#digital-dollars

[rwatimes]

Chart of the Week: Stablecoins Were Just the Beginning

Stablecoins prove that money can move across the internet quickly and cheaply. But Ian says that tokenization is just starting.

➤ Tokenized U.S. Treasuries have experienced explosive growth, increasing from $1.85 million to over $15 billion in four years, indicating a significant shift in financial markets. ➤ This growth is driven by the ability of tokenized assets to offer faster settlement, operate outside traditional banking hours, and provide yield, making them attractive to institutional investors like BlackRock and Circle. ➤ The success of stablecoins and tokenized Treasuries signals a broader trend towards tokenizing all financial assets to leverage the speed and efficiency of the internet.

[rwatimes]

THE FEDERAL RESERVE’S NEW DIGITAL DOOR: Is America Replacing Banks with Stablecoins?

For more than a century, the architecture of the United States financial system rested upon…

➤ The US Federal Reserve is considering granting direct payment access to fintech firms and digital asset institutions, potentially bypassing traditional banks. ➤ This move could enable stablecoins and tokenized assets to settle transactions directly with the Fed, shifting the banking system's role from gatekeepers to service providers. ➤ The policy shift could strengthen the US dollar's global reach through 'digital dollarization' but also poses risks to traditional banks and raises geopolitical questions about monetary sovereignty.

[rwatimes]

Stablecoins Reach Record $322 Billion Valuation, Spark Bank Sector Concerns | KuCoin

➤ The global stablecoin market has reached a record $322 billion valuation, driven by demand for real-time settlement and borderless transfers, but this growth is raising concerns within the traditional banking sector. ➤ Banks are responding by deploying their own tokenized deposit systems, which currently handle significantly higher transaction volumes than stablecoins, aiming to retain customers and control over financial flows. ➤ The future of digital money is seen as a layered system with stablecoins for 'money in motion,' tokenized bank deposits for 'money at rest,' and wholesale CBDCs for final settlement, highlighting a high-stakes regulatory battle over control.

[rwatimes]

Бум на стейбълкойните от 322 милиарда долара: Дигиталните долари вече са по-големи от резервите на повечето държави

Пазарната капитализация на стейбълкойните достигна рекордните 322 милиарда долара, надминавайки валутните резерви на 95 държави Преглед на етапа Пазарът на криптовалути достигна нов важен етап, тъй като общата пазарна капитализация на стейбълкойните се по

➤ Stablecoin market capitalization has reached a record $322 billion, surpassing the foreign reserves of 95 countries, highlighting a significant shift in global capital towards digital financial infrastructure. ➤ USDT and USDC dominate the market, serving as preferred mediums for payments, remittances, and store of value, extending their utility beyond cryptocurrency trading into areas like cross-border transactions and B2B payments. ➤ Regulatory developments, such as the GENIUS Act and MiCA, are shaping the future of stablecoins, aiming to enhance trust and integration with traditional finance, while challenges like concentration risk and regulatory scrutiny remain.

[rwatimes]

Bermuda taps Stellar to build the ‘world’s first fully on-chain economy’ – Details

According to the Premier of Bermuda, the use of digital dollars and the Stellar network’s capacity will support public sector initiatives.

➤ Bermuda aims to become the first fully on-chain national economy by integrating financial services and payments onto the Stellar network. ➤ This initiative seeks to reduce high transaction fees for residents and businesses, improve economic growth, and leverage digital dollars for public sector initiatives. ➤ While the announcement focuses on long-term economic transformation, the immediate price action of XLM saw a slight decline, though Stellar's RWA market cap and payment volume show significant growth.

[rwatimes]

Stablecoins may be ready for a major rebrand, a16z says

A16z says stablecoins have outgrown their early crypto label as adoption rises across payments, finance, and onchain digital money.

➤ A16z suggests stablecoins may need a rebrand as their utility expands beyond basic price stability to encompass broader payment and finance roles. ➤ The term 'stablecoin' is seen as a relic of early crypto volatility, not reflective of current use cases like digital dollars and onchain assets. ➤ While new terms like 'digital cash' are considered, the established name 'stablecoin' may persist despite evolving functionality and increasing adoption.