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Phyrex
Phyrex|7月 06, 2025 06:53
The issuance of stablecoins is not a problem, and I don't even think there will be a problem with acceptance. The problem is how to determine the trading attributes of stablecoins. For example, I issued a stablecoin with a market value of $1 million and $1 million in cash behind it. The issuance is just a few lines of code, and acceptance supports bank transfer. In theory, my issuance work is completed. But whether someone will use my stablecoin next, what can my stablecoin do, and what are the differences between my stablecoin and other stablecoins? These are the most challenging aspects. For arms dealers, the essence is to solve the settlement problem. Due to the US blockade, they need to have the function of "currency settlement". Behind this feature may be the US dollar, euros, rubles, or even Chinese yuan, but the problem of cross-border transfers still exists, and it does not mean that Rostec's stablecoins have enough space to be used. Without SWIFT, we have to solve the problem of how off chain assets can freely circulate on chain, which cannot be solved by an "anchoring model". Essentially, the current mainstream stablecoins do not represent the US dollar, but rather short-term US Treasury bonds, which are AA+rated national credit backed assets.
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Timeline

8月 05, 06:22【The supply of income based stablecoins has surged】
8月 05, 05:32【SEC updates US stablecoin accounting rules employee guide】
8月 05, 05:12【The US Securities and Exchange Commission updates accounting rules for US dollar stablecoins】
8月 04, 19:21【Federal Reserve President issues ETF for the first time】
8月 04, 14:06【Bullish submits IPO application to the US Securities and Exchange Commission】
8月 04, 12:17【Artelo launches a digital asset reserve strategy centered around Solana】
8月 04, 11:31【Capital B issues convertible bonds for capital increase on Paris Euronext】
8月 04, 10:47【The offshore RMB stablecoin program has not yet been officially issued】
8月 04, 09:40【Cash will not disappear, digital euros will supplement paper currency】
8月 04, 09:15【Sei's daily active users surpass Solana for the first time】

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