In 2023, stablecoins settled transactions worth $10.8 trillion, of which $2.3 trillion were related to organic activities such as payments and cross-border remittances. Today's payment giants face significant disadvantages, including high transaction costs, slow settlement times, and limited transparency, although stablecoins also have their advantages.

Stablecoins are the foundation of the cryptocurrency industry, mainly used for large-scale payments and promoting industry popularization. As of July 30, 2024, the total market value of stablecoins is US$168 billion, of which USDT and USDC account for about 90%. Tether and Circle generated more than US$10 billion in revenue in 2023. Decentralized stablecoin projects continue to emerge, aiming to break this monopoly. usual.money introduces U.S. Treasury bonds as collateral, combined with Ethereum smart contracts, to provide transparency and security. Usual Labs completed US$7 million in financing in April 2024 and announced the launch of the mainnet in July.

Three major bearish warning signals and six major bullish signals, which ones can determine the true trend of Bitcoin in the future?

Due to the impact of the Bank of Japan's interest rate hike and the yen carry trade, the crypto market and the global risk asset market plummeted. The price of BTC once fell below $50,000 and ETH fell to $2,100. The giant whale Jump Trading also sold a large number of digital assets during this period. Subsequently, the crypto market began to rebound and the stock market also rebounded. The article finally pointed out that the crypto market still has potential, but the bull market may not return until the first quarter of 2025.

Will Tether be “too big to fail” in the future, or will it still be unable to escape the risk of being “out”?

People hope Trump can make crypto great again.

Performance varies: some follow the trend and sell off their holdings, some take the opportunity to buy BTC at the bottom, and some hold the altcoins without moving.

Analyzing the multiple risks of USDe, it is facing one of them under extreme market conditions, but the other one is even more dangerous.

How will the composition of the FOMC voting committee and its stance on cryptocurrencies affect the next interest rate decision?

Spot ETFs and stablecoins bring new demand, and FTX cash distribution may drive capital inflows.

What the Lightning Network has always wanted to do is to create a stable currency on Bitcoin.

Funds are flowing from traditional financial markets to the field of encrypted assets, and the general trend of the encrypted market is positive.

Can Hong Kong become a foreign exchange settlement venue for the crypto market?

The third trading day of the U.S. spot Ethereum ETF had a trading volume of approximately US$850 million.

JD.com announced the issuance of stablecoins at a time when it is vigorously developing stablecoins in Hong Kong. It can be seen that JD.com is still actively exploring the development direction of the blockchain field.

Stablecoins have one unique feature: they are issued on decentralized, programmable blockchains.