stablecoins · X 热门 · 2026-09-24 06:49 UTC

# stablecoins — X 热门讨论 (2026-09-24 06:49 UTC)

## @TheVictorBuilds (TheVictorBuilds) · 09-24 06:07 · ♥51 ↻9 💬49 UK BANKS COMPLETE FIRST TOKENIZED DEPOSIT TRANSFERS.

The financial plumbing of the United Kingdom has officially crossed the digital threshold. The UK's largest banks have successfully executed the world's first interbank transactions using tokenized deposits, moving blockchain based settlement out of the sandbox and into a viable production environment.

Concurrently, a separate group including HSBC simulated a programmable person to person marketplace payment that conditionally released locked funds only upon the receipt of goods.

The broader pilot involved other tier one entities like Monzo, Nationwide, and Santander, with technical and advisory infrastructure provided by Quant, EY, and Linklaters.

The Bank of England has actively expressed a preference for these bank issued tokenized deposits over privately issued stablecoins to maintain monetary sovereignty and control credit costs.

To transition into full production, the participating banks plan to establish a dedicated company, formulate a governance rulebook, and issue three digital bonds in the first quarter of 2027 that will trade and settle entirely via tokenized deposits.

Just like the Canadian Big Six consortium we discussed previously, the United Kingdom's legacy financial system is not waiting to be disrupted by offshore stablecoins. By successfully routing tokenized sterling across different banking institutions, they have solved the interoperability problem that has plagued private bank ledgers for over a decade. This is a fatal blow to non bank stablecoin issuers attempting to capture institutional European volume. The Bank of England has made its stance clear: it will protect the commercial banking perimeter. If tier one banks can offer instantaneous, programmable, 24/7 settlement using digital money that carries the exact same legal status and deposit insurance as a traditional bank account, corporate treasuries have zero incentive to take on the counterparty risk of a private stablecoin. Traditional finance is building a regulated, interoperable fiat network that makes legacy batch clearing systems obsolete while simultaneously blocking crypto native competitors.

The architecture of global interbank settlement is being rebuilt on distributed ledgers. s.

The legacy banking cartel is officially absorbing the blockchain. Respect the regulatory alignment, track the enterprise interoperability providers, and position your capital for the complete institutionalization of fiat settlement. > 引用 @TheVictorBuilds: 30 YEAR MORTGAGE RATES BREACH 7.25%. THE HOUSING MARKET FREEZE

The American real estate market has officially hit a structural wall. The cost of financing a home has surged to levels that mathematically lock out the average retail buyer, driven by an aggressive bond market and a Federal Reserve that refuses to blink.

Average 30 year fixed mortgage rates officially breached the 7.25% threshold, touching 7.26% on daily tracking indexes this week.

This upward explosion is directly tethered to the 10 year Treasury yield, which recently surged past the 5% mark amidst persistent inflation data and geopolitical energy shocks.

Demand has been utterly destroyed. Total mortgage application volume is plummeting, and the refinance index has collapsed, sitting 62% below year ago levels.

To survive the affordability crisis, retail buyers are increasingly pivoting to adjustable rate mortgages simply to lower their upfront costs. ARMs now account for nearly 10% of all new mortgage applications.

The supply side is feeling the immediate friction. Major homebuilders like KB Home and Lennar have recently posted weaker guidance, dragging broader builder confidence down to a one year low.

We are witnessing the absolute paralysis of residential mobility. For the past decade, the entire American residential real estate model was built on the assumption of 3% debt. With rates crossing the psychological and mathematical threshold of 7%, the market is experiencing a massive lockin effect. Homeowners who secured historically low fixed rates during the pandemic absolutely refuse to sell, because upgrading or moving at a 7.25% rate would effectively double their monthly payment for the exact same principal. This creates an artificial inventory shortage that is temporarily propping up home prices despite the collapse in buyer demand. The surge in adjustable rate mortgages is the ultimate red flag. When retail buyers migrate back to ARMs just to afford a monthly payment, it signals that they are maxing out their leverage and betting their personal solvency on the Federal Reserve cutting rates before their loans reset. The housing market is no longer trading on fundamental home valuations; it is trading entirely on debt affordability.

The residential real estate sector is structurally impaired.

The era of cheap housing leverage is dead. https://x.com/TheVictorBuilds/status/2103003309380681791

## @TheVictorBuilds (TheVictorBuilds) · 09-24 05:50 · ♥51 ↻14 💬35 US GOVERNMENT WEIGHS OVERSEAS STABLECOIN PUSH. THE WEAPONIZATION OF DIGITAL DOLLARS

The Trump administration is actively preparing a massive initiative to promote dollar backed stablecoins globally, explicitly treating digital assets as a tool of sovereign financial dominance.

As a data driven analyst, I track the specific regulatory and institutional catalysts that drive market infrastructure. The mechanics of this initiative are highly calculated:

+ The Trump administration is exploring public private partnerships involving the Treasury Department, State Department, and the U.S. International Development Finance Corporation to promote dollar backed stablecoins overseas.

+ The strategic goal is twofold: reinforce the U.S. dollar's status as the world's reserve currency and mechanically boost global demand for U.S. Treasuries, which serve as the underlying reserve asset for these tokens.

+ This initiative precedes the implementation of the GENIUS Act, a federal regulatory framework signed by President Trump that strictly mandates a 1:1 backing with dollar reserves and short term Treasuries. The law officially goes into effect on January 18, 2027.

Treasury Secretary Scott Bessent has publicly endorsed stablecoin growth as a direct mechanism to strengthen the dollar's role as the world's reserve currency. The administration's urgency is driven by foreign competitors actively building alternative digital payment infrastructures, notably China's participation in the multilateral Project mBridge and the European Central Bank's development of the digital euro.

For years, the U.S. government viewed cryptocurrency strictly as a shadow banking threat. This initiative marks a complete structural pivot: Washington now recognizes stablecoins not as a risk to the fiat dollar, but as its ultimate defense mechanism. By actively exporting dollar pegged stablecoins globally, the U.S. is bypassing legacy banking friction and dropping digital greenbacks directly into foreign wallets. This is a direct, aggressive counter offensive against global dedollarization. As China pushes its digital yuan through Project mBridge to bypass the Western dominated SWIFT network, the U.S. realizes it cannot fight a digital currency war with analog banking rails. The administration is weaponizing the private sector's technological superiority, turning compliant stablecoin issuers into direct extensions of the U.S. Treasury. This legally forces foreign citizens who simply want dollar stability to simultaneously finance the American national debt.

The U.S. government is actively underwriting the stablecoin sector.

=> If the State Department and the DFC are going to actively subsidize and promote private stablecoin ventures overseas, the issuers that fully comply with the upcoming GENIUS Act will capture massive, government backed market share.

=> The GENIUS Act legally mandates a 1:1 backing of stablecoins with U.S. reserves. As this global promotion scales, it creates a permanent, structural bid for short duration U.S. Treasuries. Stablecoin issuers will rapidly become some of the largest, most consistent buyers of U.S. government debt on the planet.

=> The U.S. government explicitly partnering with stablecoin providers to settle international transactions is an existential threat to legacy remittance networks. When the State Department effectively endorses 24/7, near-zero-cost onchain dollar transfers, traditional payment rails that charge massive forex spreads and transfer fees become mathematically obsolete.

The digital dollar is now an instrument of national security. > 引用 @TheVictorBuilds: FORMER HACK VC PARTNER HSIN-JU CHUANG FOUND DEAD AMIDST PUBLIC DISPUTE

The digital asset venture community is navigating a devastating and highly complex tragedy. Hsin-Ju Chuang, a prominent former partner at Hack VC and a longtime crypto ecosystem builder, was found dead in California shortly after publicly exposing a severe workplace dispute with her former firm.

Hsin-Ju Chuang, age 37, was found dead on August 24 inside a vehicle near an Interstate 15 ramp in California's Mojave Desert.

The local coroner and the California Highway Patrol have not yet determined a cause of death, and the incident remains under active, official investigation.

Just prior to her death, Chuang published a detailed account accusing her former employer, Hack VC, of severe workplace pressure. She alleged that she was forced to work through a medical emergency and was threatened with industry blacklisting.

She explicitly stated she had rejected a financial settlement because it contained a strict nondisclosure agreement, opting instead to maintain her voice and publicly release her evidence on August 26.

Hack VC released statements expressing shock and sadness, noting the firm had not spoken to her directly in over 10 months and that their understanding of the events differed materially from her public claims.

Absolutely no connection has been established by authorities between her public allegations against the venture firm and her death.

Chuang was a highly respected operator who served as the head of growth at both Stellar and Solana, and founded the developer community organization Dystopia Labs.

We are looking at an absolute human tragedy that simultaneously exposes the brutal, unsparing culture of the crypto venture capital sector.

For years, the traditional venture industry has relied heavily on confidential settlements and nondisclosure agreements to manage internal disputes, quiet departures, and partner transitions. Chuang's decision to walk away from a financial settlement to explicitly maintain her right to speak out is a stark rejection of that standard operating procedure. While authorities have explicitly stated that her cause of death is undetermined and there is no known link to the dispute, the timing of her passing just days before she planned to release her documentation has created a massive informational vacuum. This event forces a harsh spotlight on venture capital governance and the always on culture of crypto. Operators in this space are routinely expected to manage global portfolios and events across a 24/7 market, which can completely erode the boundaries of personal health and labor protections. When a high profile partner feels that their only recourse is a public whistleblowing campaign, it indicates a total breakdown of internal conflict resolution frameworks.

The industry has lost a highly experienced builder. https://x.com/TheVictorBuilds/status/2102999194051252411

## @MissCryptoGER (MissCrypto) · 09-24 05:53 · ♥54 ↻2 💬4 Wir unterschätzen komplett, wie groß Tokenisierung wird.😳

Schaut euch zunächst nur die Märkte an, die zunehmend für On-Chain-Infrastruktur relevant werden:

🌍 160 Bio. $ globale Anleihen 🌍 157 Bio. $ globale Aktienmärkte 💱 9 Bio. $ PRO TAG am FX-Markt 📑 846 Bio. $ Nominalwert bei OTC-Derivaten

McKinsey erwartet bis 2030 rund 2 Bio. $ tokenisierte Finanzassets, in einem stärkeren Szenario etwa 4 Bio. $ (ohne Stablecoins und CBDCs.)

Für Stablecoins allein werden inzwischen Größenordnungen von 2–4 Bio. $ diskutiert.

Und das wäre erst der Anfang. Anleihen, Fonds, Aktien, Bankeinlagen, Stablecoins, Zentralbankgeld, Collateral und irgendwann Teile der Derivatemärkte wandern auf neue digitale Rails.

In meinem Video habe ich darüber gesprochen: Vor fünf Jahren war Tokenisierung für die meisten überhaupt kein Thema und heute sprechen ganze Finanzmärkte darüber.

Wir sehen inzwischen auch immer klarer, welche Netzwerke eine Rolle spielen. Nur stehen die Gewinner bei dieser Entwicklung noch nicht fest.

Noch nicht. 😉 https://x.com/MissCryptoGER/status/2102999950514618716