# stablecoins — X 热门讨论 (2026-09-28 16:22 UTC)
## @KAVA_CHAIN (Kava) · 09-28 16:01 · ♥235 ↻17 💬21 Here's the "aha" moment:
Stablecoins already beat Visa/Mastercard on settlement volume.
~$33T processed last year.
And we're still at the beginning of actual payment adoption 🔑 https://x.com/KAVA_CHAIN/status/2104602293345665189
## @Aptos (Aptos) · 09-28 16:00 · ♥172 ↻19 💬28 A business in Nigeria pays in local currency. A business in the UAE gets paid in theirs. In between, stablecoins move on Aptos.
That's the regulated corridor @Daya_HQ and @HashKeyMENA are building, with support from Aptos Foundation.
Two continents, one settlement layer. https://t.co/ed0hyagIKB https://x.com/Aptos/status/2104602177989984453
## @SimonDixonTwitt (Simon Dixon) · 09-28 15:43 · ♥77 ↻12 💬4 Makes zero sense to use freezable stablecoins.
Iran knows this too, so there is a reason why these transactions were permitted without freezing them.
And there was a reason why Iran used $USDT knowing they can be frozen. > 引用 @WatcherGuru: JUST IN: 🇮🇷 US Senate investigation finds Iran is widely using Tether's $USDT to bypass sanctions, WSJ reports. https://t.co/ZAElcuIEuR https://x.com/SimonDixonTwitt/status/2104597980456394865
## @Liembriel (Liembriel) · 09-28 14:46 · ♥68 ↻9 💬0 Traditional brokers give you access to stocks. Crypto exchanges give you BTC, ETH, altcoins and memecoins.
But why should I have to choose between the two?
That’s one reason I find the multi asset model on BingX interesting.
I can check stocks, indices, BTC, altcoins and even memecoins all in one place without constantly switching platforms.
What makes it more useful is that BingX combines traditional market access with crypto features like on chain deposits and withdrawals, plus stablecoins where supported.
Markets don't always move in the same direction, and my interests can change too. Having access to both traditional and crypto markets on one platform simply makes things more convenient.
Sometimes, having everything in one place is exactly what you need.
#BingX #MultiAssetTrading #CryptoTrading #TradFi https://x.com/Liembriel/status/2104583447616344414
## @TheDebriefing17 (TheDebriefing17) · 09-28 15:11 · ♥46 ↻18 💬1 🤔The Five-Power Convergence, Part Two: The Whole Board
2026. Eight months, 844 logged actions, 55 jurisdictions. The view from altitude.
In February we drew five lines on one timeline. The United States, Russia, China, Saudi Arabia, India.
Eight months later the lines are a map. And the map is bigger than five countries.
Part One zoomed in on the purges. Part Two pulls back. Not country by country. The whole board what moved, where it spread, and what it looks like from high enough up that the individual headlines disappear and only the shape is left.
I. The Purges Became Law
In February, the five powers were running purges. By September, all five were writing statutes.
Russia enacted a law to seize property from designated "foreign agents," effective September 1. Its Constitutional Court ruled that criminally acquired property can be taken no matter how long it was held or who it passed to including from heirs after an official's death. Crypto wallets were added to the forfeiture scope in February. A former First Deputy Defense Minister was arrested and charged with running a criminal organization. A deputy minister got 19 years. Aeroflot's CEO was arrested. Two agricultural-empire confiscations approached $7.6 billion. On September 22, the Prosecutor General reported 60,000 officials convicted and roughly $9.5 billion in property seized over five years.
Saudi Arabia moved from arrests to legislation: a new anti-money-laundering statute and border authority to seize undeclared cash and metals. Its anti-corruption authority logged more than 32,000 raids and 4,800 investigations in 2025, then kept the monthly pace through 2026. Executives at a $63 billion sovereign-fund megaproject were detained. The sovereign wealth fund itself came into the frame. On September 21, 298 officials were detained in a single sweep including officers from the Defense and Interior ministries. The largest single action in our record.
India's Enforcement Directorate attached a record $9.7 billion in assets in one fiscal year and doubled its raids. Real estate, police corruption, narcotics-hawala networks, betting syndicates, a former chief minister's residence.
China's purge reached the people who run both the guns and the money. In January the Vice Chairman of the Central Military Commission the second-ranked officer in the country and the Chief of the Joint Staff were placed under investigation together. The commission that runs the army went from seven members to two. Two former defense ministers were sentenced to death with reprieve. More than a hundred senior officers purged since 2022. Then finance: the head of the national banking regulator, a former chairman of the securities regulator, the president of a policy bank. A Politburo member expelled. A vice foreign minister removed days before a Washington visit. Ten institutional domains. The fiftieth ministerial-rank official of 2026 fell in September double the prior record pace. A party plenum is announced.
The United States kept writing instruments as the money moved. Section 311 of the PATRIOT Act cut foreign banks off from the dollar. When money moved to crypto, Congress wrote Section 9714, and its first use hit a crypto exchange. When it moved to cartel-linked Mexican banks, Congress wrote Section 2313a. Three statutes, each written after the last one stopped reaching. Somebody was watching the money move and building ahead of it.
And the targets climbed. In January a sitting head of state, indicted for narcoterrorism in 2020, was taken into U.S. custody. In April a sitting Mexican governor was indicted alongside a sitting senator, a deputy attorney general, police commanders, and a mayor. Both co-founders of the Sinaloa cartel are now serving life in U.S. custody at the same time a first.
A purge ends. A statute stays. Every one of the five now publishes its numbers on a schedule.
II. The Coalition Is Wider Than Five
The workbook now logs enforcement touching 55 jurisdictions. The five powers are the loudest. They are not alone.
A Swiss federal court criminally convicted Lombard Odier a Geneva private bank founded in 1796 and confiscated 400 million francs. Swiss banking used to settle. This one was convicted.
Six Gulf states co-designated Hezbollah's financial network alongside the United States, including the NGO that operates as its bank. Seven sovereigns, one action.
Spain, with Europol and INTERPOL, dismantled a crypto narco-bank that moved $2 billion. Twenty-one arrests in six countries. The case started with a cocaine ship seized in 2021 five years from the dock to the arrests.
A Turkish bank inside a NATO country was cut off for moving Iranian oil money. The Treasury Secretary on what a designation means: "code for you are out of business."
Australia shut down its largest Bitcoin ATM network. Canada revoked 23 money-service licenses in a single day. An Irish drugs unit in Galway froze crypto wallets alongside the amphetamines and cash. INTERPOL's Operation Synergia III took down 45,000 malicious IP addresses across 72 countries after six months of silence.
From Washington to Galway. The capability that used to live in one Treasury building now lives at the beat-cop level in dozens of countries.
III. The Dollar Changed Shape
This is the movement that matters most, and it happened mostly out of sight.
On July 14, while U.S. and Iranian forces were exchanging strikes, Treasury instructed a private company to freeze $131 million in stablecoins held in wallets tied to Iran's central bank. Tether froze them within hours. No court order. No correspondent bank. One instruction.
Read that again from altitude. A sovereign central bank was holding reserves in a private, dollar-denominated token and the United States froze them faster than it could have frozen a bank account. Iran's total losses to these freezes and seizures ran near $1.5 billion by mid-year. Its four largest crypto exchanges were designated in a single action.
The rails are being built in the open. Stablecoin law now requires issuers to hold reserves in short-dated U.S. government paper and to follow the same anti-money-laundering and freeze rules as banks. Every dollar token issued is a new buyer of Treasury bills and a new wallet that can be frozen on instruction.
In September a new institutional blockchain went live with BlackRock, DTCC which clears virtually all U.S. securities and Visa among its validators. Not proposed. Running.
And the government stopped selling what it seized. The U.S. used to routinely auction confiscated Bitcoin. After 2018 the routine stopped and the holding began. The formal "do not sell" order came in March 2025. The behavior came first seven years first. Who made that call, and when, has never been made public. Not proven. But the reserve now sits at the end of a pipeline that took two decades to build: investigation, seizure, forfeiture, custody, reserve. The $15 billion Prince Group forfeiture the largest in DOJ history feeds straight into it.
Crypto was supposed to be the exit from the dollar system. In 2026 it became the dollar system's fastest freeze button.
IV. The Exits Keep Closing
After the Huione payment network was cut off from the dollar, the business moved to successor networks.
The enforcement followed. In September, one of those successors a Telegram-based marketplace that processed an estimated $24 billion since 2022 was designated a transnational criminal organization. Treasury has proposed letting a dollar cutoff follow "any successor entity," so a rebrand no longer protects anyone.
Cut. Move. Cut again. Rewrite the rule so the cut follows the function instead of the name.
That is the real shape of enforcement now. Not one knockout. A campaign with the rulebook updating between rounds and every round the rulebook gets longer.
V. Pressure and Deals, Same Week
Russia shows the tool at its most precise.
On September 18, a veto-proof Russia and Iran sanctions law was signed mandatory triggers, secondary sanctions on buyers of Russian energy. On September 19, the U.S. extended the license keeping Lukoil's wind-down running. Earlier that month the acting head of the office that signs U.S. sanctions sat in the delegation at the Kremlin.
Maximum pressure on the network. A narrow door left open for the deal. Both at once, both on the record.
Why that combination, and who decided it not proven. What is proven is that it keeps repeating, license after license, and the pressure side never comes off.
VI. The Other Side Is Building Too
This isn't one system absorbing the world. It's a contest, and both sides are pouring concrete.
Russia seized sixteen Western businesses by presidential decree in September. China runs its own cross-border payment system and a live digital currency. BRICS met in New Delhi and instructed its payments task force to keep building.
Saudi Arabia's exit from mBridge the China-anchored central bank currency platform surfaced in September. The Saudi central bank says its participation ended in May 2025 and the exit was planned. It left quietly and said nothing for sixteen months.
And the gold is moving. The Dutch central bank moved 86 tonnes out of New York to London between March and August. France moved 129 tonnes out of the New York Fed the year before. Two NATO central banks, 215 tonnes, fourteen months. Not home to the most liquid trading hub on earth, where the Dutch say it can be deployed fastest in a crisis. Why now: a guess, not proven. But it's on the board.
VII. Firsts
The clearest signal isn't volume. It's instruments crossing lines they had never crossed before.
A 1930 tariff authority used for the first time in 96 years.
Both co-founders of the Sinaloa cartel serving life in U.S. custody simultaneously.
A sovereign central bank's reserves frozen through a private token issuer.
The first criminal conviction of a Swiss private bank in our record.
Five Latin American criminal organizations designated as foreign terrorist organizations in a single quarter.
A dollar-cutoff rule proposed to follow "any successor entity."
Russia and China's military commands both hollowed out in the same year.
One first is a headline. Seven in the same window is a pattern.
VIII. What It Is
From 40,000 feet, the read is this: coordinated capacity across the whole board.
Rival states running the same kind of machine at the same time. Allies sharing tools and data. Adversaries building their own versions. Every one of them reaching the same conclusion that financial opacity inside their own institutions is a threat and moving on it through whatever system they have.
The laws came first. Then the data. Then the tracing. Then the seizures. Then the statutes to make it permanent. Then the vault.
Whether one hand sits above all of it is not proven. It's the guess this entire project exists to test. What's documented is enough to take the guess seriously: a machine built over twenty-five years, now running in 55 jurisdictions, freezing in hours, reaching sitting governors and military commissions, and writing itself into law in five systems that agree on almost nothing else.
Part One asked whether it was always the plan.
From high enough up, the board answers part of it. The purges became statutes. The statutes became standing machines. The machines spread to 55 jurisdictions. The dollar learned to freeze in hours. And the other side started building its own.
The board is set. Nobody's flipping it over.
I am the guy on the couch, and you have been debriefed. > 引用 @TheDebriefing17: The Five-Power Convergence How Five Nations Launched Parallel Purges Within the Same 18-Month Window https://x.com/TheDebriefing17/status/2104589927090364800
## @circle (Circle) · 09-28 16:00 · ♥41 ↻9 💬7 Circle 🤝 @VolanteTech
Banks are looking at where stablecoins fit inside the payment systems they already run.
Circle and Volante are working together to help financial institutions evaluate USDC payment and settlement workflows within existing infrastructure.
https://t.co/dsOZrEz4kD https://x.com/circle/status/2104602033198186721
## @mosesibb (Moses ∞) · 09-28 12:14 · ♥44 ↻8 💬1 Some of you are still confused about this, so let me break it down.
Currently, we have two groups of node providers on ICP, and their rewards work differently:
1. NNS Node Providers: These guys receive their monthly rewards in ICP equivalent to a fixed fiat value. The total fiat value is around $1.2M.
So, as the price of #ICP increases, the number of ICP tokens they receive each month decreases.
2. Cloud Engine Node Providers: These guys receive their rewards in cycles, which can be redeemed for fiat/stablecoins. They don't receive their rewards directly in ICP.
This can help reduce the constant selling pressure on $ICP that comes from node-provider rewards. 👌
I hope you understand it now? 🤗🚀 https://x.com/mosesibb/status/2104545197002531151
## @ccatalini (Christian Catalini) · 09-28 13:04 · ♥40 ↻4 💬9 Apparently, customers selecting a better rate is a “bank run” now.
This will happen with or without agents. Better infra makes idle cash easier to deploy.
The threat to banks’ net interest income isn’t stablecoins either. It’s losing friction as a business model. > 引用 @JasonYanowitz: Fascinating.
Chief Economist at Apollo: agents could cause a bank run by sweeping household cash into accounts paying 3-5% instead of the 0.1% national average, causing banks to lose a large share of their cheap deposits. https://t.co/h9jo4cSXcB https://x.com/ccatalini/status/2104557890808016898
## @yugacohler (Yuga Cohler) · 09-28 13:09 · ♥42 ↻2 💬6 We’re thrilled to partner with @Citi to expand access to stablecoins, powered by @CoinbaseDev APIs. > 引用 @coinbase: We're bringing stablecoins into the banking system with @Citi.
That means instant stablecoin acceptance for institutions - all on bank-grade, regulated infrastructure.
The next step for stablecoins becoming everyday money. https://t.co/9ftQ50yl5y https://x.com/yugacohler/status/2104559066676678891