World Liberty Financial, the cryptocurrency project backed by U.S. President Donald Trump, announced a major expansion onto the Solana blockchain through partnerships with memecoin platform Bonk and decentralized exchange Raydium. The collaboration, unveiled on November 5, marks a strategic push to integrate the project’s USD1 stablecoin into Solana’s fast-growing decentralized finance (DeFi) ecosystem. WLFI Pushes USD1 Stablecoin Into Solana’s Core DeFi Layer In a post on X, the project stated that it ...

Core Insights - The article discusses the rapid expansion of stablecoins and their profound impact on the international monetary system, emphasizing the need for regulatory frameworks and reforms to address structural changes in the currency circulation domain [2][3][4]. Group 1: Overview of Stablecoins - Stablecoins are a significant innovation in the cryptocurrency sector, effectively addressing the high volatility issues prevalent in the cryptocurrency market by anchoring to fiat currencies or other assets [3][4]. - The market value of stablecoins has surged from under $2 billion in October 2017 to nearly $170 billion by October 2024, with a notable increase in transaction volumes during 2020 and 2021 [13][14]. - USDT, as the leading stablecoin, holds approximately two-thirds of the market share, followed by USDC and DAI, highlighting the dominance of dollar-pegged stablecoins [13][14]. Group 2: Impact on International Monetary System - Stablecoins enhance the efficiency of cross-border payments and may replace some functions of traditional reserve currencies under specific conditions, posing challenges to the existing payment ecosystem [4][5]. - The reliance on stablecoins, particularly those pegged to the US dollar, may lead to increased dollarization in smaller economies, threatening the sovereignty of local currencies [4][5][6]. - The cross-border nature and technological complexity of stablecoins present significant challenges for international regulation, including jurisdictional issues and compliance risks [4][5][6]. Group 3: Theoretical Framework and Analysis - The article introduces the concept of "currency circulation domain" to analyze the relationship between stablecoins and the international monetary system, focusing on spatial, institutional, and functional dimensions [5][19]. - The analysis reveals that the expansion of stablecoins is driven by the dysfunction of the current international monetary system, creating a demand for new tools and institutions [19][20]. - The emergence of stablecoins has blurred the boundaries of traditional currency circulation, particularly as they are increasingly adopted by traditional payment systems [30][31]. Group 4: Regulatory and Policy Recommendations - The article calls for enhanced regulatory measures and international cooperation to address the challenges posed by stablecoins, particularly in the context of their rapid growth and impact on monetary sovereignty [4][5][6]. - Specific policy suggestions are provided to strengthen the regulatory framework for stablecoins and reform the international monetary system to better accommodate the changes brought about by digital currencies [5][6].

Cryptocurrency & Decentralized Finance (DeFi) - ShapeShift promotes swapping DAI to BTC, appealing to users who dislike centralized stablecoins [1] - ShapeShift offers a platform for decentralized cryptocurrency exchange [1]

Dislike centralized stablecoins?Hold $DAI and swap to BTC anytime on ShapeShift.ShapeShift Info Bot (@ShapeShift_info):✅ Swap completed🪙12.6K $DAI (ETH) → 0.114 $BTC ($12.8K)🛝Slip: 0.1%🏦 Total Earned by $FOX stakers: $58,062🔥$FOX burned from this trade: 541.3 $FOX❤️‍🔥Total $FOX burned to date: 2,082,052 $FOXhttps://t.co/8az0DDpU6wTrade Smarter: https://t.co/EXsh9MBfWk ...

Stablecoin Market Growth (Q2 2025 - Oct 16, 2025) - Tether (USDT) experienced the largest growth, increasing by $2264 billion [1] - Circle (USDC) saw a significant increase of $1448 billion [1] - Ethena Labs' USDe grew by $718 billion [1] Emerging Stablecoins - PayPal's PYUSD increased by $170 billion [1] - FalconStable's USDf grew by $166 billion [1] Other Notable Stablecoin Growth - SkyEcosystem's DAI increased by $76182 million [1] - USDai_Official's USDai grew by $59635 million [1] - Global_dollar's USDG increased by $58989 million [1] - m0's M grew by $53121 million [1] - worldlibertyfi's USD1 increased by $52047 million [1]

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According to PeckShieldAlert, the address 0x0cdC…E955 suffered a loss of approximately $21 million in crypto assets on Hyperliquid due to a private key leak. The hacker then transferred part of the stolen funds cross-chain to the Ethereum network, including 17.5 million DAI and 3.11 million SYRUPUSDP. https://t.co/IJF3ABv2iZ ...

Core Insights - The report discusses the evolution of stablecoins, highlighting their differences from traditional payment systems like Alipay and the regulatory landscape across various regions, particularly focusing on the implications for China [1][15][20]. Development Stages of Stablecoins - The first stage (2014-2017) saw the emergence of stablecoins like USDT, bitUSD, and bitCNY, aimed at addressing the volatility of cryptocurrencies [1][2][4]. - The second stage (2018-2022) marked significant developments, including the launch of USDC and the Libra project, which drew global regulatory attention [5][6]. - The third stage (2023-present) has seen a resurgence in market capitalization and trading volume, with USDT and USDC leading the recovery [6][7][23]. Regulatory Landscape - The U.S. has adopted a "muddled tolerance" approach to regulation, allowing for innovation while establishing a framework for compliance [20][23]. - The EU and Singapore have implemented strict regulations, which have limited the growth of local stablecoins [21][24]. - Hong Kong is positioned to create a "stablecoin corridor," leveraging its unique status to foster a vibrant stablecoin market [27][28]. Comparison with Alipay - Stablecoins and Alipay share similarities in value stability and transaction convenience, but differ fundamentally in their operational frameworks and regulatory environments [15][18]. - Stablecoins operate on blockchain technology, allowing for global transactions, while Alipay relies on traditional financial systems [18][19]. Strategic Insights for China - The report suggests a "three arrows" strategy for China to gain a competitive edge in the stablecoin market, including offshore RMB stablecoins, a Chinese version of USD stablecoins, and a "global currency" backed by multiple currencies [31][32]. - It emphasizes the need for innovative regulatory frameworks to support the development of stablecoins and their integration into the broader financial ecosystem [30][32].

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Stablecoin Landscape - The document lists a variety of stablecoins, including USDT, USDC, BUSD, FDUSD, PYUSD, GUSD, TUSD, USDP, DAI, sUSD, LUSD, FRAX, USDD, USDe, and USD1 [1] - Mentions the question of how many stablecoins are sufficient [1] - Includes potentially misspelled or variant stablecoin names like mUSD, NET, and PYUSD0 [1]