# stablecoins — X 热门讨论 (2026-09-23 02:58 UTC)
## @Xfinancebull (X Finance Bull) · 09-23 02:01 · ♥100 ↻19 💬3 OH BOY! 🚨 $XRP HOLDERS, THE SEC JUST TURNED “TOKENIZED WALL STREET” INTO SOMETHING FIRMS CAN ACTUALLY START BUILDING, AND HESTER PEIRCE SAYS THE ONCHAIN FUTURE IS COMING.
The part I keep replaying is Taylor Lindman saying the first notices could appear next quarter.
Because once those notices start landing, we move from talking about tokenized stocks in theory to seeing actual firms reveal their plans.
And XRP has a very interesting seat near this whole buildout.
The SEC’s new five-year Innovation Exemption allows qualifying Tokenized Securities Venues to use permissioned AMMs and liquidity pools on public, permissionless ledgers. Hester Peirce described the exemption as preparation for a future where tokenized stocks trading onchain becomes commonplace.
Here’s the detail I think XRP holders need to understand:
A tokenized U.S. stock can trade against a non-security crypto asset.
The SEC order says the venue chooses which qualifying non-security crypto assets it supports.
And SEC-filed materials now describe XRP as one of the digital commodities expressly identified under the March 2026 interpretation.
So a structure like a tokenized stock paired with XRP now fits inside a regulatory category the SEC has expressly contemplated, assuming a venue chooses it and satisfies the framework.
Then follow the institutional connections already surrounding XRPL.
Larry Fink has spent years talking about stocks, bonds and funds becoming tokenized.
BlackRock built BUIDL with Securitize.
Securitize has become deeply embedded in tokenized capital markets, with more than $4B in tokenized assets reported in 2026.
Then NYSE selected Securitize as a design partner and the first digital transfer agent eligible to mint blockchain-native securities on its planned tokenized platform.
Ripple sits in that same orbit.
BUIDL and VanEck VBILL already have a 24/7 exchange pathway into RLUSD through Securitize and Ripple.
Ondo OUSG is live on XRPL.
Guggenheim Digital Commercial Paper is live on XRPL.
RLUSD supplies a dollar settlement asset.
XRPL already has a native DEX, native AMMs, Credentials, Permissioned Domains and institutional tokenization infrastructure.
Now the SEC is authorizing experiments built around permissioned AMM liquidity on public blockchains.
Read that again.
-Stocks. -Money-market funds. -Stablecoins. -Crypto assets. -Public blockchain settlement.
All beginning to share the same market structure.
I’ve followed XRP through years of arguments over classification.
Now I’m watching the conversation move toward something far more interesting:
What assets can actually trade, settle and find liquidity onchain?
Q4 could give us the first real answers. > 引用 @Xfinancebull: Do you remember what Trump said here? The $XRP connection looks a lot bigger now than it did when this clip first came out.
Trump was talking about crypto like a global technology race.
His point was simple: if America doesn’t build the industry at home, another country will.
Fast-forward to today and look at what has actually been built around that idea.
The January 2025 executive order made U.S. leadership in digital assets official policy and specifically protected access to open public blockchain networks.
Then came the stablecoin push.
Trump signed the GENIUS Act in July 2025, creating a federal framework for payment stablecoins.
Now look at Ripple’s setup:
XRPL = public blockchain RLUSD = regulated digital dollar $XRP = native digital commodity and potential liquidity asset
And XRP itself received a huge regulatory shift in March 2026. The SEC issued its Commission-level crypto interpretation, and subsequent SEC-filed XRP disclosures state that XRP was explicitly identified as a digital commodity that is not itself a security under that interpretation.
Then September took things another level.
The SEC opened a five-year pathway allowing qualifying venues to trade real tokenized U.S. stocks through permissioned AMMs on public, permissionless ledgers.
Think about where XRP can fit as those markets grow.
-Tokenized stocks. -Treasuries. -Funds. -Stablecoins. -Private credit. -Different currencies.
All of those assets eventually need liquidity.
XRPL was built around exchanging different forms of value, and XRP can sit between markets when using it provides an efficient route.
Ripple has also built the institutional machinery around that idea.
Ripple Prime clears more than $3T annually across 300+ institutional customers, and Ripple said Hidden Road’s post-trade activity would migrate onto XRPL while RLUSD would be used for cross-margining.
Then the OCC gave Ripple National Trust Bank preliminary conditional approval in December 2025.
This is what makes that old Trump clip more interesting to me today.
America competing in crypto eventually requires real infrastructure:
digital dollars, public blockchains, custody, tokenized markets, institutional liquidity, credit, settlement.
Ripple is building across that entire stack.
And $XRP could end up doing the most valuable job of all:
moving liquidity through it. https://x.com/Xfinancebull/status/2102578950157558025
## @RuggRat_X (RuggRat) · 09-22 17:35 · ♥40 ↻13 💬1 $ZAMA IS CLIMBING THE PRIVACY RANKS. BUT THE REAL STORY IS THE $973 MILLION MOVING THROUGH ITS PRIVACY INFRASTRUCTURE …
understand the technology. understand the vision. follow the roadmap. watch the adoption.
I get it…
you’re watching $ZAMA take a breather after reaching new all-time highs.
but stop watching the candle for a moment and look at what’s happening beneath the surface.
Zama is climbing the privacy sector rankings, now sitting right alongside Starknet $STRK with a market cap of approximately $218 million.
that’s impressive.
but what I find even more compelling is what the market cap alone doesn’t tell you.
Look at Zama’s actual network activity:
• $81.31M in Total Value Shielded (TVS)
• $973.14M in cumulative shielded, unshielded and RFQ swap volume
• 11,514 confidential token holders
Nearly $1 BILLION in cumulative activity involving Zama’s confidentiality infrastructure.
and we’re still in the early stages of confidential finance.
think about what that means.
$ZAMA isn’t just another privacy token climbing the rankings because the market is getting excited about #privacy.
they’re building privacy #infrastructure that allows financial applications to operate with encrypted data.
confidential stablecoins, private DeFi, tokenized real-world assets, institutional finance, and applications that can compute on encrypted information #without exposing the underlying data.
that’s the bigger picture.
TVL tells us how much capital is locked in DeFi. TVS tells us how much value is being protected by #confidentiality.
and as more financial activity moves onchain, I believe TVS is going to become an increasingly important metric to watch.
so… while everyone is focused on where $ZAMA sits in the rankings today, I’m paying attention to how much value its technology is actually protecting.
don’t just chase the green candle.
because the real opportunity isn’t simply about Zama climbing the privacy rankings.
it’s about how much of the future onchain economy could eventually depend on confidentiality.
$ZEC is showing the market why private money matters. $ZAMA is showing us what comes after private money.
Compute. Never Decrypt.
$ZAMA #Zama #FHE #Privacy #DeFi #RWA https://x.com/RuggRat_X/status/2102451801970868660
## @gravitycardano (Gravity) · 09-22 17:52 · ♥41 ↻6 💬3 Cardano has around $65.3M deposited across DeFi and processed $9.7M in DEX trades over the past week.
We see room for a much bigger market, and we are preparing our launch around what it takes to grow it.
For someone trading, liquidity means being able to buy or sell a position without their own trade wrecking the price.
For someone supplying that liquidity, actual trading is what generates the fees they earn.
Our mainnet preparation has to bring those people together.
We are working to attract liquidity into the pairs people want to trade (while making the trade itself simpler and removing the batcher fee from direct swaps).
Stablecoins first then community coins like $SNEK will follow.
More trading generates more fees for liquidity providers, giving them a reason to keep supplying those pools.
That is the cycle we want to get moving.
Our ambition goes beyond attracting a share of the money already on Cardano.
We want people to bring more capital here because there are markets worth trading in and pools worth providing liquidity to.
That is one of the ways we intend to help grow Cardano’s TVL. https://x.com/gravitycardano/status/2102456063920369729