日元稳定币JPYC

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对不起。稳定币并不能帮你一夜暴富。
Sou Hu Cai Jing· 2025-08-30 05:48
Group 1 - The core viewpoint of the article emphasizes the growing importance of stablecoins in the global financial landscape, driven by regulatory developments in major economies like the US, Europe, Japan, and China [3][5][30] - As of March this year, the global circulation of stablecoins has surpassed $200 billion, with leading companies like Circle issuing over $1 billion in stablecoins weekly [5][30] - Stablecoins are fundamentally different from cryptocurrencies like Bitcoin, as they are designed for stability and transactional use rather than speculative investment [5][6][30] Group 2 - Stablecoins serve as a "receipt" for fiat currencies, ensuring their value is backed by real assets such as cash or government bonds [6][8] - The use of stablecoins can significantly reduce transaction costs, especially for cross-border payments, by eliminating the need for intermediaries like banks [9][12][14] - Smart contracts associated with stablecoins can automate trust in transactions, reducing reliance on traditional banking systems [15][20][22] Group 3 - Issuing stablecoins allows companies to earn interest on the substantial reserves backing these digital assets, effectively functioning as a "shadow bank" [23][24] - The issuance of stablecoins can influence global financial dynamics, particularly in terms of international trade and monetary sovereignty [24][31] - The US promotes stablecoins to enhance its financial power through the dollar, while China views them as a means to internationalize the renminbi [31][32] Group 4 - The article suggests that the real opportunities in the stablecoin market lie not in trading the coins themselves but in providing services and infrastructure around them, such as digital wallets and supply chain finance solutions [35][36]
美国房地产市场仍弱——全球经济观察第9期【陈兴团队•财通宏观】
陈兴宏观研究· 2025-08-23 16:02
Global Asset Price Performance - US Treasury yields declined, with the 10-year yield down by 7 basis points, likely due to dovish comments from Powell at the Jackson Hole meeting [2] - Major global stock markets saw mixed results, with the S&P 500 and Dow Jones increasing by 0.3% and 1.5% respectively, while the Nasdaq Composite fell by 0.6% [2] - Oil prices rebounded, with WTI and Brent crude rising by 1.4% and 2.9% respectively, and gold prices increased by 1.1% [2] - The US dollar index decreased by 0.1% [2] Major Central Bank Monetary Policies - Powell signaled a dovish stance at the Jackson Hole meeting, indicating that the Fed may need to adjust its policy stance due to increased risks of employment downturn and reduced inflation risks [4] - The Fed's July meeting minutes suggested that officials believe interest rates are close to neutral, and maintaining the current stance is appropriate [4] - The Bank of Japan approved the first domestic yen stablecoin, JPYC, supporting financial technology innovation [4] US Economic Dynamics - The US housing market remains weak, with July new housing starts showing a year-on-year increase primarily due to a low base from the previous year [8] - The NAHB housing market index slightly decreased to 32, remaining in negative territory for 16 consecutive months [8] - The US has added 407 steel and aluminum products to its tariff list, with a 50% tax rate, which may increase procurement costs for downstream manufacturing companies [9] Other Regional Economic Dynamics - The Eurozone showed resilience with a 0.1% GDP growth in Q2 and a July CPI annual rate of 2%, aligning with the ECB's target [19] - Japan's long-term bond yields have risen, with the 20-year yield reaching 2.7%, the highest since 1999, driven by inflation expectations and concerns over fiscal expansion [19]