# 稳定币发展

#稳定币发展 Reserve-backed stablecoins are really on the rise! Jupiter's launch of JupUSD has shown me a new direction for stablecoin development.
Have you ever wondered why stablecoins are so important? They are like the "fiat channels" in the Web3 world, allowing us to trade and store value securely on-chain. Traditional stablecoins often face trust issues, but JupUSD's design approach is eye-opening — using USDtb (supported by the BlackRock BUIDL Fund) as 90% of the reserve assets. This is no small matter. The involvement of traditional financial giants like BlackRock signifies that we are witn

#稳定币发展 Seeing Bitmine still accelerating and accumulating 32,977 ETH in the last week of 2025, the first thought that flashed through my mind was: this looks a lot like the story at the end of 2017.
Back then, I also saw institutions adding to their positions during the most indifferent market sentiment, and as a result, the bear market that began in early 2018 turned out to be the smartest strategic move. History always repeats itself in different forms. Now, Bitmine's holdings account for 3.43% of the total ETH supply. What does this number mean? It indicates that leading institutions are v

#稳定币发展 After reading this in-depth article about perpetual contracts, I was reminded of a recurring dilemma I often mention when chatting with investors over the years.
Many people are captivated by the leverage effect of perpetual contracts, but few truly understand the self-regulating pricing mechanism behind it. The funding rate mentioned in the article is actually like an invisible stabilizer—when the market tilts excessively in one direction, it automatically corrects the price deviation through economic incentives. It sounds elegant, but the problem is that the higher the transparency,

#稳定币发展 Seeing Bitcoin re-establish above $90,000, many people are getting excited again. But I want to point out a detail—behind this rebound, the expansion of stablecoins linked to US bonds is seen as an "important channel for the re-entry of international funds."
This statement sounds impressive, but I need to clarify: is it driven by genuine demand, or is it just another round of liquidity games? Anyone who experienced 2021 understands that behind every "funds reflow," there is often a quiet accumulation of risk.
Stablecoins are indeed expanding, but beware of an old trick: institutional f

#稳定币发展 Stablecoins are officially recognized as "cash equivalents," which is something we crypto enthusiasts should pay attention to. The FASB has decided to include stablecoins in accounting standards discussions starting in 2026. Once the classification is clear, companies will dare to hold large amounts of stablecoins, leading to more ecosystem applications and interaction opportunities.
The current situation is as follows: many projects airdrop stablecoins, but companies are hesitant to record them explicitly in their financial reports, which limits the occurrence of large-scale airdrops.

#稳定币发展 Can stablecoins be considered cash equivalents? This question is finally about to have a definitive answer. The FASB has included this issue in its 2026 agenda, and the underlying logic is quite clear— as stablecoins become more like cash, and the holdings of enterprises and institutions expand, financial statement standards must keep pace; otherwise, it would be setting traps for investors.
From a follow-trading perspective, what does this change mean? Once stablecoins are officially recognized as cash equivalents, many institutions will need to readjust their asset allocation strateg

#稳定币发展 I just saw an interesting news while translating some information 🤔 The Financial Accounting Standards Board (FASB) in the US has decided to study whether stablecoins can be classified as "cash equivalents" by 2026, and also to clarify how to record crypto asset transfers... Honestly, these accounting issues sound a bit dull, but I realize they are actually quite important behind the scenes.
To put it simply, stablecoins are currently in a bit of an "identity crisis" — they look like cash and are used like cash, but on financial statements, they still occupy a "gray area." Major compa

#稳定币发展 🚀 BTC has broken $92,000, everyone!!! The new year starts off so aggressively, climbing out of the deep pit at $88,000. Institutional funds are starting to move, and this is a signal, brothers.
The key is that stablecoins are expanding, and international funds are flowing in continuously. What does this mean? The next wave of a major market rally is already in place! Analysts are saying that hitting a new high in Q1 is possible. As long as we hold above $91,500, we are safe.
Some are still waiting for a pullback to buy the dip. I’ve already started watching those small coins that are

#稳定币发展 Bitcoin's support around the $88,000 region is indeed worth paying attention to—being able to hold this level in a low-liquidity environment indicates that institutional funds are indeed accumulating on dips. The capital inflow into spot ETFs also confirms this, and the market sentiment shifting from panic to cautious optimism is not unfounded.
What’s even more worth tracking is the expansion of stablecoins linked to US Treasuries. This not only reflects the willingness of international funds to re-enter the crypto ecosystem but also hints at a substantial improvement in on-chain liqui

#稳定币发展 After watching the evolution of perpetual contracts, I have to say this thing really changes the game. From Ben Delo's idea in a Shanghai taxi to now daily settlements of trillions of dollars in stablecoin funds, this is no longer just a trading tool.
The key point lies in the dynamic pricing mechanism of the funding rate—it’s like an invisible hand that automatically adjusts the balance of long and short forces. When the premium is high, shorts profit and automatically enter the market to push the price down; when the premium is low, longs profit and attract funds in the opposite dire