“Stablecoins” [[ $t('search.found') ]] 301 [[ $t('search.items') ]]
On December 19, JPMorgan analysts reiterated their forecast that the total market capitalization of stablecoins will be around $500 billion to $600 billion by 2028, rather than $1 trillion.
Japanese blockchain infrastructure company Startale Group and Japanese financial group SBI Holdings plan to launch a fully regulated, yen-pegged stablecoin by the second quarter of 2026 to support global settlements.
The Beijing Business Daily published an article titled "Speculative Trading on the Rise, People's Bank of China Again Cracks Down on Virtual Currencies, and Defines Stablecoins for the First Time."
On October 31, according to Cryptopolitan, the head of the Russian monetary authorities stated that Russia is ready to issue stablecoins. This comes after senators called for the formulation of regulations related to stablecoins.
Hong Kong Financial Secretary Paul Chan Mo-po published his essay titled "From New York to Washington," sharing his observations and reflections on attending the Annual Meetings of the International Monetary Fund and the World Bank Group.
The total market value of stablecoins exceeded US$310 billion, setting a new record high
According to CoinDesk, the U.S. Treasury Department has officially initiated the process of translating the GENIUS Act into specific stablecoin regulations, opening a one-month public comment period.
Kbank, South Korea's leading digital bank, recently announced a strategic partnership with blockchain specialist BPMG to jointly develop KMINT, a multi-chain digital currency wallet.
China is considering allowing the use of RMB-backed stablecoins for the first time to strengthen the internationalization of the yuan. China's State Council will review and possibly approve a roadmap later this month.
The U.S. Securities and Exchange Commission (SEC) is moving further ahead with preliminary cryptocurrency accounting rules, issuing new staff guidance that suggests certain stablecoins could be treated like cash, according to Bloomberg.
The ripple effects of the GENIUS Act have been felt across the crypto industry. In just seven days, the industry has added nearly $4 billion in funding, pushing the stablecoin market cap to over $264 billion.
Chu Tianlong held an online exchange meeting for investors. An institutional investor asked: What progress has the company made in the digital currency business in the first half of this year?