stablecoins · X 热门 · 2026-09-30 12:01 UTC

# stablecoins — X 热门讨论 (2026-09-30 12:01 UTC)

## @worldoffisher (FISHER ✨) · 09-30 10:51 · ♥49 ↻7 💬29 What if the next big crypto narrative isn’t about buying, but actually spending? 👀

While everyone is busy watching BTC and chasing altcoins, I’ve been exploring something interesting: crypto cards and stablecoin payments.

Imagine receiving USDC and using it for shopping, subscriptions or travel without the usual exchange cash-out process.

That’s where crypto payments are heading.

Fees and accessibility still need work, but stablecoins are gradually finding their place in everyday finance.

The interesting part?

Crypto adoption might not arrive with another bull run. It might arrive with your next card payment. https://x.com/worldoffisher/status/2105249267388432841

## @ClipX0_ (ClipX) · 09-30 09:07 · ♥44 ↻13 💬4 BNB Chain’s RWA ecosystem is expanding across multiple asset classes.

As of September 30, 2026, the total RWA value tracked across BNB Chain stands at approximately $18.5B.

• Stablecoins: $12.9B • US Treasury Debt: $4.4B • Stocks: $1.1B • Private Equity: $97.2M

It shows how real-world assets on #BNBCHAIN extend beyond stablecoins into Treasuries, equities, and private markets.

#BNBChain #RWA #Tokenization @BNBCHAIN @cz_binance https://x.com/ClipX0_/status/2105223073406599207

## @PretiumApp (Pretium) · 09-30 09:21 · ♥49 ↻6 💬11 Proud to be selected as one of 21 fintechs in @Visa Africa Fintech Accelerator Cohort 6.

For us, this is not just a program. It is a signal that the rails we are building matter.

At Pretium, we help people and businesses spend USDT and USDC across Africa; to mobile money, banks, merchants, and bills.

We are also building agentic payments so money can move without a person having to click every time.

Visa putting stablecoins and agentic commerce at the center of Cohort 6 tells you where distribution, and regulation are heading.

We are already live on that stack.

Thank you to the Visa team and Plug and Play Africa for the selection to participate on Visa Africa Fintech Accelerator. https://x.com/PretiumApp/status/2105226490342195366

## @DooridooriX (DooriDoori | Doori Analyst) · 09-30 10:02 · ♥53 ↻5 💬5 🚨 TRUMP · ELON MUSK — XI JINPING’S BIG DECISION

OPENING THE CRYPTO MARKET THROUGH SUPER INTELLIGENCE

The reporter asked about jobs Elon Musk spoke about the direction of change “Jobs have always changed”

People once filled entire buildings doing calculations all day Musk asked whether anyone really wanted to return to calculating bank interest rates by hand

Roles evolve, and new demand emerges He described the most likely future as incredibly beneficial — a future we would want

Then 🇺🇸 President Trump brought up 🇨🇳 China He revealed that he and Elon Musk had met with Xi Jinping, explaining that China is eager for data centers

“They want every data center” “They want it because that’s great for China”

Trump recently emphasized his friendship with Xi Musk also described Xi as “a great leader”

My focus is on the data centers and Super Intelligence discussed around this meeting

The next connection is payments

Federal Reserve Governor Christopher Waller explained that agentic commerce could significantly reshape commerce and payments as adoption grows Agents search for products and make purchases on our behalf Along the way, they pay for data and services and carry out machine-to-machine micropayments

As Super Intelligence takes on an active role in the economy, it creates new demand for payments

The path to opening this market is clear in my analysis

Data centers power Super Intelligence Agents transact and generate demand for payments

Once stablecoins and blockchain become part of those payments, crypto expands into the everyday economy My analysis is that 🇨🇳 China can also expand its use of digital assets through this route

This is what I mean by opening China’s market for real-world crypto use through Super Intelligence

This is why I am watching $XRP and Stellar Lumens (stellar:native) as this payment infrastructure evolves https://x.com/DooridooriX/status/2105236733629493614

## @HQsicy (TrendHQ) · 09-30 11:08 · ♥48 ↻0 💬16 .@cashi is making digital dollars more useful for everyday life.

hold your digital dollars, spend anywhere visa is accepted, and earn cashback on everyday purchases.

from stablecoins to real-world spending without the usual friction.

try it here: https://t.co/gPBUNtTEj0 https://t.co/OVJdlDJwao https://x.com/HQsicy/status/2105253367643574551

## @Xfinancebull (X Finance Bull) · 09-30 11:01 · ♥48 ↻4 💬5 Slowly, then all at once.

The $XRP Ledger is moving into the plumbing of regulated finance.

This one got longer than planned. Worth it though.

I’ve spent years saying the real XRP story would become much clearer when blockchain stopped sitting outside traditional finance and started getting inserted directly into the infrastructure that already runs it.

Brazil just gave us one of the clearest examples yet.

CSD BR is not some random crypto company experimenting with tokens.

It is regulated financial-market infrastructure.

It handles registration, central securities depository functions and settlement services in Brazil.

Its existing platform has more than BRL 22 trillion in registered assets.

And now CSD BR is working with Ripple and using the public XRP Ledger in a live operational environment.

Phase one starts with BTG Pactual investment-fund shares.

Those fund shares are being represented on XRPL through the Multi-Purpose Token standard, MPT, while CSD BR keeps the official record inside its own systems.

Authorized participants can compare the blockchain record against CSD BR’s official records in near real time.

Think about what that actually means.

XRPL is becoming part of the:

recording layer, audit layer, verification layer, traceability layer, behind regulated financial securities.

I care much more about that than another headline saying a company is “exploring blockchain.”

This is operating infrastructure.

Real financial assets. Real institutional participants. Real regulatory requirements. Real transactions.

And a public blockchain sitting underneath part of the process.

CSD BR still controls the regulated side.

It decides who can participate. It can freeze assets. It can apply clawback functionality when required. It can restrict transfers. It keeps authority over issuance and administration.

XRPL provides the common digital layer underneath that structure.

That is exactly the kind of architecture banks and financial institutions need if public blockchains are ever going to become serious capital-market infrastructure.

They cannot simply throw away KYC, AML, transfer restrictions and regulatory controls.

They need blockchain technology that can work with those requirements.

XRPL’s MPT standard was built around that type of environment.

Approved holders. Supply controls. Metadata. Freeze. Clawback. Transfer restrictions. Issuer controls.

These are not features designed around another memecoin cycle.

They are features designed around actual financial assets.

And CSD BR is now putting them into a real securities environment.

Then look at where the roadmap goes next. The first phase is record mirroring.

But CSD BR and Ripple have already talked about expanding toward native asset issuance and trading among authorized participants.

That changes the whole conversation.

Today: BTG Pactual fund shares are mirrored. Next: assets can potentially be issued natively. Then: authorized institutions can trade them directly on XRPL.

CSD BR is also considering CRI, Real Estate Receivables Certificates, and CRA, Agribusiness Receivables Certificates.

Those are real Brazilian fixed-income instruments.

So the progression can move from: one investment fund to more funds to real-estate credit to agribusiness credit to a broader set of Brazilian securities.

Now the XRP connection starts getting much deeper.

Every XRPL transaction uses XRP as the network fee. Every new institutional account has reserve requirements. Every new MPT creates ledger objects with XRP reserve requirements.

More securities. More accounts. More issuers. More authorized participants. More transfers. More compliance actions. More trading. More settlement. More XRPL activity.

The fees themselves are deliberately tiny. That is important because this system is built around scale.

You do not need expensive gas. You need millions of low-cost transactions flowing through infrastructure that institutions can actually use.

But I still think fees are the smallest part of the $XRP opportunity here.

The real story starts when trading and liquidity arrive.

Picture CSD BR several stages from now.

BTG Pactual fund tokens. CRI tokens. CRA tokens. Other investment funds. Digital BRL. USD stablecoins. Institutional participants. Authorized market makers.

Now every one of those assets needs liquidity.

Fund A needs a BRL market. Fund A needs a USD market. Fund B needs another market. CRI needs liquidity. CRA needs liquidity. Stablecoins need liquidity.

International investors may eventually need currency conversion.

The number of potential trading relationships grows very quickly.

XRPL already has a native answer to that problem. Auto-bridging.

Instead of needing deep direct liquidity between every possible pair, XRP can potentially sit between two assets when routing through XRP provides the better path.

Asset A → XRP → Asset B

That is the part of this story I believe people are underestimating.

The tokenized fund itself does not need to become XRP.

BBRL does not need to become XRP. RLUSD does not need to become XRP. CRI and CRA do not need to become XRP.

Each asset keeps its own role.

XRP can specialize as the liquidity asset connecting different pools of value.

That is a much cleaner institutional model.

And Brazil is already assembling more of those pieces. Braza Bank has issued BBRL, a Brazilian-real-pegged stablecoin, on XRPL.

Banco Genial is expanding its Ripple relationship around Ripple Payments and RLUSD.

Nomad, with more than 3 million users, uses Ripple Payments and can settle using RLUSD.

ATTRUS incorporates RLUSD into settlement infrastructure.

RLUSD already has Brazilian distribution through names including Mercado Bitcoin, Foxbit, Ripio, Braza Bank and Banco Genial.

Then you have the securities side: CSD BR BTG Pactual fund shares future CRI and CRA Then custody: Ripple Custody Then the blockchain: XRPL Then native liquidity: XRP

Look at how much of a financial stack is starting to exist inside one country.

Payments. Stablecoins. Custody. Tokenization. Securities infrastructure. Asset managers. Banks. Liquidity.

And Brazil itself is moving deeper into DLT-based finance.

The timing matters.

On September 16, Brazil’s CVM revealed its proposed DLT Pilot Program.

The areas it wants to test include: issuance public offerings distribution trading book-entry recording custody central securities depository settlement

And eligible assets can include investment-fund units, shares, debentures and receivables certificates.

Then less than two weeks later, CSD BR and Ripple announce an XRPL project involving:

fund units recording depository infrastructure custody future issuance future trading and eventually CRI and CRA.

Brazil’s capital-market direction and the CSD BR roadmap are moving toward many of the same functions.

The Banco Central do Brasil has also spent years developing Drex, a DLT environment around tokenized financial assets, programmability and regulated intermediaries.

Drex has explored delivery-versus-payment involving government securities and digital money.

Again, I am looking at the direction of the system.

Brazil’s central bank. Brazil’s securities regulator. A regulated central securities depository. Banks. Fund managers. Stablecoins. Public blockchain infrastructure.

They are all increasingly touching tokenized finance. And XRPL now has an actual foothold inside that transformation.

Ripple did not enter Brazil yesterday either.

The ecosystem already includes: Braza Bank Banco Genial Nomad Azify ATTRUS CRX Justoken Mercado Bitcoin Foxbit Ripio BTG Pactual CSD BR Ripple Payments. RLUSD. BBRL. Ripple Custody. XRPL.

According to the press release, CRX has settled nearly $100 million onchain, while Justoken has more than $1.7 billion of assets tokenized on XRPL.

So CSD BR is joining an ecosystem that already has activity.

And BTG Pactual matters too.

The first security being mirrored is not some unknown test asset invented for a demo.

It is an investment-fund product from an established Brazilian financial institution.

BTG Pactual’s involvement gives this implementation an institutional foundation that can potentially be reused.

Once the technical setup works with one fund, you do not necessarily start from zero every time another fund or security joins.

That is how infrastructure scales. Build the rails once.

Add more assets. Add more issuers. Add more participants. Add more liquidity.

Then settlement becomes extremely interesting.

Brazil already has the building blocks to imagine a much more mature architecture later:

Brazilian security MPT ↔ BBRL or Brazilian security MPT ↔ RLUSD

and when direct liquidity is inefficient: Asset → XRP → Asset

Now add institutional market makers. Add permissioned trading.

XRPL has infrastructure designed around credentialed environments where approved participants can trade. Banks.

Broker-dealers. Asset managers. Market makers. All KYC’d. All operating inside a controlled domain.

Yet XRP auto-bridging can still participate inside that permissioned liquidity environment when the required markets exist.

Think about how different that is from the old version of the XRP thesis people still repeat.

The old conversation was:

“Will banks use XRP to send money?”

Look at the system being built now. Funds. Fixed income. Stablecoins. Tokenized deposits. Credit. Custody. Institutional trading. Cross-border settlement. Permissioned liquidity. Public blockchain verification.

Those are much larger financial functions.

XRP can potentially sit in the middle as neutral liquidity.

And the more tokenized assets exist, the more liquidity fragmentation becomes a real problem.

Hundreds of tokenized securities eventually mean hundreds of separate pools of value.

Thousands become even more complex.

You cannot efficiently maintain deep direct liquidity between every possible asset, currency and stablecoin pair.

A common bridge starts making more economic sense.

That was always part of XRP’s design.

The system simply needed enough digital assets around it before the reason became obvious.

Brazil could become one of the places where we start seeing that architecture mature.

And CSD BR has already said the model was designed to support expansion into:

new asset classes new participants and potentially international markets.

That sentence matters enormously to me.

Because if this works, Ripple gains something much more valuable than another presentation. It gains a blueprint.

Imagine Ripple approaching another securities depository, exchange, bank, registrar, fund administrator or market utility somewhere else.

The conversation changes.

They do not have to begin with:

“Here is what XRPL could theoretically do.” They can begin with: “Here is how CSD BR is already using it in Brazil.” That is how standards spread.

One live implementation becomes reference infrastructure.

Another institution copies parts of it.

Then another.

More assets arrive. More liquidity arrives. More interoperability becomes necessary.

The blockchain disappears into the background and simply becomes part of how the market works.

That is the future I have been positioning around with $XRP.

Slowly. Then all at once.

First people laughed at blockchain.

Then institutions tested it. Then they tokenized funds. Then stablecoins became serious. Then regulated assets arrived.

Now a licensed central securities depository is using a public blockchain inside live market infrastructure.

And the blockchain is XRPL.

I believe the next major chapter comes when the progression moves from:

recording to issuance to trading to settlement to liquidity to cross-border markets.

Because at that point, XRP gets a much bigger job than paying tiny transaction fees.

It can start doing what it was built to do.

Move liquidity between different forms of value.

Brazil is giving us one of the clearest real-world environments yet where that thesis can actually develop.

And I do not think people fully understand how early we still are.

BE BULLISH > 引用 @Xfinancebull: BREAKING🚨🚨🚨 Brazil is putting regulated capital markets on the $XRP Ledger

I told my subscribers weeks ago Brazil was cooking with XRPL.

Now CSD BR is bringing BTG Pactual fund shares onchain with Ripple.

Still think those early clues were nothing? 👀

Receipts 👇 https://t.co/Q17iEVgzUF https://x.com/Xfinancebull/status/2105251563597918235

## @stablecoin_x (StablecoinX) · 09-30 10:38 · ♥41 ↻4 💬2 Ethena now sits in Standard Chartered's coverage universe.

From the report:

- Ethena ranks as the fourth-largest stablecoin issuer, and the second-largest issuer of yield-bearing stablecoins - USDe reached a $10B market cap faster than any stablecoin before it - Standard Chartered forecasts USDe outstanding growing to roughly $40B by end-2028 - They forecast RWAs deployed on blockchains growing from around $40B today to $2T by end-2028 - The report highlights the fee switch, with 95% of net revenue across all Ethena business lines directed to programmatic ENA buybacks

Sell-side coverage of the ecosystem from a global bank is the convergence of TradFi and DeFi in practice. Worth the read. > 引用 @ethena: Standard Chartered has initiated research coverage of Ethena.

They forecast potential USDe growth of ~8x in the next 2 years as the convergence of DeFi and TradFi accelerates.

Unclear why they are so bearish, but worth a read regardless: https://t.co/JlzXqrqc07 https://x.com/stablecoin_x/status/2105245945818743059