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]

Ripple, the payments-focused blockchain firm closely related to the XRP Ledger (XRP), is taking its U.S. dollar-backed stablecoin Ripple USD (RLUSD) to Ethereum layer-2 (L2) blockchains including Optimism, Coinbase's Base, Kraken's Ink and Uniswap's Unichain in a push to embed the $1.3 billion token deeper into the multichain ecosystem. The company, announcing the move Monday, said it is starting with a test phase ahead of a wider rollout expected next year, pending regulatory approval by the New York De ...

Crypto Fundraising Overview - Top 10 crypto projects raised a total of $215.5 million last week [1] - LI.FI leads with $29 million raised for cross-chain API [1] - Real Finance also raised $29 million for L1 and RWA [1] Project Categories - Cross-Chain API: LI.FI raised $29 million [1] - L1 & RWA: Real Finance raised $29 million [1] - NFT & P2E: KOI raised $25 million [1] - Staking: TenX Protocols raised $22 million [1] - Payments: MetaComp raised $22 million [1] - Data Service & AI: Surf raised $15 million [1] - AI & L1: Helios raised $15 million [1] - RWA & Perpetuals: Cascade raised $15 million [1] - Non-USD Stablecoin: Crown raised $13.5 million [1] - Yield Aggregator: YO raised $10 million [1]

JPMorgan Chase’s $4 trillion asset-management division is launching its first tokenized money-market fund on the Ethereum blockchain, according to a Wall Street Journal report. The bank will initially seed the vehicle with $100 million of its own capital before opening it to external investors from Tuesday. JPMorgan Brings Money Markets Onchain According to the WSJ report the private fund, called the My OnChain Net Yield Fund — or “MONY” — is built on JPMorgan’s in-house tokenization platform, Kinexys ...