Stableview

All things stablecoins & RWAs: simplified through infographics.

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Polygon Payments Ecosystem @0xPolygon

[Stableview @stableview]

@0xspicexr Good read!

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@Eli5defi @HyperliquidX @Ethena_Eco Oh nice, zero yield margin is the silent cost of perps

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Stablecoin markets this week:

> Visa saw crypto card spending jump 525% in 2025, rising from $14.6M to $91.3M in net spend.

> Barclays invested in @ubyx_, supporting a new settlement layer for tokenized deposits and regulated stablecoins to move at par between institutions.

> @OndoFinance Global Markets crossed $400M in TVL with cumulative on-chain trading volume exceeding $6.3B.

> @coinbase hit a key milestone as active USDC borrowing through crypto-backed loans surpassed $1B.

> @tether is reported to have invested $40–50M in Ledn at a $500M valuation, expanding further into bitcoin-backed lending.

[Stableview @stableview]

Stablecoins preserve value. Yield is harder

@Neutrl is a synthetic dollar that explores how stable assets can earn yield without taking directional market risk.

It does this by tapping into market-neutral arbitrage that’s typically institutional-only:

> OTC arbitrage: buying tokens at a discount and hedging exposure
> Basis arbitrage: long spot, short perps to capture funding spreads
> Liquidity-first design: liquid trades prioritized for redemptions
> Risk controls: custody via OES, smart-contract vesting, on-chain reporting

Today, Neutrl sits at $202M TVL with ~15% APY.

Worth watching as arbitrage-backed stablecoin models evolve.

[Stableview @stableview]

What happned in stabelcoins this week:

> @Securitize will launch compliant onchain trading of natively tokenized public stocks in Q1 2026, enabling real share ownership and DeFi-style trading.

> @blox_malaysia launches $MYRC on Base, enabling fast, low-cost payments, remittances, and DeFi use cases.

> @OndoFinance will bring tokenized stocks and ETFs to Solana in early 2026.

> JPMorgan launches its first tokenized money market fund on Ethereum.

> Tether leads an $8M strategic investment in @speedwallet to scale Lightning-native, stablecoin-powered payments.

> Visa launches a Stablecoins Advisory Practice to help banks and fintechs adopt stablecoin strategies.

[Stableview @stableview]

@m0 @StartaleGroup 🙌

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Another busy week for stablecoins. Here’s what stood out:

> @m0 is building an open framework so digital dollars from different issuers can move and interoperate everywhere.

> @StartaleGroup launched Startale USD (USDSC) on M0’s universal stablecoin platform.

> Sony plans to launch a USD stablecoin in early 2026 for payments across its gaming, streaming, and anime products.

> @Plasma is partnering with Bridge to upgrade the payment rails behind Plasma One.

> @fin raised $17M to enable instant, large cross-border transfers without relying on traditional banking rails.

> @AxisFDN raised $5M led by Galaxy Ventures to build an onchain yield protocol for USD, bitcoin, and gold.

> Ripple received expanded approval from Singapore’s MAS, letting it offer broader token-based settlement services to banks and fintechs.

[Stableview @stableview]

@Eli5defi Nice list man! should check out @blox_malaysia too

[Stableview @stableview]

Summary of the past week in stablecoins:

➤ @Revolut hits a $75B valuation, now Europe’s most valuable private company

➤ Tether increases gold reserves to ~116 tonnes after adding 26 tonnes in Q3

➤ @Klarna launches KlarnaUSD, the first bank-issued stablecoin on Stripe’s Tempo + Paradigm chain

➤ @Securitize secures EU approval to run tokenized trading + settlement on @avax

➤ AUSD transfers go live on Avalanche with 1:1, zero-slippage movement across Ethereum, Monad, and Avalanche

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The stablecoin market just posted its first decline in 2 years.

➤ Market cap down -$4.54B to $303B
➤ Trading volume hit $1.48T, but slowed vs last month
➤ USDT still dominates 60.9% market share
➤ USDC (-2.7%), USDe (-22.5%), while RLUSD climbed to $1B
➤ Euro-stablecoins climbed to $638M, a 3 year high despite market pullback

Markets may have dipped, but adoption and real-world usage continue to climb.

[Stableview @stableview]

@Eli5defi Nice way of mapping them 🫡

[Stableview @stableview]

Another big week for stablecoins & RWAs. Here’s what stood out:

➤ @obexincubator has raised $37M to build ‘Y Combinator’ for RWA-backed, yield-generating stablecoins, focusing on assets like compute, energy, and fintech credit, backed by @hiFramework, LayerZero, and Sky ecosystem

➤ @0xfairblock is bringing confidential stablecoin payments to @noble_xyz's AppLayer, enabling encrypted transfers and balances.

➤ @minipay now lets users in Argentina and Brazil spend USDT directly through PIX and Mercado Pago, turning stablecoin balances into real local payments with instant behind the scenes conversion.

➤ @Frax partners with @brale_xyz to let chains and apps issue stablecoins backed by frxUSD pairing Brale’s regulated issuance platform. @samkazemian

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@Eli5defi Battery cap is one of the real blockers for robotics right now, will be interesting to see how fast that improves

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About time, Mastercard introduces username-based transfers for self-custody wallets, using Polygon as the default chain.

No more copying long addresses or worrying about sending to the wrong place.

It makes onchain payments feel like sending money in any regular app.

[Polygon | POL @0xPolygon]

Big news:

@Mastercard chooses Polygon to launch username-based transfers for self-custody wallets, with @mercuryo_io.

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@0x_Ambrose @cysic_xyz Nice rundown. If mainnet drops this year, things could move a lot faster

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@derparsel @solana Cutting inflation sounds nice, but yeah the real issue is how it hits validators and staking. Curious how they balance that

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@Hercules_Defi Big week for upgrades and launches

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The stablecoin world moved fast this week. Here’s what you might’ve missed:

➤ Coinbase walks away from BVNK deal, ending acquisition talks for the U.K. fintech valued up to $2.5B

➤ @BNYglobal enters the stablecoin race with a new issuer reserve fund

➤ @Plasma teams up with @zerohashx to power enterprise payment rails on its network

➤ Standard Chartered + DCS launch DeCard, supporting stablecoin payments starting in Singapore

➤ @moonpay joins the @m0 network, enabling creation of app-specific, interoperable stablecoins

➤ Cash App adds Lightning-powered Bitcoin payments, letting users pay in BTC using USD

➤ @SuiNetwork unveils USDsui, a fiat-backed stablecoin issued by Stripe

[Stableview @stableview]

@io_bomi @Covalent_HQ Nice one man, curious to see how many new builders this ends up pulling into the ecosystem.

[Stableview @stableview]

@0xAishwary Massive growth 👏🏼