stablecoin

Choosing the Right #stablecoin Model
Stablecoins attract users because they are designed to hold a steady value. Before anything else, a project must decide how that stability will be maintained. In most cases, the goal is simple: keep the token pegged to $1. Achieving that peg typically follows one of three established approaches.
The most widely accepted option is the fiat-backed model. This structure is favoured by regulators and institutions. Tokens such as #USDC and #USDT follow this approach by holding one dollar, or an equivalent low-risk asset like U.S. Treasury bills, for every token in circulation. Its appeal lies in transparency and simplicity, making it easy for users to trust.
The second approach is crypto-backed stablecoins. These rely on smart contracts that lock up cryptocurrencies as collateral. To account for market volatility, they are overcollateralised. For example, $150 worth of Ethereum may be locked to issue $100 worth of stablecoins. This buffer helps absorb price fluctuations in the underlying asset.
The third option is the algorithmic or hybrid model, which attempts to maintain the peg through automated supply adjustments and economic incentives rather than direct backing. While innovative, this design has largely fallen out of favour after the collapse of Terra in 2022. As a result, many jurisdictions, including the European Union, now restrict or ban purely algorithmic stablecoins.
The Regulatory Reality
Regulation is no longer optional-it is the single biggest hurdle to launching a stablecoin. Each jurisdiction enforces its own framework, and non-compliance can shut a project down before it begins.
In the United States, legislation such as the GENIUS Act and the Clarity Act sets strict conditions. Issuers are generally required to be licensed banks or state-approved entities, with mandatory monthly disclosures proving reserve backing. In the European Union, MiCAR governs stablecoins and requires issuers to obtain an Electronic Money Institution license, alongside full reserve backing.
Other regions, including Hong Kong and the UAE, apply similar standards. Many require a local legal presence and reserves held in domestic currency. These requirements make entry costly. Even in relatively friendly jurisdictions like Singapore, legal fees alone can reach $50,000. In the U.S., total compliance costs can easily exceed $500,000.
Building the Technical Foundation
On the technical side, most stablecoins are built on well-established blockchains such as Ethereum or Solana due to their security, developer ecosystems, and tooling.
Regulated stablecoins must also include advanced controls in their smart contracts. These often allow authorised parties to mint, burn, or freeze tokens in response to hacks, theft, or legal orders. Without these safeguards, regulators are unlikely to grant approval.
Reliable price data is another requirement. Projects typically integrate decentralised oracle networks to track real-time market prices. Security audits are mandatory, with firms charging anywhere between $5,000 and $30,000 per audit, depending on complexity.
Bridging #crypto and Traditional Finance
For fiat-backed stablecoins, connecting to the traditional banking system is often the most challenging step. Issuers must partner with a qualified custodian to securely hold user funds.
To simplify this process, many teams rely on “stablecoin-as-a-service” providers. These platforms offer APIs that manage custody and banking integrations, reducing setup time but adding recurring fees.
In addition, issuers must work with accounting firms to publish monthly proof-of-reserves reports. Between technology, audits, and compliance, core infrastructure costs typically range from $20,000 to $60,000, while legal expenses can span $50,000 to well over $250,000.
Liquidity is another major consideration. Launching a usable stablecoin often requires between $100,000 and $1 million in initial liquidity, plus marketing budgets of $50,000 to $150,000.
All told, launching a compliant stablecoin usually costs between $220,000 and $1.5 million and takes at least seven months from planning to deployment.
Disclaimer: #BFMTimes provides information for educational purposes only and does not offer financial advice. Readers should consult qualified professionals before making any financial decisions.

The #CLARITYAct ’s Core Objective
The CLARITY Act is designed to end regulation by ambush. For nearly a decade, the crypto sector has operated under constant legal uncertainty as the SEC pursued enforcement without clear boundaries. This bill attempts to reset that dynamic by drawing firm jurisdictional lines between the SEC and the CFTC. It defines what falls under securities law and assigns the rest to commodities oversight, creating the long-requested regulatory playbook institutional capital has been waiting for. A revised draft surfaced in the Senate on January 12, with committee markups now underway. The proposal even includes an “innovation exemption” backed by new SEC Chair Paul Atkins. Still, consensus is far from guaranteed.
The #stablecoin Rewards Flashpoint
Coinbase has been one of the CLARITY Act’s most vocal champions-up to a point. That support may evaporate if the bill restricts stablecoin rewards. These rewards allow users to earn yield on assets such as USDC, and they form a meaningful part of Coinbase’s revenue model. Traditional banks are aggressively lobbying to block non-banks from offering such products, arguing crypto platforms resemble banks without meeting the same regulatory standards. For Coinbase, this is non-negotiable. Subscription and service revenue, including rewards, generated close to $700 million last year. Removing that income stream would materially weaken the business, especially during periods of low trading activity.
What Counts as a “Mature” #blockchain
For developers, Section 205 may be the most consequential provision in the bill. It introduces a formal pathway for a network to be recognized as decentralized. If a project notifies the SEC and faces no objection within a defined window, its token can be reclassified as a digital commodity and fall under CFTC oversight. To qualify, three criteria must be met: no single entity may control more than 20% of the supply, the token’s value must stem from network usage rather than a central promoter, and no party may retain unilateral control over protocol changes. Coinbase argues these rules finally provide the certainty needed to build in the US without fear.
Why Timing Matters So Much
The urgency around passing the CLARITY Act is political. Pro-crypto lawmakers currently hold a narrow advantage, but the 2026 midterm elections could upend that balance. A shift in control could stall the bill indefinitely, delay it until 2027, or result in a harsher rewrite. For investors and companies alike, this window may be the only realistic chance to lock in a workable regulatory framework before the political landscape changes.
A Defining Moment for US Crypto Policy
The next three months will signal whether the United States intends to lead in digital finance or continue drifting in regulatory uncertainty. For Coinbase, the CLARITY Act represents the final transition from industry outsider to regulated incumbent. CEO Brian Armstrong has been explicit: clarity is meaningless if it strips away the incentives that make crypto functional. Coinbase is prepared to withdraw political backing to defend its core model. The outcome of this standoff will shape not just one company’s future, but the trajectory of the entire US crypto market.
Disclaimer: #BFMTimes provides information strictly for educational purposes and does not offer financial advice. Readers should consult a qualified financial advisor before making investment decisions.

Hai keluarga crypto! 👋
Bahkan di pasar yang berombak ini, Plasma (XPL) bertahan di sekitar $0.126–$0.133 – turun 92%+ dari ATH $1.68, tetapi banyak yang melihat ini sebagai zona yang klasik undervalued! 📉➡️📈
Ringkasan cepat tentang Plasma:
•  Blockchain Layer-1 yang berbasis stablecoin → Transfer USDT tanpa biaya, TPS besar, keamanan tingkat Bitcoin + kompatibilitas EVM penuh! ⚡

•  Beta mainnet diluncurkan Sept 2025 dengan TVL stablecoin $2B+ pada hari pertama, 100+ integrasi DeFi (Aave, Ethena, dll.).
•  Penggerak penurunan saat ini: Pembukaan token terbaru (~$5M–$11M pada Jan 2026) + tekanan pasar yang lebih luas, tetapi kemungkinan sementara.

Anthony Scaramucci telah memperingatkan bahwa aturan baru di AS bisa memberikan keuntungan kepada Beijing. Laporan mengatakan ia percaya larangan membayar hasil kepada pemegang stablecoin dollar akan membuat jalur digital yang terhubung dengan dollar kurang menarik dibandingkan yuan digital, yang bergerak menuju pembayaran bunga pada dompet.
Larangan Hasil Stablecoin dan Daya Saing Dollar
Anggota legislatif di Kongres mempertimbangkan undang-undang yang akan mengubah cara aset digital diperlakukan di Amerika Serikat.
“Seluruh sistem ini rusak,” kata Scaramucci di X, menanggapi pembatasan Undang-Undang Kejelasan yang menghalangi bursa crypto dan penyedia layanan di AS untuk membayar hasil kepada pemegang stablecoin.

আজকের ক্রিপ্টো দুনিয়ায় সবচেয়ে বেশি ব্যবহৃত জিনিস কোনটি?
উত্তর একটাই — Stablecoin।
Trading, payments, remittance, DeFi — সবখানেই USDT বা অন্যান্য stablecoin এখন মেরুদণ্ড। কিন্তু সমস্যা এক জায়গায়:
বর্তমান ব্লকচেইনগুলো stablecoin-এর জন্য purpose-built নয়।
Ethereum → ফি বেশি
Tron → congestion ও reliability issue
Solana → downtime history
Layer-2 → bridging complexity
এই সমস্যার সমাধান হিসেবেই এসেছে Plasma।
@undefined তৈরি হচ্ছে বিশ্বের প্রথম stablecoin-native Layer 1 blockchain হিসেবে।
মানে এই চেইনের ডিজাইন শুরু থেকেই করা হয়েছে শুধুমাত্র stablecoin transfer, settlement এবং liquidity flow কে fast, cheap এবং seamless করার জন্য।
🔹 Zero-fee USDT transfer
🔹 Gas দিতে পারবে USDT বা BTC দিয়ে
🔹 Sub-second finality
🔹 Ethereum-এর মতো full EVM compatible
🔹 Future Bitcoin-anchored security
ভাবো তো — যদি তুমি কাউকে USDT পাঠাও
কোন gas fee নেই
১ সেকেন্ডের কম সময়ে confirm
কোন failed transaction নেই
এটাই Plasma-এর লক্ষ্য।
আর এখানেই $XPL token এর গুরুত্ব।
হচ্ছে XPL Plasma নেটওয়ার্কের heart —
Gas, staking, governance, liquidity incentive — সব কিছুর কেন্দ্র।
Plasma ইতিমধ্যে launch-এর আগেই $2B+ USDT liquidity secured করেছে।
৪০০০+ wallet pre-deposit করেছে।
Aave-এর মতো DeFi giant Plasma-কে তাদের top chains এর মধ্যে রেখেছে।
এটা শুধু theory না — real adoption শুরু হয়ে গেছে।
আমরা এমন এক সময়ে আছি,
যেখানে stablecoin payments future global finance-এর backbone হতে যাচ্ছে।
আর Plasma নিজেকে position করছে —
Visa + SWIFT + Ethereum combined layer for stablecoins হিসেবে।
যদি Plasma roadmap execute করতে পারে,
$XPL শুধু token নয় —
future stablecoin economy-এর infrastructure asset হয়ে উঠতে পারে।
আমি personally @undefined ecosystem closely watch করছি।
Early stage = risk আছে
কিন্তু potential = massive।
Always do your own research.
But ignore Plasma? That could be a mistake.
@Plasma #stablecoin #Layer1 #Plasma

Selama tahun lalu, data on-chain telah membuat satu tren jelas: @trondao telah menjadi salah satu lapisan penyelesaian terpenting untuk stablecoin secara global, dengan USDT di pusat pertumbuhan itu.

Menurut data dari @TRONSCAN_ORG, 22,7 miliar USDT baru telah diterbitkan di TRON selama 12 bulan terakhir. Ini membawa total pasokan USDT di TRON menjadi sekitar 82,4 miliar USDT, sebuah level yang menempatkan jaringan di antara rel stablecoin terbesar di dunia.

Ekspansi ini tidak terbatas pada pasokan saja. Adopsi pengguna telah tumbuh seiring.

Dalam dunia keuangan terdesentralisasi (DeFi) yang terus berkembang dengan cepat, kita sering membicarakan tentang "adopsi massal." Kami bermimpi tentang masa depan di mana membeli kopi dengan crypto semudah mengetuk kartu, atau di mana mengirim uang antar negara terjadi secara instan tanpa perantara yang mengambil potongan. Tetapi selama bertahun-tahun, satu rintangan besar telah menghalangi jalan: Biaya Gas.
Pengguna baru tidak mengerti mengapa mereka perlu memegang ETH, BNB, atau SOL hanya untuk mengirim USDT. Ini adalah titik gesekan yang merusak pengalaman pengguna dan mencegah crypto menjadi "uang internet" yang sebenarnya.