"Resource-rich" Tether is becoming a major player in the gold market.

When assets migrate on-chain, what is truly redistributed is not the assets themselves, but the control over value formed around issuance and distribution.

USDT once reaped the first-mover advantages of stablecoins. As a latecomer this time, how can USAT break through?

PayPal Survey Shows Large Enterprises Are Leading Crypto Payment Adoption, Nearly 85% of Merchants Expect It to Become Norm Within 5 Years; About 50% of Companies with Annual Revenue Over $500M Accept Crypto Payments.

A showdown between CeFi and TradFi is inevitable.

Hong Kong Expected to Issue Stablecoin Licenses Later This Year; South Korea Considering Allowing Domestic Institutions to Issue Virtual Assets, Stablecoins Remain Controversial.

Circle demonstrates significant competitive advantages in the stablecoin sector. Its core value stems not only from USDC itself but also from the payment and settlement ecosystem it is building.

Tether Gold Accounts for Over Half of Gold Stablecoin Market Share, Gold Reserves Exceeded 520,000 Ounces in Q4 Last Year.

The Trump family's crypto holdings increased by $14 billion in one year, accounting for one-fifth of their total net worth.

The market appears crowded, but on key dimensions, issuers are not easily replaced.

Is it still worth entering after yield dilution given the incredibly rapid growth in USD1 supply?

This article, drawing on the U.S. crypto market structural legislation, the Clarity Act, and related discussions at the Davos Forum, systematically analyzes the true sources of stablecoin yield from financial principles. It dissects the four mainstream models using "first principles": on-chain lending, RWA, centralized wealth management, and algorithmic subsidy models. Sustainable yield must be able to answer the two fundamental questions: "Who is paying?" and "Where does the capital flow?" Stablecoin yield is essentially the on-chain reconstruction of the ancient financial concept of interest, evolving from a fringe experiment into a component of financial infrastructure being taken seriously by global policymakers.

Stablecoins and tokenization were the biggest topics.

Stablecoin Issuers' Cumulative On-Chain Revenue on Ethereum Reaches Around $50 Billion in 2025; Bitcoin Exchange Internal Flow Hits Lowest Level Since 2022.

The SEC and CFTC will hold a joint event on cryptocurrency regulatory coordination on January 27.

Trump is about to launch another token, airdropping to U.S. stock shareholders, but it's still crypto players who will likely bear the brunt.