Trump: Protect our Tether and Circle😜

#USDT #USDC #稳定币 #CBDC

Can stablecoins that survive by arbitrage of funding rates survive a bull-to-bear cycle?

At the beginning of the year, Ethena and at the end of the year, Usual succeeded one after another, and the stablecoin track gradually became hot. Next came Resolv, which has a similar model to Ethena. It also adopts a Delta neutral strategy and obtains interest income by partially holding short-selling derivative positions. It is currently in the stage of accumulating points by staking, and will issue coins in the first quarter of 25 years. Zerobase is not a stablecoin protocol, but it uses the same strategy to supplement protocol income.

Delta neutral strategies are being adopted by more and more protocols, and the official end of the exchange is also doing it. But the risks cannot be ignored. First of all, the market is limited, and there are more and more players with the same strategy. The most important thing is that this round of bull market cycle will also end in 3-8 months, and the funding rate will definitely turn negative. This also means that the staking income of stablecoins with ENA-like strategies is negative, which is easy to cause bank runs. Take ENA as an example, after all, interest income accounts for more than 65% of its total income.

It is planned to short ENA at a low multiple during April-June 25 years. The market turning bearish is also a time when stablecoins are prone to thunder. Secondly, even if the stablecoin with Delta neutral strategy can survive the peak of the run safely, the valuation of the project will be greatly discounted as TVL decreases. Therefore, the risk of short selling is controllable.

$ENA #稳定币

Artela Network founder discloses upcoming TGE and community airdrop

Mad Lads floor price breaks 87 SOL, 24-hour increase of 22.22%

swarms market capitalization exceeds $500 million

Sui TVL surpasses $2 billion, setting a new historic high

Today's cryptocurrency fear and greed index rises to 78, still in 'extreme greed' state

A certain whale deposited $4.54 million worth of PEPE to Kra..n 5 hours ago

Solana Foundation initiates a new proposal to introduce 'Accounts Lattice Hash'

TRM Labs executive: The enthusiasm for cryptocurrency during Trump's presidency was similar to the 'space race'

Binance Research: The cryptocurrency market will continue to grow in 2025, with institutional adoption and DeFi expansion driving market prosperity

Three addresses bought $4.61 million in SWARMS in the past 21 hours

CryptoQuant analyst: This bull market is likely to reach a cyclical peak in Q1 2025 or at the latest Q2

USDc Treasury issued an additional 250 million USDC on the Solana chain this morning

ZKsync lgnite Q1 has launched, with 300 million ZK tokens to be distributed over 9 months

DWF Labs announces funding HeyAnon through AI agent fund

Virtuals Protocol and Sovrun establish joint venture ReadyGamer, focusing on the integration of AI and gaming

J.P. Morgan trading team: Strong economic growth makes the 'possibility of a bear market extremely low'
#SUI🔥 #swarms #稳定币 #AI板块强势进击 #sol板块

The Fear and Greed Index rises to 76 today, shifting from Greed to Extreme Greed

Aerodrome will launch Slipstream V2 this month

Vitalik sold 340 billion LDOG 6 hours ago, gaining 5.2 ETH

Former Barclays executive: Bitcoin may have completed its "correction wave," potentially rising to $125,000 historical high in Q1

Sam Altman: The first AI agents will join the workforce in 2025

A whale deposited 19,001 AAVE into Binance 8 hours ago, estimated profit of $4.93 million

Metaplanet CEO: Plans to increase corporate Bitcoin holdings to 10,000 this year

The amount of ETH held by liquid staking platforms has decreased by 70,000 since the end of November last year, with Lido decreasing by 160,000

Biden: We will hold a meeting tomorrow to certify the results of a free and fair presidential election to ensure a peaceful transfer of power

Influenced by the news of "上线B.....b", FIL surged past $6

In the past 24 hours, the entire network experienced liquidations of $150 million, with short liquidations totaling $66.83 million

Swellchain's TVL surpasses $330 million

Trump-related concept coins surged two weeks before his inauguration, with TRUMP24H rising nearly 60%

Xterio: Age of Dino will receive a 2% ecosystem grant during TGE

FAI's market cap surpasses $650 million, setting a new historical high

HYPER's market cap exceeded $180 million 2 hours after launch, with a trading volume of $31.8 million

In 2024, DeFi protocol revenue returns to 2021 highs, with the new standout pump.fun reaching $313 million

INJ rose by 9.81% today, while OM fell by 2.15%

AI Agent concept Meme tokens fell across the board

GNZ briefly reached 0.056 USDT, with a market cap exceeding $50 million

PudgyPenguins' NFT sales decreased by 51% over the past week, while PENGU rose 13% in a single day

USD0's market cap surpassed $1.8 billion, overtaking FDUSD to become the fifth largest stablecoin
#稳定币 #特朗普概念币 #INJ #FAI #AIAgents

💰 “Yield Sharing” Stablecoins: Market Speculation or Future Trend?

Delphi Digital's latest prediction suggests that by 2025, those “yield sharing” stablecoins could see a tenfold increase!

The potential of the stablecoin market is enormous, with a total market value exceeding $200 billion just last year. However, it's not just the familiar USDT and USDC; stablecoins that can make us money are also beginning to gain traction.

According to Robbie Petersen from Delphi Digital, stablecoins like USDG (Paxos), M (M0 Foundation), and AUSD (withAUSD) are expected to increase their market share tenfold.

He mentioned that these stablecoins don’t just allow issuers to profit like traditional stablecoins; instead, they utilize a brand new model that benefits both issuers and users.

This model can align the interests of issuers and users, making fintech applications and distribution channels the primary targets, which can foster cooperation and adoption between the two sides. Moreover, it can leverage collective network effects to combine the incentive mechanisms of distributors and issuers, driving exponential growth.

By 2025, fintech companies and market makers may become key players in guiding users to adopt stablecoins, which not only aligns with their economic interests but is also a prevailing trend. Delphi Digital also predicts that stablecoins will surpass their existing roles in DeFi and become a widely used medium of exchange.

Additionally, even Visa is considering launching its own stablecoin program, even if it may reduce the profits from their credit card network. This demonstrates the immense pressure for innovation that traditional financial institutions face when confronted with emerging technologies and customer demands.

In conclusion, whether it's Visa or other financial institutions, they are seriously considering how to leverage stablecoins to maintain their competitiveness. This revolution in stablecoins is certainly worth our close attention!

💬 What are your thoughts on the potential of “yield sharing” stablecoins? Do you think they will disrupt the traditional stablecoin market? What are your views on this?

East Wine Little Fox—Spot Recommendation

Spot order. Usual current price enters at 4 layers, 0.9 adds to position at 6 layers. Stop loss at 0.85. Take profit at 1.4. Daily chart level, considered a medium-term order.

Currently active, profit 5% #质押 #稳定币 $USUAL
Click on my profile to join East Wine, guaranteed win!

Now that we are familiar with Delta neutral strategy trading and have a basic understanding of the #Ethena project.
Let's talk about the recent emerging project Resolv and what innovations it brings to such stablecoin projects.

Resolv is a stablecoin project initiated by a group of Russians, with a current total TVL of $350 million, invested by Deiphi Digital, and the project claims to be a "truly Delta neutral stablecoin." Currently, the annual interest rate for USR is between 9%-10%, and for RLP it is between 20%-30%, with the overall performance of the project being quite good.

On the basis of Ethena, Resolv introduces RLP tokens (non-stablecoin) as a protective layer in addition to the basic stablecoin USR, isolating losses caused by negative funding rates or other factors in the strategy, thus protecting risk exposure from the market and counterparty risks affecting USR.

The earnings from the pool are distributed every 24 hours (which they call an epoch), with 30% first allocated to RLP holders, and the remaining 70% distributed again to USR holders and RLP holders based on their TVL proportions. This means that RLP holders will actually receive more earnings compared to USR holders.

However, if the protocol incurs losses due to negative funding rates in the recent 24 hours or other factors, then all losses are borne by RLP holders. I haven't seen an official method for this burden, probably it involves selling part of the RLP holders' earnings, leading to a drop in the price of RLP tokens.

The price of the RLP token is self-balancing. If the market circulation of RLP is low, the distribution of benefits is high, and many users will use USDC and USDT to exchange for RLP to increase circulation.

However, Resolv has not solved the same problem — if USR starts trading on DEX/CEX, and someone maliciously shorts, or if Resolv holds too much short position leading to a "basis" causing losses, a run on USR could occur, resulting in the same death spiral, and RLP would also be affected. (Because the protocol continues to incur losses, RLP holders need to bear the risks.)

Overall, Resolv introduces RLP as a protective layer, isolating some centralized risks and losses from negative funding rates in the Delta neutral strategy, packaging the risk and assigning it to RLP tokens, which provide RLP tokens with higher returns than USR. This innovation backed by Delta neutral strategies will usher the stablecoin space into a new competitive environment.
$ETH $ENA #稳定币

📈 USDC has been issued for 7 consecutive days, and the circulation volume has soared by 700 million! 🚀

According to the latest data from Circle, in the past 7 days as of September 26, the issuance of USDC reached an astonishing 2.5 billion, while the redemption volume was 1.8 billion, which means that the circulation volume increased by 700 million US dollars at once!

Now, the total circulation of USDC has reached 36.2 billion, and the reserve volume is also quite strong, about 36.5 billion US dollars. Among them, the cash reserve is about 4.8 billion US dollars, and the share held by Circle Reserve Fund is as high as 31.6 billion US dollars.

🔍 Viewpoint:

Such an increase in issuance speed undoubtedly shows the strong demand for stablecoins in the market. As one of the mainstream stablecoins, the increase in the circulation of USDC is a positive signal for the stability and liquidity of the entire cryptocurrency market.

But at the same time, there are also voices worrying that the rapid growth of stablecoins may bring regulatory uncertainty.

💬 What do you think of this wave of USDC issuance? Is it a true reflection of market demand, or a hidden worry about future regulation? Will this bring new development opportunities to the cryptocurrency market? Leave your thoughts in the comments section!

#USDC #稳定币 #加密货币市场 #增发

#稳定币
Official announcement, it is indeed Dong Ge's company that issues stablecoins
The most explosive news in the circle these two days is the news that JD.com will issue Hong Kong dollar stablecoins in Hong Kong. It is indeed true, but the main body of issuing Hong Kong dollar stablecoins in the future is not the mainland JD Technology Group, but JD Technology Group's JD Coin Chain Technology Hong Kong company JD Jing Dong Coinlink. According to the official website of the Hong Kong company, JD.com Stablecoin is a stablecoin based on the supply chain and pegged to the Hong Kong dollar HKD1:1. It will be issued on the public blockchain, and its reserves are composed of highly liquid and credible assets. These assets are safely stored in independent accounts of licensed financial institutions, and the integrity of the reserves is strictly verified through regular disclosure and audit reports. I was a little surprised. I didn't expect that it was a Hong Kong company under JD.com to make a Hong Kong dollar stablecoin. After all, it seems that there is a big gap for e-commerce companies to make stablecoins. It is not clear what kind of supply chain will be used to issue Hong Kong dollar stablecoins. There should be no need to worry. After all, it is possible to enter the list of participants in the stablecoin issuer sandbox announced by the Hong Kong Regulatory Authority. The strength must be extraordinary. If the Hong Kong dollar stablecoin is a major project that the Hong Kong government promises to the world to support WEB3, its application scenarios will not only involve payment, supply chain management, and capital markets, but also WEB3 games and virtual asset transactions in the circle. The Hong Kong dollar stablecoin is like a bridge, involving the real economy on one side and the virtual economy on the other. Therefore, this project can be said to be a collection of thousands of expectations in a lifetime. JD.com Hong Kong should be under great pressure. Judging from the sandbox selection and related news, it is not easy to become the issuer of the Hong Kong dollar stablecoin in the future. At least three hard conditions and two requirements must be met.
First: You must have a physical company in Hong Kong
Second: It must be licensed in compliance
Third: You must have a strong full asset reserve strength and cannot provide sufficient and highly liquid capital. It is very likely to lead to instability of stablecoins and holders suffering financial losses.
There are two requirements. One is that the issuer cannot raise funds from the public under various names, and the other is that it cannot provide any investment products. To put it bluntly, it must be reliable and compliant, have strength, and not act recklessly.

#稳定币 #京东发行稳定币 #中国香港概念

This is undoubtedly a milestone event in the long river of history, marking a major breakthrough in the field of financial technology.

JD.com, an e-commerce giant, has announced that it will issue a stablecoin directly linked to the legal currency Hong Kong dollar in Hong Kong. This decision is so bold that it is hard to imagine its courage and boldness if it is not clearly supported and recognized by the top leaders.

For a long time, the direct link between cryptocurrency and legal currency has been regarded as a sensitive area. Now the breaking of this taboo undoubtedly sends a strong signal: the Eastern power is determined to play a more active role in stabilizing the financial market and no longer let the United States and other Western countries dominate.

JD.com's move is specifically manifested in the fact that JD.com Coin Chain Technology (Hong Kong), a subsidiary of its technology group, will launch a stablecoin based on public blockchain technology, which is strictly anchored to the Hong Kong dollar at a ratio of 1:1.

This innovative move not only reflects JD.com's in-depth exploration and application of blockchain technology, but also demonstrates its firm commitment to improving financial stability and promoting the development of the digital economy.

The issuance of this stablecoin will rely on highly liquid and reputable asset reserves, which will be safely stored in independent accounts of authorized financial institutions and subject to regular information disclosure and strict audit supervision to ensure the integrity and transparency of the reserves.

It is worth mentioning that shortly before the release of this news, JD Coin Chain Technology (Hong Kong) was listed in the list of participants in the "Sandbox" of stablecoin issuers announced by the Hong Kong Monetary Authority, which undoubtedly provided solid policy support and regulatory guarantees for the issuance of JD's stablecoin.

This move not only demonstrates Hong Kong's open attitude and positive actions towards emerging financial technologies as an international financial center, but also sets a new benchmark for the development of global financial technology.

In summary, JD's issuance of a stablecoin pegged to the Hong Kong dollar in Hong Kong is not only a concentrated display of its own financial technology strength, but also a major step taken by the Eastern power in the field of financial stability and digital economy.

This historic move will undoubtedly bring new opportunities and challenges to the future development of the global financial market.

[Injective has integrated with Paypal's stablecoin PYUSD]

🥇 Become one of the first L1s to support stablecoins issued by PayPal and Paxos.

Users can use wormhole to transfer from Ethereum and Solana to Injective via PYUSD, and dApps on the network can use PYUSD for fast payments, transactions, DeFi, etc.
#INJ #Injective #稳定币 $INJ

Why does everyone want to get a piece of the stablecoin pie?

Recently, JD.com and Xiaomi have teamed up to issue Hong Kong dollar stablecoins in Hong Kong. At present, the absolute king of the stablecoin market is [Tether USDT], but almost all traditional giants want to enter the stablecoin market to get a piece of the pie, including Paypal, Binance, etc.

The reason is that stablecoins are the foundation of Web3. As long as Web3 is still there, the demand for stablecoins will always be there, which is beyond doubt.

Secondly, stablecoins are a super transaction that is guaranteed to make money. Almost 99% of people in the currency circle will not experience redemption operations from stablecoin issuers throughout their entire currency circle career. Because everyone is C2C, I have 1 USDT, sell it to you, you give me the corresponding value of legal currency, and I give you this 1 USDT. This process does not involve redemption operations with the issuer.

Therefore, stablecoin issuers can use everyone's money to do capital transactions. Tether is basically all in US bonds, which is a more violent and stable transaction than banks.

In fact, many people in China who want to withdraw money use JD.com cards. JD.com now issues its own stablecoins, which makes things much easier. For JD.com, it is equivalent to printing its own money, providing a lot of cash flow, which is much greater than the cash flow brought by JD Finance.

It is difficult to subvert the dominance of USDT, but it does not affect coming in to share a piece of the pie.

#京东发行稳定币 #USDT #泰达币 #稳定币

$BTC $ETH $BNB

USDC强势崛起，USDT被打“骨折”？你支持哪个稳定币？

根据最新数据，USDC今年的交易量已经全面超过USDT了，成为了市场领导者。自2024年以来，USDC一直在抢占市场份额，上周的交易量达到了4560亿美元，而USDT的交易量为890亿美元。

自1月以来，USDC还占到了总交易量的50%，主要原因是与Visa的合作。

USDC的强势，我觉得有2点原因：

1）它的背后是美国，美国政府一直和USDC的发行公司Circle合作，而且USDC背后还有coinbase，所以这一系列串联在一起，也不难理解为啥美国这么支持USDC。

2）USDC更急透明化，它的抵押法币每个月都会被审计，审计报告会在CENTRE官方平台公布，整个行业都会知晓抵押的数量。

虽然USDT的市场份额依然不小，但从可靠性来说，猛哥也比较认可USDC，从某种程度上来说，USDC是最安全的稳定币。

$USDC #稳定币