle, which issues USDC, derive most of their revenue from reserve asset yields, making their profitability closely tied to interest rates [14] - Other notable players include PayPal with its PYUSD stablecoin and various entities in the JD and Yuan ecosystems focusing on cross-border payments [16][17][18]

Key Highlights - Plasma 网络在吸引了 10 亿美元存款后，计划进行 XPL 代币销售 [1] Cryptocurrency and Blockchain - Bitcoin Stablecoin Network Plasma 启动 XPL 代币销售 [1]

RT Sei (@SeiNetwork)Native @USDC and CCTP V2 by @circle are coming to @SeiNetwork, bringing the world’s largest regulated stablecoin to the fastest L1 blockchain.Markets Move Faster on Sei. https://t.co/yUag5dP5vW ...