π¨π³ 1. Chinese Giants Push for Offshore Yuan Stablecoins
Tech titans JD.com and Ant Group are leading a campaign urging Chinaβs central bank to authorize yuan-pegged stablecoins via Hong Kong. This strategy aims to reduce U.S. dollar dependence and promote yuan adoption internationallyβpotentially marking a major shift in global stablecoin dynamics. Β
π± 2. Crypto Matures: Wealth-Building, Not Quick Wins
Coinstash co-founder Tingβ―Wang notes crypto is evolving from βget-rich-quickβ schemes into long-term investment platforms, attracting traditional investors seeking sustainable annual returns like 30% from Bitcoin. The trend reflects maturation and institutional trust-building. Β
π¦ 3. Ripple Files for U.S. National Bank Charter
Ripple has applied for a U.S. federal banking license through the OCC for its RLUSD stablecoin, seeking a Fed master account. The move would enhance compliance, boost transparency, and align with the incoming GENIUS Actβputting Ripple at the forefront of regulated stablecoin issuance. Β
π 4. Wall Street Debuts SolanaβStaking ETF: REXβOsprey SSK
The U.S. launched the REX-Osprey Solana + Staking ETF (SSK)βthe first of its kind to offer both SOL exposure and staking yield (~7.3% annually) via traditional brokerages. This reflects expanding ETF innovations beyond just Bitcoin and Ethereum.
