Company Overview - TIS has been a long-standing provider of Japan's financial infrastructure [1] - TIS is now scaling globally with AvaCloud [1] Technology and Platform - The Multi-Token Platform, built on Avalanche (@avax), extends TIS's infrastructure on-chain [1] - The platform enables regulated stablecoins and tokenized assets for institutions worldwide [1]

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Core Insights - Circle is advancing towards the launch of its payments-focused Arc blockchain, with a public testnet now available for over 100 institutional partners [1][5] - The stablecoin market, valued at $300 billion, is increasingly integrated into traditional finance, with projections indicating stablecoins could reach $4 trillion by the end of the decade [3][4] - Arc aims to facilitate various financial services, including tokenized funds and cross-border payments, with features like U.S. dollar-based fees and sub-second settlement [5] Industry Engagement - Major financial institutions such as Visa, HSBC, BlackRock, and Deutsche Bank are participating in the Arc testnet, exploring its potential for enhancing payment infrastructure and capital markets [6][7][8] - The involvement of both traditional finance and digital asset firms highlights a growing interest in blockchain technology for operational efficiencies and transparency in financial transactions [6][8] - Companies like Invesco and Société Générale are specifically testing how Arc can improve the efficiency of tokenized funds and programmable settlement processes [8]

Core Viewpoint - Ant Group's trademark application for a digital asset named Antcoin highlights its ambitions in the digital asset space, particularly as it seeks to navigate regulatory challenges in Hong Kong [1][5]. Group 1: Antcoin Trademark Application - Ant Group's affiliate, Advanced New Technologies, applied for a trademark for Antcoin in Hong Kong, indicating the company's intent to develop a digital asset amidst regulatory scrutiny [1][3]. - The trademark application outlines that Antcoin would be utilized for various purposes, including insurance, online payment services, blockchain-based financial transactions, and digital asset trading [2]. Group 2: Regulatory Environment - The application for Antcoin comes at a time when Chinese regulators have imposed restrictions on digital asset activities, asking mainland firms to pause their tokenization and stablecoin initiatives [6]. - Pan Gongsheng, governor of the People's Bank of China, stated that stablecoins are still in early development stages and do not meet essential requirements, such as customer identification and anti-money laundering [7]. Group 3: Ant Group's Strategic Moves - Ant Group announced plans to apply for a stablecoin issuer license in Hong Kong, aiming to expand its Web3 businesses in the region as Hong Kong positions itself as a digital asset hub [4][3]. - Despite the trademark application, Ant Group has not yet issued Antcoin or any other digital asset tokens, reflecting the cautious approach the company is taking amid the current regulatory landscape [5].

📰 #AscendEX Daily Updates🔷Currently, 353 Bitcoin treasury entities hold over 4.04 million BTC.🔷The South Korean National Assembly has proposed a bill to include stablecoins under foreign exchange trading regulations for the first time.🔷UK-based cryptocurrency company KR1 plans to list on the London Stock Exchange.#AscendEX #Crypto #CryptoNews ...

Market Trends - Argentines are using dollar stablecoins as a hedge against peso fluctuations [1] Currency Dynamics - Argentines exchanged pesos for dollar stablecoins due to local currency price fluctuations [1]

RT Ryan Watkins (@RyanWatkins_)I’ve long thought DeFi had an asset problem, not a tech problem.Take a look at the top volume and revenue drivers across lending and exchange markets — 70%- 90% of activity is done in majors and stablecoins.The long-tail of assets is poor quality and high turnover, leaving the size of majors as the limiting factor on growth for the onchain financial system.This is fine in a bull market when BTC and ETH are rising, but means activity falls off a cliff in bear markets.Uploading ...

Core Insights - The dominance of USD-linked stablecoins like USDT and USDC, which account for over 99% of the $300 billion market, indicates a potential shift in global liquidity dynamics if a yuan-backed stablecoin captures a significant market share [1][6][7] - The dollar's share of global FX reserves is currently at 56.32%, and a decline below 55% by 2027 could signal a major shift in reserve structures and diversification of state money [2][3][6] - The rise of AI in financial infrastructure is accelerating changes in liquidity and settlement, with the Bank for International Settlements warning of increased systemic risks [5][24] Stablecoins and Global Liquidity - Stablecoins are becoming informal policy instruments in high-inflation economies, providing a digital hedge against currency collapse [9][10][8] - In Argentina, stablecoins account for over 60% of crypto transactions, and their destabilizing effects may arise if they exceed 20-25% of retail payments [10][11] - The annual on-chain settlement now exceeds $35 trillion, indicating a robust demand for USD beyond traditional banking systems [7][8] Central Bank Digital Currencies (CBDCs) - 94% of central banks are currently piloting CBDCs, reflecting a trend towards diversification and digitalization of state money [6][3] - A significant shift in reserve structures is anticipated if CBDC flows exceed $1 billion annually, marking a transition from theoretical diversification to practical policy [2][3] - China's e-CNY has processed 7 trillion yuan in transactions by mid-2025, showcasing the potential for state-led digital currencies to reshape financial systems [16][18] Tokenization and Sovereign Debt - Tokenization is gaining traction, with projections suggesting that 5% of new sovereign issuance could be tokenized by 2028, primarily in Asia and Europe [14][15] - The market for tokenized treasuries has already surpassed $5.5 billion, indicating a shift from pilot projects to practical applications [13][14] - The convergence of public and private efforts in tokenization suggests a gradual reform of traditional financial systems [15] Geopolitical Implications - The emergence of a "state-led Web3 bloc" between Russia and China could redefine global trade dynamics, especially if 50% of their trade shifts to digital assets [19][20] - The EU's ban on a ruble-backed stablecoin highlights the increasing use of digital assets as tools in financial conflicts [21] - The potential for blockchain technology to enhance transparency in government procurement systems could provide democracies with a governance advantage [26] Conclusion - The analysis suggests that the evolution of monetary power is shifting towards a more data-driven and shared system, rather than a complete disruption of the existing dollar-dominated framework [27][28]

Core Viewpoint - Visa Inc is expected to report strong fourth-quarter financial results, with analysts predicting revenue growth and earnings per share increase compared to the previous year [1][2]. Earnings Estimates - Analysts forecast Visa's fourth-quarter revenue to be $10.61 billion, an increase from $9.62 billion in the same quarter last year [1]. - Expected earnings per share for the fourth quarter are $2.97, up from $2.71 in the previous year [2]. Recent Performance - Visa has exceeded analyst revenue estimates in four consecutive quarters and in nine of the last ten quarters overall [2]. - The third-quarter results showed a revenue increase of 14% year-over-year and earnings per share of $2.98, with payments volume up 8% and processed transactions up 10% year-over-year [7]. Market Sentiment - Jay Woods, Chief Market Strategist at Freedom Capital Markets, highlighted Visa as a key stock to watch, noting concerns over competition and high valuation expectations [3]. - The stock has not shown significant movement recently, reflecting market apprehension [3]. Key Items to Watch - Investors will be looking for commentary on volume growth and competition from alternative payment methods, as any signs of slowing growth or margin compression could negatively impact stock performance [4]. - The earnings report follows a strong performance from American Express, which may positively influence Visa's results [5][8]. Analyst Ratings - Recent analyst ratings include Citigroup initiating a Buy rating with a price target of $450, Wells Fargo with an Overweight rating and a price target of $412, and Baird raising its price target from $400 to $410 while maintaining an Outperform rating [7]. Stock Performance - Visa's stock was trading at $349.34, with a 52-week range of $281.35 to $375.51, and has increased by 10.5% year-to-date in 2025 [9].

Core Insights - JPYC has launched a yen-pegged stablecoin, fully backed by yen deposits and Japanese government bonds, aiming to bridge traditional banking and blockchain payments [1][2] - The stablecoin market is dominated by dollar-pegged stablecoins, which account for 99.6% of the $308 billion market, while yen-pegged stablecoins represent only 0.2% [3][4] - JPYC plans to issue up to ¥10 trillion (approximately $66 billion) of the new stablecoin over the next three years, with no transaction fees at launch [5][6] Company Developments - JPYC's stablecoin complies with Japan's updated regulations on digital money, ensuring investor protection and transparency [6] - The launch coincides with Japan's three megabanks preparing to introduce their own stablecoins, indicating a competitive landscape [6][7] Market Context - Analysts predict significant growth in the stablecoin sector, with forecasts of reaching over $3 trillion by 2030 [4] - Stablecoin issuers are becoming major holders of US Treasuries, indicating their growing influence in the financial market [3][4]