Stablecoins: Collateral beats yield in the race for $50B
The $50B yield-bearing stablecoin race is being measured on the wrong axis; Artem Tolkachev argues venue acceptance as margin and collateral is the moat that actually compounds into 2027.
Decentralized finance — DEXs, lending, yield strategies, on-chain derivatives, and tokenized real-world assets.
The $50B yield-bearing stablecoin race is being measured on the wrong axis; Artem Tolkachev argues venue acceptance as margin and collateral is the moat that actually compounds into 2027.
Kalshi lost key Nevada and Michigan rulings this week while the CFTC backs the industry federally and North Carolina moves to tax event-contract revenue, making the regulatory perimeter the only…
The reported stake would hand the world's largest exchange a position in the network behind the new Visa, Mastercard, and Coinbase-partnered Open USD stablecoin as the sector pivots from issuance to…
The 357x bag came from a wallet that lost money on the other 258 tokens it touched, a reminder that retail memecoin trading is a negative-sum game even when one trade prints.
A five-month dormant wallet dumping its full $21.4M SOL hoard into ETH and then through a mixer is a textbook post-exploit cleanup, and a reminder that stolen Solana still finds an off-ramp to…
Hyperliquid alone absorbed more than half of the net inflow tracked across the major perpetual DEXs in that window, a one-day concentration that has become characteristic of how capital now routes…
Thomas Sy, head of multi-asset solutions at the $807B asset manager, argues blockchain's biggest institutional win is letting managers tailor portfolios to individual investors at scale, a use case…
Monad is just the third network on Aave V3, with $15M in first-year incentives from the Monad Foundation seeding the deployment.
The week's cross-chain batch doubles as a direction signal: Nasdaq, the NYSE, and a BNB-side AI-agent launch all moved through the same weekly window, and TradFi keeps choosing on-chain rails to ship.
The regulator's substance-over-label test reaches Polymarket and Kalshi as the two venues draw institutional capital and M&A attention, and forces any EU distributor to clear the MiFID II bar.
BlackRock's tokenized Treasury fund, JPMorgan's $3T settlement layer, and stablecoin rails from Visa and Mastercard show the industry built to disintermediate banks now runs on bank infrastructure.
The product lands the same week the SEC weighs an innovation exemption for tokenized equities, and the launch is silent on which model the new options actually trade under.
Whale rotation out of illiquid NFT bags into directional ETH exposure, with the long reportedly printing around $500K in two days.
The raise lands on a DeFi lending protocol that has quietly become the rails for tokenized T-bill vaults, and the backer roster, Apollo, VanEck, Circle, reads like a TradFi-onchain shortlist.
The pitch layers Earn, Trade, Invest, and Pay on a single unified-margin account, betting that idle stablecoins and tokenized Treasuries will route through the same rails as the perps book.
The week's roundup bundles nine macro crypto signals, from Strategy's treasury pivot and a UK rule finalization to Visa and BlackRock backing a new stablecoin and $189M of mid-term lobbying.
The deal hands Hyperliquid its first major African distribution and gives VALR's 800K-user base a 200-market perpetuals book without running its own matching engine.
SGPs split the assumption that every SOL staked with a validator votes its way, and the precedent from SIMD-0228 shows the bar is closer than last time's 5.3-point miss.
The $3M Kalshi market tied to a song's chart position became the mechanism, and Spotify is now cutting off the prediction platforms that referenced its data.
The setup flipped in three days: ETH led $417M in short liquidations, BTC reclaimed $61.6K, and the rate-hike probability that had been pinning risk assets collapsed alongside the July payrolls print.