StableCoin

Resolv's USR stablecoin experienced a significant security breach, allowing an attacker to mint 80 million uncollateralized tokens and liquidate roughly $25 million, which caused a substantial price depeg. This article offers an in-depth examination of the incident, the attack method, and the inherent risks of DeFi stablecoins.

This article offers an in-depth look at the streamlined 300-employee organization, political lobbying activities, the launch of the new US-based stablecoin USAT, and a $500 billion valuation fundraising round. It explores how stablecoins have shifted from sanction evasion instruments to becoming backers of US government debt.

Tether has introduced the QVAC AI framework, allowing mobile devices to train models with billions of parameters and dramatically reducing the barrier to computational power. This article examines the technical foundations, industry implications, and far-reaching effects on decentralized AI and the computing power market.

The author points out that the true potential of stablecoins is not simply to replace Visa or Mastercard, but to supplement scenarios within the global financial infrastructure that traditional systems struggle to cover, such as cross-border settlements, on-chain finance, and programmable payments. By analyzing the structure of payment networks alongside the cost, speed, and openness advantages of stablecoins, the article reveals the long-term trend of stablecoins potentially reshaping the financial settlement layer.

Circle (CRCL) stock has experienced a steady upward trend in recent sessions, attracting notable interest from the market. This article provides an in-depth analysis of USDC’s expansion, progress in stablecoin regulation, financial results, and industry trends, offering a thorough assessment of the main factors driving Circle’s stock rally and the associated potential risks.

Following the implementation of the "Genius Act," yield-generating stablecoins became restricted, prompting a rapid rise in payment stablecoins. The article breaks down the four driving forces behind the emerging payments landscape: Stripe's valuation concerns, the distribution battle between Meta and Google, the banking sector's efforts to defend deposits, and the global contest between Tether and Circle. It also highlights the structural tension between payment scale and on-chain returns.

Circle has been listed for 270 days, with its stock price dropping nearly 70% from its highest point, even as USDC maintains steady growth. This article provides a comprehensive review of three rounds of market repricing, breaking down how falling interest rates, Coinbase's profit-sharing, and regulatory uncertainty have dismantled the traditional notion that "stablecoins are money printers." It also offers an in-depth analysis of Circle's genuine strategy to redefine its valuation as a tech company through initiatives like Arc, CCTP, CPN, and AI agent payments.

Gate Research: The depreciation of the USD is the result of long-term shifts in real purchasing power, fiscal dynamics, and real interest rates. Regulatory constraints within the traditional banking system have created offshore demand for dollars, which stablecoins are increasingly absorbing. The quality of collateral, transparency, and issuer credibility are becoming the key determinants of stablecoins’ price stability, liquidity priority, and long-term capital preference. Looking ahead to 2026, stablecoins are more likely to function as a “reservoir” and distribution layer for dollars, with their reserve-driven demand for short-term treasuries in turn beginning to influence the dollar’s own pricing structure.

Four years after the collapse of Libra and Diem, Mark Zuckerberg is rebooting Meta’s stablecoin strategy. Unlike before, he is no longer issuing the coin directly, but is instead tapping into payment channels through third parties like Stripe. This article reviews Meta’s previous missteps, examines its latest direction, assesses shifts in the regulatory landscape and the current competitive dynamics, and evaluates the chances for this stablecoin comeback.

The article reveals that intelligent agents will not follow the retail payment track (such as credit cards) but will operate like enterprises through B2B relationships, net 30-day credit terms, supplier negotiations, and working capital. This is crucial for understanding how the agent economy will reshape payment infrastructure, as well as the inherent advantages of stablecoins in micropayments and streaming payments.

Despite USDC's rebound in market size and Circle's continued strong revenue, capital markets have grown more cautious in valuing the company. This article offers an in-depth analysis of the single-variable risks in Circle's profit model, focusing on the interest rate cycle, maturity mismatch structure, yield-sharing mechanisms, and regulatory variables. It also examines the core challenges Circle faces as it seeks to transition into foundational financial technology infrastructure.

Stable is a dedicated Layer 1 blockchain co-developed by Bitfinex and Tether. Its core design utilizes USDT as the native Gas token, completely eliminating the pain point of users needing to hold volatile native tokens for transactions. The protocol not only supports the native execution of smart contracts on a stablecoin settlement layer but also introduces USDT0 assets based on the LayerZero OFT standard, enabling seamless, bridge-less cross-chain liquidity transfers. Through priority execution channels and a compliant architecture, Stable provides a transparent, secure digital dollar settlement layer with instant finality for both institutional and individual users.

The article doesn’t discuss protocols or technology, but starts from the user experience, pointing out that stablecoins are essentially claims on regulated reserves and government bonds. They merely replace outdated banking settlement logic with a truly digitally native operational approach. It further extends to the idea that Real World Assets (RWA) aren’t meant to overthrow traditional finance, but to force finance to operate the way people always thought it should.

Stable is an application-specific Layer 1 blockchain co-launched by Bitfinex and Tether. Its core operational mechanism involves the deep integration of USDT into the network’s base layer, serving directly as the native Gas token for transaction fees. By introducing USDT0 assets based on the LayerZero OFT standard, the protocol enables seamless cross-chain transfers across multiple major public chains and utilizes its proprietary StableBFT consensus algorithm to provide sub-second transaction finality. Furthermore, Stable is a pioneer in natively supporting the EIP-7702 protocol at the L1 level, granting traditional Externally Owned Accounts (EOAs) programmable smart contract capabilities and establishing a high-performance, ultra-low-friction stablecoin payment foundation.

Stable and Plasma are two high-performance Layer 1 blockchains within the Tether ecosystem focused on stablecoin settlement, representing different technical paths toward "stablecoin nativization." Deeply supported by Bitfinex and Tether, Stable’s core feature lies in utilizing USDT directly as the network's native Gas token, eliminating the friction of users needing to hold non-stablecoin assets for payments. Conversely, Plasma operates as an EVM-compatible Bitcoin sidechain, focusing on its "three-stage" consensus mechanism and private transaction modules to provide high-throughput underlying support for large-scale commercial payments and cross-border remittances.