Digital Currencies incl NFT etc. 03; (Mar 23 - Dec 26)

[behappyalways]

Trump's "Crypto President" Becomes a Reality?
Family Business Pushes for Stablecoins, May Lead to Conflict of Interest

川普「加密幣總統」成真?家族事業推穩定幣 恐利益衝突｜方念華｜FOCUS全球新聞20250327 ‪@tvbsfocus‬

https://m.youtube.com/watch?v=VrcNXQYu3vg

[behappyalways]

幣圈也遭空襲! 比特幣盤中失守7.5萬美元下探今年低 今年重挫近20%吐光川普上任漲幅｜非凡財經新聞｜20250409
https://m.youtube.com/watch?v=KfsQU-_0BC8

[behappyalways]

Crypto funds just saw the biggest inflow week of 2025, per BofA
https://x.com/Mayhem4Markets/status/1916220886664851930

[behappyalways]

Crypto funds have seen the largest inflows of 2025 over the past two weeks
https://x.com/Mayhem4Markets/status/1918874671195234461

[behappyalways]

Trump Media Adopts Crypto Treasury In $2.5 Billion Raise, Calls Bitcoin "Apex Instrument Of Financial Freedom"
https://www.zerohedge.com/crypto/trump- ... y-strategy

[behappyalways]

93% Of All Bitcoin Is Already Mined - Here's What That Means...
https://www.zerohedge.com/crypto/93-all ... what-means

[behappyalways]

A good watch

Understanding Bitcoin mining
https://x.com/TheGuySwann/status/1928617026588741967

[winston]

Stablecoins' step toward mainstream could shake up parts of US Treasury market

Congress is poised to pass legislation establishing a regulatory framework for stablecoins, expected to help legitimize the dollar-pegged cryptocurrencies which are commonly used by crypto traders to move funds between tokens.

Proponents of the bill argue that clear rules will spur further stablecoin activity, and support a growing sector of buyers of short-term US government debt, or T-bills, that are typically considered cash-equivalent securities.

But others worry a larger footprint for a relatively new and more volatile industry could in turn spur volatility in the bills market.

In the event of a sudden loss of confidence, regulatory pressure, or market rumors, this could trigger large-scale liquidations, potentially depressing Treasury prices and disrupting fixed-income markets.

A problem in the stablecoin sector could spill over into broader financial markets, affecting institutions holding similar assets or (that) rely on stablecoin liquidity.

If signed into law, the stablecoin bill would require tokens to be backed by liquid assets - like US dollars and short-term Treasury bills - and monthly disclosures from issuers on the composition of their reserves. That means if stablecoins are expected to grow, issuers will have to purchase more T-bills to back their assets.

Tether and Circle, the latter of which debuted on the NYSE on Thursday, together hold US$166 billion (HK$1.29 trillion) in US Treasuries,

The stablecoin market, currently about US$247 billion, could grow to US$2 trillion by 2028.

Currently, there are about US$29 trillion in Treasury securities outstanding, of which US$6 trillion are bills.

JP Morgan analysts estimated that stablecoin issuers could become the third-largest buyer of Treasury bills in the coming years.

Growth of the stablecoin market at the expense of bank deposits could reduce banks’ demand for US Treasuries, as well as have an impact on credit growth.

Source: The Standard

https://www.thestandard.com.hk/wealth-a ... le/304188/

[winston]

Stablecoins on path to becoming trillion-dollar market

The global stablecoin market is expected to surge to trillions of dollars in the coming years, driven by growing regulatory support in major economies such as the United States, says crypto firm Ripple chief executive Brad Garlinghouse.

The Circle's initial public offering valuation exceeded US$25 billion (HK$195 billion), beating market expectations and reflecting strong interest in cryptocurrencies from both institutional and retail investors, Garlinghouse said.

He attributes the positive sentiment in part to optimism around the potential passage of the “Guiding and Establishing National Innovation for US Stablecoins of 2025,” also known as the GENIUS Act of 2025.

The act mandates that stablecoin reserves be held entirely in US dollars or short-term Treasuries.

The US Senate is expected to vote on the legislation on Wednesday, with market watchers anticipating that the bill could be finalized by August.

Ripple launched its own US dollar-pegged stablecoin RLUSD in December 2024.

Source: The Standard

https://www.thestandard.com.hk/tech-and ... le/304482/

[winston]

US stablecoin move designed to prop up embattled Treasury bills

Rising stablecoin demand is bolstering the US Treasury market as issuers must maintain 1:1 reserves in cash or Treasury bills, providing crucial support amid weakening traditional demand for US debt.

The US Senate passed the “Guiding and Establishing National Innovation for US Stablecoins Act of 2025” or the Genius Act of 2025, which mandates that stablecoin reserves be held entirely in US dollars or short-term Treasury bills. The law could be finalized by August, with analysts saying it may funnel billions into US debt markets.


Rising stablecoin demand is bolstering the US Treasury market as issuers must maintain 1:1 reserves in cash or Treasury bills, providing crucial support amid weakening traditional demand for US debt.

Unlike Hong Kong, where new rules, effective August, will initially restrict stablecoin backing to HK dollars before expanding to other currencies like the yuan and greenback, USissuers can only use the greenback or Treasury bills – and this gives an unexpected lifeline to the demand for US Treasuries, reported East Week, sister publication of the The Standard.

Stablecoin issuers like Circle are poised to benefit from rising demand for secure, regulated digital assets, as the US moves to tighten oversight. The push includes new rules requiring stablecoins to be fully backed by high-liquidity assets like US dollars and Treasury bills.

Circle, the issuer behind the world’s second-largest stablecoin USD Coin, saw its shares more than double on debut last Thursday after listing on the New York Stock Exchange—becoming the world’s first publicly traded stablecoin company. 

The initial public offering was over 25 times oversubscribed, raising US$1.05 billion (HK$8.19 billion) and valuing Circle at US$8 billion. 

The listing came after the US Senate passed the “Guiding and Establishing National Innovation for US Stablecoins Act of 2025” or the Genius Act of 2025, which mandates that stablecoin reserves be held entirely in US dollars or short-term Treasury bills. The law could be finalized by August, with analysts saying it may funnel billions into US debt markets.

Circle has distinguished itself from rivals like Tether USDT by aligning more closely with traditional finance. Though smaller in market cap—USDC holds about US$60 billion versus Tether’s over US$150 billion—Circle’s integration with institutional investors and regulators has been more aggressive. The firm reported a revenue of almost US$1.7 billion in 2024, up 15 percent year-on-year.

Stablecoins, pegged to fiat currencies like the greenback, have surged in usage—from US$20 billion in 2020 to nearly US$250 billion by May 2025.

Analysts forecast the market could reach between US$2 trillion and US$3 trillion by 2030, with over 80 percent of stablecoins currently dollar-backed. In 2024, they facilitated over US$27.6 trillion in transactions, surpassing Visa and Mastercard.


Rising stablecoin demand is bolstering the US Treasury market as issuers must maintain 1:1 reserves in cash or Treasury bills, providing crucial support amid weakening traditional demand for US debt.

Unlike Hong Kong, where new rules, effective August, will initially restrict stablecoin backing to HK dollars before expanding to other currencies like the yuan and greenback, USissuers can only use the greenback or Treasury bills – and this gives an unexpected lifeline to the demand for US Treasuries, reported East Week, sister publication of the The Standard.

Stablecoin issuers like Circle are poised to benefit from rising demand for secure, regulated digital assets, as the US moves to tighten oversight. The push includes new rules requiring stablecoins to be fully backed by high-liquidity assets like US dollars and Treasury bills.

Circle, the issuer behind the world’s second-largest stablecoin USD Coin, saw its shares more than double on debut last Thursday after listing on the New York Stock Exchange—becoming the world’s first publicly traded stablecoin company. 

The initial public offering was over 25 times oversubscribed, raising US$1.05 billion (HK$8.19 billion) and valuing Circle at US$8 billion. 

The listing came after the US Senate passed the “Guiding and Establishing National Innovation for US Stablecoins Act of 2025” or the Genius Act of 2025, which mandates that stablecoin reserves be held entirely in US dollars or short-term Treasury bills. The law could be finalized by August, with analysts saying it may funnel billions into US debt markets.

Circle has distinguished itself from rivals like Tether USDT by aligning more closely with traditional finance. Though smaller in market cap—USDC holds about US$60 billion versus Tether’s over US$150 billion—Circle’s integration with institutional investors and regulators has been more aggressive. The firm reported a revenue of almost US$1.7 billion in 2024, up 15 percent year-on-year.

Stablecoins, pegged to fiat currencies like the greenback, have surged in usage—from US$20 billion in 2020 to nearly US$250 billion by May 2025.

Analysts forecast the market could reach between US$2 trillion and US$3 trillion by 2030, with over 80 percent of stablecoins currently dollar-backed.

In 2024, they facilitated over US$27.6 trillion in transactions, surpassing Visa and Mastercard.

Source: The Standard

https://www.thestandard.com.hk/market/article/304497/