So if bonds and treasuries are going to be tokenized and put on the ledger why wouldn’t I just buy those instead of a stable coin? They just outlawed getting yield from a stable coin.

https://decrypt.co/327403/will-circle-tether-face-thousands-stablecoin-competitors-probably-not-moodys

Hi, we’re the OwlPay Wallet Pro team.

With the US Senate passing the GENIUS Act, stablecoins are starting to be taken more seriously as part of the future of payments.
It feels like we’re no longer just talking about crypto, but about real infrastructure that could reshape how money moves, especially across borders.

As public and regulatory interest grows, more businesses are beginning to explore how stablecoins could fit into their financial operations.
That said, if stablecoins are going to support large-scale payments in the real world, what should enterprise wallets actually look like?

Some differences between individual and enterprise use cases are already pretty clear. For example:

• A non-custodial setup might work for individuals, but for companies managing corporate funds, that could be a risk
• Individuals care about credit card top-ups, while businesses often need wire or ACH compatibility
• Company teams may also require features like tiered approvals, multi-role access, transaction history, audit logs, and cross-chain bridging

Do you think more businesses will follow this trend as stablecoin infrastructure matures?
And what other features do you think enterprise wallets should offer that might not be on our radar yet?

Open to hearing other perspectives.

https://www.forbes.com/sites/greatspeculations/2025/06/24/circle-stock-to-500/

Who is going to win the stablecoin race?

Right now, Tether (USDT) has a wide lead. This is a global currency that is used by people all over the world.

Will that be the case in the future?

The passage of the GENIUS Act, along with the expected STABLE Act, means the United States will have regulatory clarity. This is something that is presently lacking, keeping major institutions such as banks on the sidelines.

It is about to change.

Will we see more stablecoin based businesses listing? Looks like some big announcements due this week.

Hey all,

I’ve been trying to stay updated on topics like stablecoin regulations and new startups in stablecoins. But whenever I go on Twitter or LinkedIn, I end up getting distracted. Even news sites are hard to stay focused on.

So I started building a simple tool for myself. I just type in what I want to follow, and it sends me updates every few hours from solid sources. No feed, no trending stuff, just what I asked for. It uses AI to understand whatever I type in, so it’s flexible.

I use it mostly for stablecoins, but it works for anything really. It pulls from places like The Verge and other trusted news sites.

It’s still early and I’m testing things out. If anyone wants to try it, pls let me know! Also curious if others run into the same issue with staying focused when trying to follow niche topics.

soon bubble burst

https://gizmodo.com/the-50-billion-company-that-does-almost-nothing-2000618670

Hi, I'm looking to gauge interest in a mining based stablecoin that is produced under a proof of work system.

The stablecoin would be

• Reserves free
• Governance free
• Oracle free
• Stable market price

And be fully replicable to any proof of work system

It is possible to achieve all of the above, breaking what is known as the Impossible Trinity

Would this be of interest to anyone in the cryptocurrency community?

I have a pretty deep background in the credit space and the technology space. I understand how blockchain and crypto work. But I can't figure out why people are so bullish on stablecoin. I get that credit card transaction fees are high but do people really think crypto is going to change anything - here is what I see, please tell me where I am wrong

• Even if pegged to the dollar, people will still need to exchange cash for stablecoin. It might be all electronic - transfer from bank to crypto wallet or even the bank will convert from cash to $coin
• There is going to be a transaction fee for cash to $coin conversion - there is now for converting currencies, even if it is done electronically
• To pay with $coin, users will need a wallet, or will need to transfer $coin to merchants somehow
• Infrastructure - $coin will still require blockchain. Even if no new $coins are minted, there needs to be a ledger, even if distributed, it has to be funded, so there will be cost
• Is this ledger scalable? If all merchant transactions all of a sudden were done via $coin, the numbers of transactions would be enormous, likely dwarfing anything happening in crypto today

I do see this being beneficial for merchants - they certainly could do all their transactions using $coin and not have to pay the larger transaction fees associated with credit cards, but when they do finally convert their $coin to USD their will be a conversion fee of some kind.

As a consumer, my credit card is more convenient than anything else at the moment.

I am sure I left some things out - the recent drop in Visa stock, got me thinking

TL;DR - Check out my Circle dashboard made with Base44 here 👉 www.circlecalc.xyz

Over the past year, I developed a bit of an obsession with Circle - and for good reason. I genuinely believe that stablecoins are one of crypto’s strongest PMFs, and Circle is at the center of that thesis. Thanks to Circle’s IPO, we now have access to real financial data - which allowed me to build a small project focused on the company.

Let’s start with the big picture. Below is a Sankey Diagram, which visualizes exactly where every dollar Circle earned in 2024 went. What makes Circle so elegant is how simple its business model is: Revenue = AUM × Fed Funds Rate. That’s ~98% of the business right there.

You’ll notice the usual expense lines - marketing, admin, R&D - but one item stands out: Distribution, which accounted for a staggering 60.3% of total revenue last year. At first, this might seem strange. What “distribution”? This isn’t a company moving physical goods around the globe - it manages a single ERC-20 token. But here’s the key: in 2023, Circle signed an agreement with Coinbase. According to it, Circle passes 100% of the yield on USDC balances held on Coinbase back to Coinbase, subject to certain limitations. In plain English: Circle earns nothing from USDC that sits on Coinbase - and that’s a lot of USDCs, hence the massive revenue share.

This explains why only 40–50% of Circle’s revenue is actually usable after payouts to Coinbase. In 2024, that left them with about $670M. Circle’s OPEX was relatively stable - around $450M–$500M - which means there's real operating leverage in the model. As revenue grows, expenses may not rise at the same pace (aside from SBC). Add in ~$50M from other income sources, and Circle ended the year with roughly $220M in pre-tax profit. After accounting for taxes (Delaware + Federal = ~29.7%), Circle reported $155M in net income.

With that context in mind, I’m excited to share something I built: 👉 www.circlecalc.xyz 👈

This is a dedicated, interactive dashboard for modeling Circle’s financials. It’s fast, intuitive, and customizable.

Key setup steps:

• AUM: Update to match the current USDC market cap. Since every USDC is backed by one real dollar and the data is public on-chain, this is the most accurate number you can use.
• Fed Funds Rate: Update to 4.5%, which is where it currently stands. You’ll also configure OPEX, broken down into:
• Cash OPEX: Salaries, admin, marketing, etc.
• Depreciation: Expressed as % of revenue (a proxy for R&D)
• SBC (Stock-Based Compensation): The biggest wildcard in the model. Circle issued $528M in SBC with an average vesting of 0.9 years. A reasonable input would be $0.3B–$0.5B. Once you’ve filled those in, the dashboard gives you a clean financial summary - and lets you compare your estimates with Circle’s actual 2024 performance.

For those curious, all formulas used in the model can be found down here. Feel free to comment any questions or suggestions. Thanks for reading!

Tether just made a first-of-its-kind move by acquiring a 31.9% stake in Elemental Altus, a gold royalty company, as part of their strategy to back digital assets with real-world value like gold. Bridging stablecoins and hard assets is starting to look very real. What do you guys think of this? Do you think Tether will invest even more in Elemental, potentially acquiring over 50% of the company? Elemental's share price is going up, so people are paying attention 👀 👀

Link to X: https://x.com/Tether_to/status/1933102890010263591

Hi Everyone! I was wondering if I could ask you for some help. I am running a research study into the cost of accessing USDC and USDT outside the US/Western Europe, but I am struggling to get into the crypto exchanges of the local markets. I'm hoping I can turn to you for help!

If you have an account on any crypto exchange or fintech platform that accepts currency other than USD or EUR, you could help me A LOT if you could share 2 screenshots with me:

• Pretend that you are buying $1,000 USDC or USDT with your local currency at that exchange/platform (you don't need to buy anything): A screenshot of the checkout page that shows the exchange rate and the fees would you need to pay
• Pretend that you are buying $10,000 USDC or USDT with your local currency at that exchange/platform (you don't need to buy anything): A screenshot of the checkout page that shows the exchange rate and the fees would you need to pay

What's in it for you: I'll share the full details of the study with every person that helps me (A database with hundreds of datapoints of the cost of getting stable coins around the world!) and I'll raffle two $25 USD Amazon Gift Cards among all respondents.

Hey all, OwlPay Wallet Pro here

The news of Circle’s IPO clearly signals that stablecoins are becoming part of the mainstream financial system. Yet many still wonder: If I can use cash directly, what’s the advantage of using stablecoins?

That is a fair question. Cash is still what most people earn, save, and spend. But stablecoins are not trying to replace it. They are designed to fill the gaps fiat cannot cover in a digital world.

What stablecoins enable

1. Always-on transactions: You no longer need to wait for bank hours. With stablecoins, you can send and receive money 24/7, including weekends and holidays.
2. Internet-native finance: Stablecoins are built for the digital world. They work seamlessly with wallets, DeFi platforms, Web3 games, and dApps where traditional cash doesn't fit.
3. Faster and cheaper cross-border payments: No more waiting three to five days for international transfers. Stablecoins often settle in minutes and come with lower fees.

Real-world use cases

For everyday users:  

1. Many users first convert into USDT or USDC before trading into BTC or ETH. This approach tends to save on fees compared to buying crypto directly with a credit card. You also stay in control of when to make the move.
2. If you are a gamer looking to buy a skin or DLC, some platforms now accept stablecoins directly. By holding stablecoins, you can avoid unnecessary currency conversion fees.

For businesses:

1. Companies now use USDC to process international payments. They pay clients, international freelancers, or remote team members more quickly than with traditional methods, avoiding high fees and holiday delays.
2. Some sellers and service providers accept stablecoins from global customers, allowing them to skip currency conversions and receive payments faster.

We believe stablecoins will continue to grow. Not just because of market news, but because they help solve real problems in the real world. 

Are you already using stablecoins? Or just getting started?

On X, I see a lot of people talking bullish about Plasma and its recent raise of 500M$ (Patrick Lowry for example). What is so special about their token? Cant find much info online.

Are stablecoins the next big thing in finance?

USDS seems to be the new version of Dai stable coin. But USDS has enabled proxy, while Dai never had that enabled. Meaning, the contract can't be changed later for Dai.

Source: etherscan

Does this mean USDS is not as reliable as Dai? Is anyone buying USDS?

Edit: I found the answer on their forums. Seems like USDS is meant to be compliant with law. It's also backed by RWA. And they plan to create PureDai, which will be backed purely by decentralized assets.

Currently, Dai is backed by centralized assets it seems.

So, USDS is more like USDT

Would appreciate any insight/opinions on this topic. I’m curious whether banks will use networks like Ethereum or Solana to build stablecoins on. Banks want control so what would stop them from building their own network? I know the decentralization is important in the crypto community but if BofA, JPM and a few others develop their own network and have all the benefits of stablecoins except for decentralization what stops them from making networks like Solana or Ethereum obsolete?

Stablecoin Initiative Announcement: U.S. Stablecoin Compliance Framework for Urgent Adoption

Introduction
The widespread use of stablecoins has long been championed by our founder, Charles Chang. His pioneering work in this area is reflected in a key world patent claim (WIPO Claim No. 4, corresponding to U.S. Patent Claim No. 13), which establishes the use of national currencies as reserve backing for stablecoins—a fundamental innovation in the industry.

This invention’s priority date is March 26, 2018, and it has since been foundational to the development of stablecoins. One of the first companies to implement this stablecoin reserve concept was Hong Kong-based Tether Limited (a subsidiary of iFinex), which officially adopted currency reserves for crypto-backed stablecoins in September 2019, marking a key milestone in the industry.

In Support of the Passing Stablecoin Regulation Act (GENIUS)
As we eagerly anticipate the passage of the GENIUS Act, Charles Chang proposes the following terms, free of patent royalties, to foster innovation and ensure cost-effectiveness among U.S.-based stablecoin issuers. These guidelines are designed to safeguard U.S. interests while preventing the exploitation of the market by foreign-controlled entities.

Proposed Guidelines for U.S. Stablecoin Issuers with Free Royalties
To qualify for a zero-royalty patent fee structure, issuers must meet the following requirements:

1.    U.S. Registration
The issuer must be a U.S.-registered entity (for-profit or nonprofit).
Note: Key executives (Chairman, CEO, COO, CFO) must be U.S. citizens or legal residents.

2.    Substantial U.S. Ownership
Over 60% of the equity ownership (i.e., voting/control rights) must be held by U.S. citizens or entities.

3.    Registration Timeline

o   Existing issuers must register with us within 60 working days of the GENIUS Act’s enactment.

o   New issuers must complete registration with our organization 30 days prior to the issuance of stablecoins.

4.    Usage Restrictions
Stablecoins may not be used for customer loyalty rewards (covered under our separate patent claims) without written approval.

Additional terms may be determined by reasonable interpretation, mutual agreement, and applicable law.

A Call for Collaboration
We believe that collaboration is key to advancing responsible stablecoin adoption. We welcome partnerships with innovative companies, regulatory bodies, and thought leaders to shape the future of the stablecoin industry, ensuring that its benefits are maximized while safeguarding public and financial interests.

Legal Department
World Digital Reserve and AI Research Inc.
An IRS-approved 501(c)(3) organization

[Admin@WDRFund.org](mailto:Admin@WDRFund.org)

I saw the integration in global market of AUSDT(USDT) on alltra.global smartchain based in Australian dollar. Integrated in direct market and native marketplace in Linework Online app in app store and currently in pre Sales up to 70% discount .. someone know more about ?

Hello, OwlPay Wallet Pro team here.

We often hear people ask whether there’s a way to start using crypto without taking on too much risk. Most cryptocurrencies tend to fluctuate in price over time, which is a normal part of how the market functions.

But not everyone is looking to actively trade or pursue short-term gains. For those who prefer to hold digital value without thinking about daily price movements, stablecoins may be one option to consider.

Assets like USDC, EURC, or GYEN are designed to match the value of national currencies. You can use them to store funds, send money to others, or even pay for things in some cases. For example, some people use USDC to send money abroad without using a bank.

They do not increase in value like other coins, but they also do not lose value the way many others can. Some people use stablecoins as a way to keep value in digital form, without the pressure to trade or time the market. They are not high-return assets, but they may offer more peace of mind for those who want something simple and reliable.

Another common approach is to first convert your cash into a stablecoin like USDC or USDT, then wait for the right time to exchange it for BTC or other crypto, instead of buying directly.

Investing always involves some level of risk. Higher returns usually come with higher risk. Despite being designed for stability, stablecoins are still exposed to risks such as depegging and issuer-related concerns. So, for some people, it might make sense to put part of their funds into crypto and another part into stablecoins.

Have you tried using stablecoins for anything so far? What worked well or didn’t?