# stablecoins — X 热门讨论 (2026-09-25 12:21 UTC)
## @ranacnszz (YΞSSIM) · 09-25 09:00 · ♥44 ↻0 💬62 Financial institutions’ interest in the onchain economy is moving beyond simply adopting blockchain technology.
The bigger question is how existing financial processes can evolve within an onchain environment.
Stablecoins can support payments and transfers, tokenization can bring real-world assets onchain, privacy solutions can enable more secure institutional transactions, and blockchain-based settlement can create new possibilities across financial markets.
Startale approaches these areas as complementary solutions that can support different stages of an institution’s journey into onchain finance.
Through Startale OFK, institutions can explore solutions across stablecoins, wallet technology, privacy, developer tools, and settlement within a single framework.
The important part is not simply giving institutions access to a blockchain, but creating a way for existing financial activities to develop within an onchain environment.
As the connection between traditional finance and onchain finance grows, these two worlds can increasingly work together to create new financial experiences.
@StartaleApp @0xRamz @businessj386 https://x.com/ranacnszz/status/2103409218762027150
## @Xfinancebull (X Finance Bull) · 09-25 11:00 · ♥53 ↻17 💬2 No wonder $XRP has such a grip on Korea. Just listen to what Upbit is explaining here.
Spent a lot of time thinking about this interview because the bullish part is much deeper than “Koreans love XRP.”
Upbit Official is talking about what happens when real financial assets start living on XRP Ledger.
-Gold. -Silver. -Real estate. -Stocks. -Bonds. -Treasuries. -Money-market funds. -Stablecoins. -Private credit. -Different currencies.
Once enough of those assets exist on one network, finance runs into a very simple problem:
How do you create deep liquidity between everything?
Say XRP Ledger eventually has only 10 meaningful tokenized assets.
That already creates 45 possible direct trading pairs.
At 100 assets, it becomes 4,950 pairs.
At 1,000 assets, you are approaching 500,000 different direct combinations.
Think about how crazy that gets.
You would need markets such as:
gold against Apple.
Apple against a Treasury fund.
Treasury fund against Korean won.
Korean won against RLUSD.
RLUSD against tokenized real estate.
Real estate against silver.
Silver against a bond fund.
And thousands upon thousands more.
You can build those markets individually, but liquidity gets spread everywhere.
Upbit’s interview points toward a cleaner answer:
use a common liquid asset in the middle.
And XRP Ledger already has that mechanism built in.
XRPL calls it auto-bridging.
If someone wants to trade two issued assets and the direct market is weak, XRPL can route the trade through XRP when the XRP route offers the better execution.
So instead of needing a deep direct market between every asset on Earth, the ledger can potentially do something like:
tokenized gold → XRP → tokenized real estate
or:
Korean won asset → XRP → RLUSD
or:
tokenized Treasury → XRP → tokenized stock
The person making the trade does not need to manually buy XRP and sell it again.
XRPL can use XRP in the middle automatically.
That mechanism is documented directly in XRP Ledger’s own technical documentation: its DEX can create synthetic order-book liquidity using XRP as the intermediary whenever doing so gives a better overall exchange rate.
This is the part of the $XRP thesis I think people still underestimate.
XRP does not need every stock, bond, currency or commodity to somehow become XRP.
Those assets can remain exactly what they are.
Gold stays gold.
A Treasury stays a Treasury.
RLUSD stays one dollar.
A Korean won token stays denominated in won.
The opportunity comes when all of those separate assets need to exchange value with each other.
XRP can sit in the middle of that liquidity graph.
And tokenization makes that role far more interesting than the old XRP story built mostly around FX corridors.
Years ago, people explained the bridge-asset concept with something like:
USD → XRP → MXN.
Now imagine the same idea spreading across entire capital markets.
RLUSD → XRP → tokenized Apple
tokenized bond → XRP → tokenized gold
KRW asset → XRP → Treasury fund
real-estate fund → XRP → RLUSD
That is a completely different scale of liquidity.
And the wild part?
The asset universe is already starting to grow.
Ondo Finance’s OUSG went live on XRP Ledger with subscriptions and redemptions available around the clock using RLUSD. At deployment, OUSG had more than $670M in TVL, while Ondo’s broader tokenized-asset platform had passed $1.3B.
So XRPL already has an institutional tokenized Treasury product connected directly to its stablecoin liquidity.
Then there is Guggenheim Treasury Services’ Digital Commercial Paper, bringing another type of traditional financial instrument into the ecosystem.
Then Aviva Investors, the investment arm of Aviva, announced its collaboration with Ripple to explore tokenizing traditional investment-fund structures on XRPL throughout 2026 and beyond.
Look at the progression.
-Stablecoins. -Treasuries. -Commercial paper. -Investment funds.
Each new category creates another possible piece of the liquidity graph.
And RLUSD makes the whole structure more interesting.
As of September 3, the context puts RLUSD at roughly $2.396B circulating, backed by approximately $2.518B in reserves.
So imagine XRPL building a very deep dollar market through RLUSD.
An institution holds a tokenized asset.
It wants dollars.
RLUSD can be the stable settlement side.
Another institution wants to move between two non-dollar assets.
XRP can potentially provide an intermediary route when the economics favor it.
Those functions fit together naturally.
One provides stable digital dollars.
The other can help connect liquidity.
And XRP Ledger provides the market infrastructure underneath both.
That becomes even more interesting when you bring BlackRock into the broader tokenization picture.
Ondo’s OUSG has had exposure connected with BlackRock BUIDL.
Separately, Ripple and Securitize built functionality allowing eligible holders of BlackRock BUIDL and VanEck VBILL to exchange their fund shares into RLUSD around the clock.
Securitize also announced its XRPL integration.
So institutional tokenized funds are already getting closer to the same digital-dollar liquidity environment.
Think about how much more useful XRP’s bridge role becomes if the asset count keeps expanding.
One tokenized Treasury is useful.
One stablecoin is useful.
One tokenized fund is useful.
But the real magic starts when hundreds of different assets have to communicate financially with each other.
That is when liquidity architecture matters.
And XRPL is being built around the compliance controls institutions need as well.
Credentials allow approved identities and compliance status to exist at the ledger level.
Permissioned Domains can restrict access based on those credentials.
Permissioned DEXes can create controlled trading environments in which only vetted participants can transact.
And here is the part I really like:
XRPL documentation explicitly says permissioned DEX trades can still use XRP auto-bridging when the required order books exist inside the same permissioned environment.
Think about that.
A regulated institution does not necessarily have to choose between controlled market access and XRP liquidity routing.
You could eventually have credentialed institutions trading tokenized assets inside a permitted environment while XRP still links different books together.
That architecture suddenly makes the Upbit interview much more serious.
It is not somebody inventing a new XRP use case on camera.
The core liquidity mechanism already exists.
What changes everything is the number of assets attached to it.
Then look at MPTs, XRP Ledger’s Multi-Purpose Token framework.
The broader design includes issuer controls such as authorization, supply management, metadata, freeze, clawback and transfer restrictions.
Those are exactly the kinds of controls needed when the token being issued represents regulated financial value rather than a meme coin.
Put the pieces together:
issue regulated assets.
verify eligible participants.
create controlled markets.
bring in stable dollar liquidity.
allow trades around the clock.
use XRP as an intermediary when its route produces better execution.
That is a real financial architecture.
And Korea makes the entire story even more fascinating.
Upbit Data Lab reported on September 2 that 20.19% of Korean crypto trading value was concentrated in XRP during the period it analyzed.
It also found that RLUSD’s domestic Korean trading share was 27.5 times its overseas share.
That is serious market interest.
Then you have Upbit Official publishing educational content explaining the actual economic role XRP could play as tokenization expands.
Korea is not only trading the asset heavily.
Pieces of Ripple’s institutional infrastructure are also moving deeper into the country.
Kyobo Life Insurance, one of Korea’s major insurers, partnered with Ripple around tokenized Korean government-bond settlement using Ripple Custody, exploring near-real-time settlement compared with traditional multi-day processes.
Kbank, Korea’s first internet-only bank, adopted Ripple Custody infrastructure as it expands institutional digital-asset capabilities.
Jeonbuk Bank became Korea’s first regional bank to deploy Ripple Payments, with cross-border settlement moving in seconds to minutes and operating 24/7.
And the context also brings in DSRV Labs + SBI Ripple Asia, researching Japan–Korea payment infrastructure with XRPL under consideration as the blockchain foundation.
So Korea has an unusually interesting mix developing at once:
massive XRP trading liquidity.
tokenized bond experimentation.
institutional custody.
bank payments.
cross-border research.
And then Upbit itself is explaining why XRP liquidity could matter when more real-world assets come onchain.
I don’t think those pieces should be looked at in isolation.
Liquidity matters to a bridge asset.
Korea already supplies enormous XRP liquidity.
Institutional finance is moving toward tokenized assets.
Ripple infrastructure is gaining Korean financial connections.
XRPL already has native routing technology capable of using XRP between assets.
The more assets arrive, the bigger the possible network becomes.
Imagine just one tokenized asset joining XRPL.
It creates a few new markets.
Now imagine 100.
Then 1,000.
-Stocks. -ETFs. -Treasuries. -Bonds. -Stablecoins. -Deposits. -Gold. -Private credit. -Real-estate funds.
Every asset becomes another potential node in the network.
And if market makers concentrate deep liquidity around XRP, a new asset does not necessarily need deep liquidity against every other asset independently.
It can tap into a larger hub.
That can create a powerful feedback loop.
More assets create more possible routes.
More routes make deep XRP markets more useful.
More usefulness gives market makers greater incentive to maintain liquidity.
Deeper liquidity makes XRP routing more competitive.
Better execution creates even more reason to use the route.
And Korea could become one of the places supplying some of that depth.
The U.S. side is moving in a direction that makes the tokenization part of this thesis more relevant too.
On September 17, the SEC issued temporary conditional relief allowing qualifying tokenized U.S.-listed stocks to trade through permissioned onchain AMM environments using public, permissionless distributed ledgers.
It does not name XRPL specifically, but it opens a regulated pathway around the exact broader category XRPL has been preparing infrastructure to serve.
And in its March 17 interpretation, the SEC identified XRP as an example of a digital commodity under its stated crypto-asset taxonomy, with the CFTC joining the interpretation to align its Commodity Exchange Act administration.
So think about the setup developing around $XRP.
A native digital commodity.
Inside a public ledger built around asset issuance and exchange.
With stablecoin liquidity through RLUSD.
With tokenized Treasuries already live.
With commercial paper.
With traditional funds being explored by Aviva Investors.
With regulated trading infrastructure under development.
With XRP auto-bridging already built into the DEX.
And with one of the deepest XRP markets in the world sitting in Korea.
That Upbit interview suddenly sounds very different.
The biggest prize does not require every asset to be priced in XRP.
The prize is XRP becoming the liquid connection between an enormous number of assets that keep their own identities.
A stock stays a stock. A bond stays a bond. A dollar stays a dollar. A won stays a won.
Gold stays gold.
But value still needs to move between all of them.
And if XRPL becomes home to a large enough tokenized economy, $XRP could sit right in the middle of that movement.
That is the part of the Upbit interview I think people should listen to twice. > 引用 @Xfinancebull: Imagine still waiting for “BlackRock tokenizing on the $XRP Ledger through Ondo Finance.”
Couldn’t be me
I’ve been watching this connection build for a reason
It’s going to be wild when the bigger picture starts playing out
Tell me why I shouldn’t be bullish on $XRP + $ONDO? https://t.co/QmqGRXVmMw https://x.com/Xfinancebull/status/2103439378068693040
## @XrpUdate (XRP Update) · 09-25 11:08 · ♥65 ↻9 💬1 THE U.S. COULD TAKE DOLLAR-BACKED STABLECOINS GLOBAL.🇺🇸
The Trump administration is reportedly considering public-private ventures to expand stablecoins overseas, with the goal of strengthening dollar dominance & boosting demand for U.S. Treasuries.
THE DOLLAR IS GOING ONCHAIN. https://t.co/cTskYSh6Qt https://x.com/XrpUdate/status/2103441433701277883
## @nordin_eth (nordin.eth) · 09-25 11:21 · ♥66 ↻4 💬9 Arc mainnet went live and @1inch was there from block one with the whole stack.
Swaps, Aqua liquidity, Wallet + APIs. No “coming soon” rollout.
The interesting part is the timing.
Arc is built around stablecoins + real world finance, exactly the kind of flow 1inch already routes every day.
And because the chain is brand new, Aqua LP competition is still basically starting from zero while launch-day trading flow is already arriving.
Users get intent-based swaps, MEV protection, no gas fees + cross-chain routing in and out of Arc without dealing with a bridge flow.
Builders also get quotes, swaps + routing under one API key, with Aqua sitting underneath as the liquidity layer.
Fresh chain + infrastructure live from day one is usually where I start paying attention.
https://t.co/zhiUVgwANN > 引用 @1inch: 1inch is live on @arc. Full suite from launch: dApp, latest version of 1inch Wallet, Aqua, every API.
Arc is built for real world finance. Moving RWAs is already what we do best, now it runs on Arc.
Intent-based swaps, no gas fees, MEV protection. Cross-chain with no bridge.
For builders: swaps, quotes and routing behind one API key, with Aqua underneath for liquidity that’s already there. https://x.com/nordin_eth/status/2103444733724885044
## @techconcatalina (Catalina Castro) · 09-25 11:51 · ♥44 ↻6 💬1 🔥BRUTAL🔥
CADA VEZ ES MÁS EVIDENTE: EL NUEVO SISTEMA FINANCIERO TIENE A #BLOCKCHAIN Y #CRIPTO COMO EJE CENTRAL
👀 Mirá todo lo que pasó en solo dos semanas:
▫️ EE.UU. analiza un plan para promover las stablecoins en dólares en todo el mundo ▫️ La CFTC anunció que va a establecer reglas "claras" para el mercado cripto ▫️ BlackRock se asocia con #ONDO para lanzar carteras de inversión tokenizadas ▫️ La Bolsa de Nueva York (NYSE) firmó con https://t.co/0QFXTEoU4H para llevar acciones tokenizadas a 44 millones de cuentas cripto ▫️ SoFi Bank y Mastercard lanzan una red de pagos con liquidación en stablecoins ▫️ IBM conectó su plataforma de activos digitales al registro blockchain de Swift: los bancos van a poder mover depósitos tokenizados 24/7 ▫️ 21 bancos globales anunciaron que lanzarán su propia stablecoin en dólares en 2027 ▫️ Los bancos más grandes del Reino Unido completaron sus primeras transacciones interbancarias con depósitos tokenizados ▫️ Los 6 bancos más grandes de Canadá lanzan un proyecto conjunto de depósitos tokenizados para pagos 24/7 en blockchain ▫️ Raiffeisen, un banco de $235.000 millones, habilita el trading cripto en 11 mercados europeos ▫️ La Bolsa de Moscú lanza futuros perpetuos sobre 5 de las principales criptomonedas ▫️ Rusia dice que crear un mercado cripto regulado es una prioridad máxima
📍 Bancos, bolsas, reguladores y gobiernos de EE.UU., Europa y Rusia están yendo en la misma dirección.
¿Todavía pensás que cripto es una moda⁉️ https://x.com/techconcatalina/status/2103452286647156873
## @Eljaboom (Elja) · 09-25 10:21 · ♥43 ↻0 💬14 $BNB Chain just took the #1 spot in something that actually matters. 🔥
Stablecoins are the backbone of onchain finance.
#BNBCHAIN now has more $USDT holders than any other chain in this dataset.
That's real adoption. https://t.co/uBUfTuVe2O https://x.com/Eljaboom/status/2103429575711785033
## @DorkChicken (Dorkchicken) · 09-25 11:16 · ♥44 ↻4 💬4 $TOTAL2ES Crypto market cap excluding BTC and stablecoins.
Unlike 2023-25, this cycle, I think we'll make new ATHs. https://t.co/XbNR8rqzlO https://x.com/DorkChicken/status/2103443395687706952
## @TheLinkPanda (⬡ The Link Panda ⬡) · 09-25 09:31 · ♥41 ↻6 💬0 One of the most interesting discussions at the Philadelphia Fed’s 10th Annual Fintech Conference wasn’t about which stablecoin wins.
It was about the infrastructure underneath them.
The panel, “Tokenized Deposits or Stablecoins? How Banks and Crypto Issuers Shape the Future of Digital Payments,” brought together:
• Greg Baer — President & CEO, Bank Policy Institute • Dan Fishman — Treasurer, Circle • Caitlin Long — Founder & CEO, Custodia Bank • Shawn Main — EVP & Chief Business Architect, Vantage Bank • Mike McCoy — Head of Digital Assets, GTM & Sales, Fiserv • Moderated by Brooke Ybarra — SVP, Innovation & Strategy, American Bankers Association
The conversation moved toward AI-driven payments and a future where money may need to move autonomously across an increasingly fragmented financial system. One thing stood out: For this to work at scale, the financial infrastructure needs liquidity, interoperability and connectivity. Stablecoins, tokenized bank deposits, public blockchains, private networks and traditional banking systems aren't all going to magically become one network. They need infrastructure that connects them.
And that's where this becomes particularly interesting from a Chainlink perspective.
CCIP is being built for interoperability across networks. CRE for orchestrating workflows across blockchains and existing financial systems. Chainlink's data infrastructure provides pricing and verification, while its compliance stack is being developed for regulated transactions.
And now AI agents are entering the equation too: software capable of initiating transactions, accessing services and making payments autonomously.
The panel wasn't about @Chainlink.
But the financial architecture they were describing increasingly resembles the exact problem Chainlink has spent years building toward.
The future of money may be fragmented at the asset level, but interconnected at the infrastructure level.
Watch here: 👀 https://x.com/TheLinkPanda/status/2103417119345914304
## @FrankLambeek (ItsFrank) · 09-25 07:35 · ♥45 ↻3 💬1 sui:native is quietly building something much bigger than another Layer-1.
The interesting part isn't just speed.
Sui is pushing into:
→ DeFi → Gaming → Stablecoins → Consumer apps → On-chain assets
And its object-centric architecture gives developers a different way to build and scale applications.
DYOR. https://x.com/FrankLambeek/status/2103387968551391546
## @Crypto_C0mpass (Crypto Compass) · 09-25 06:56 · ♥40 ↻5 💬0 🚨 THE RULES OF THE CRYPTO GAME ARE CHANGING.
Stablecoins are no longer just digital assets sitting in wallets. 👀
The bigger story is this:
💳 Payments 🏦 Banking infrastructure ⛓️ Blockchain-based settlement 🌍 Global money transfers 🤖 AI-powered financial transactions
One important example: SoFiUSD.
SoFi is bringing its card program together with blockchain-based settlement through Mastercard’s global network.
And the program is expected to process more than $25 BILLION in annual card volume. 💰
Why does this matter?
Because blockchain is no longer just about “buying and selling crypto.”
The real race is about:
Who is faster? Who is more useful? Who can power real-world payments? Who can provide infrastructure that scales to millions of users?
And this is where Pi Network becomes interesting again. 🟣
Instead of looking at Pi’s long-term story only through the lens of token price, it may be more meaningful to look at it through payments + applications + the digital economy + blockchain infrastructure.
Because in the future, the question may not simply be:
“Will crypto go mainstream?”
The bigger question could be:
Which blockchain networks will be capable of providing the infrastructure that mainstream finance needs? 👀
#PiNetwork #Pi #Crypto #Stablecoins #Blockchain https://x.com/Crypto_C0mpass/status/2103378117985247258