What is the difference between a stable coin and a US dollar. The dollars that we typically transact with today, the digital dollars that we use are typically our bank deposits, right. And those are liabilities of the bank.The bank takes your deposits, it loans it out, and that's how banks make money. Stable coins are fully 100% reservebacked with cash and short-term treasuries. And so if you talk to Jeremy Aair who's the CEO of Circle, one of the largest stablecoin issuers, he'll say that stablecoin is a b ...

NEW: 🔥 JPMorgan CEO Jamie Dimon claims on CNBC he's "a believer in stablecoin, a believer in blockchain" https://t.co/SCHEFJ5pVZ ...

Stablecoin Launch - AllUnity, backed by DWS Group, Flow Traders, and Galaxy Digital, has launched EURAU, a fully regulated euro stablecoin on Ethereum [1] - EURAU aims for corporate adoption under the EU's MiCA framework [1]

Stablecoin Integration - Visa expands stablecoin settlement capabilities [1] - Visa adds support for PayPal's PYUSD, Paxos-issued USDG, and Circle's EURC [1] - Visa integrates Stellar and Avalanche blockchains [1]

Partnership & Promotion - Falcon Finance partners with World Liberty Fi to promote stablecoin usage [1] - A two-week campaign is launched on PancakeSwap to boost USD1/USDf trading and liquidity provision on BNB Chain [1] Incentive Program - Liquidity providers for USD1/USDf receive 60x Miles rewards [1] - Traders of USD1/USDf receive 3x Miles rewards [1] - An additional $14,000 USDf is allocated as extra rewards [1]

A new set of rules governing stablecoin issuers in Hong Kong takes effect on Friday as Asian authorities step up regulatory efforts https://t.co/c3zG6jTI5m ...

Project Expansion - OpenUSDT is now live on build_on_bob, aiming to expand into the Bitcoin DeFi ecosystem [1] - This expansion seeks to unlock stablecoin rails to scale BTCFi across Chainlink CCIP or Hyperlane compatible chains [1] Technology & Partnership - Chainlink CCIP powers secure cross-chain transfers of oUSDT into the BTCFi ecosystem [1] - CCIP enables oUSDT to serve as the liquidity layer fueling BTCFi across the multichain ecosystem [1]

The Hong Kong Monetary Authority stated that, because the industry's current ongoing monitoring tools have not fully satisfied to effectively manage money laundering and financial crime risks, the identity of every compliant stablecoin holder in Hong Kong will initially be verified, and a real-name system will be temporarily adopted for stablecoin holders in Hong Kong. https://t.co/RUFAIiBDkZ ...

Financial Data and Key Metrics Changes - In the first half of 2025, revenue grew by 6% to $35.4 billion, while profit before tax increased by 5% to $18.9 billion, resulting in an annualized return on tangible equity of 18.2%, up 1.2% year on year [1][3][4] - For the second quarter, revenue was $17.7 billion, reflecting a 5% year-on-year growth driven by fee and other income [21][26] Business Line Data and Key Metrics Changes - The Hong Kong home market business attracted 100,000 new customers monthly, with deposits increasing by $83 billion year-on-year [2][4] - The UK loan book grew by $6 billion over the quarter, with a 4% year-on-year increase [2][25] - Commercial Banking saw a recovery in lending growth, with loans increasing by $3.5 billion [3] - Wealth business fee and other income grew by 22% year-on-year, with net new invested assets of $22 billion in the quarter [25][31] Market Data and Key Metrics Changes - In Hong Kong, deposits grew by 9% over the last twelve months on a constant currency basis [24] - The banking net interest income (NII) guidance for 2025 is reiterated at around $42 billion, despite headwinds from lower HIBOR rates [4][28] Company Strategy and Development Direction - The company is focused on organizational simplification to enhance agility and cost efficiency, targeting $1.5 billion in savings by 2026 [6][7] - Investments are being made in priority growth areas, particularly in wealth management and transaction banking, to capture affluent customer segments in Asia and the Middle East [6][10][100] - The company is exiting non-strategic activities to reallocate resources towards areas with competitive advantages [8][35] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's position amidst macroeconomic uncertainty, emphasizing strong financial health and customer relationships [4][16] - The outlook for Hong Kong's commercial real estate remains cautious, with expectations of stabilization in residential development but ongoing challenges in the office sector [70][72] Other Important Information - A second interim dividend of $0.10 per share was announced, alongside a share buyback of up to $3 billion, bringing total shareholder distributions for the half year to $9.5 billion [3][23] - The company is modernizing operations through AI and automation to improve productivity and customer service [15] Q&A Session Summary Question: Clarification on Banking NII Guidance - The banking NII guidance of $42 billion includes market expectations of HIBOR returning above 2% in the third quarter, with a $100 million monthly impact from HIBOR at 1% [40][43] Question: Impact of Tariffs on Revenue - The company noted that tariffs have always been a part of global trade, and despite recent shifts in U.S. tariff policy, trade fees and other income grew by 4% [48][52] Question: Impairments and Hong Kong CRE Outlook - Management indicated that the Hong Kong commercial real estate market is under scrutiny, with a focus on a small portion of the portfolio that requires attention, while overall confidence in the market remains [70][72] Question: Sustainability of Non-Interest Income Growth - The company highlighted strong performance in non-interest income driven by wealth management and FX, but acknowledged the potential volatility based on market conditions [94][102]

🇨🇳 NEW: China's e-commerce giant JD. com registered two potential stablecoin-linked entities, Jcoin and Joycoin, ahead of Hong Kong's stablecoin regime launch. https://t.co/9fZtfmhdyw ...