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Is it because the model is unsustainable, the ecosystem has yet to launch, the competitors are too strong, or is there simply insufficient market demand?
Individual investors are participating in this game through emerging prediction markets such as Kalshi and Polymarket.
After the "Genius Act" was passed in the United States, stablecoin payment volumes surged, with August transactions exceeding 10 billion USD. Nearly two-thirds of this amount came from inter-company transfers, making it the main driving force.
In Brief BlackRock transfers $500 million to Polygon, enhancing blockchain integration in finance. The move shows increased trust in blockchain-based financial structures. It indicates a trend towards decentralization and long-term structural change in finance.
- 12:22SoFi is expected to launch crypto trading within the year.ChainCatcher News, SoFi Technologies (SOFI.O) raised its full-year profit forecast to a level above Wall Street expectations on Tuesday after a surge in fee income and record performance in the third quarter. The company's stock price rose 3.8% in pre-market trading. SoFi has evolved from a student loan refinancing startup into a comprehensive financial services company, offering a variety of services ranging from IPO investments to credit cards and savings accounts, with a market capitalization of approximately $36 billion. SoFi CEO Anthony Noto stated that SoFi is expected to launch crypto trading this year, and the SoFi USD stablecoin will be launched in the first half of 2026. Adjusted revenue in the third quarter increased by 38% year-on-year to $950 million, higher than the expected $886.6 million. Adjusted profit doubled to $0.11 per share in the three months ended September 30, exceeding the expected $0.08 per share.
- 12:22Stablecoin payment company Standard Economics completes $9 million seed round led by ParadigmChainCatcher reported that stablecoin payment company Standard Economics has announced the completion of a $9 million seed round, led by Paradigm, with participation from Lightspeed and a group of strategic angel investors. The new funds will be used to support the development of its stablecoin-based payment application, enabling users to make payments and remit money internationally to other countries/regions for free.
- 12:11CoinShares launches staking TON ETP "CTON"Jinse Finance reported that a digital asset management company and an exchange have announced the launch of a staking-based TON exchange-traded product, CoinShares Physical Staked Toncoin (CTON). It is reported that this ETP will invest directly in the underlying TON tokens at a 1:1 ratio, aiming to provide investors with exposure to TON.