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Phyrex
Phyrex|Jul 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

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

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