# 稳定币发行与类型

#稳定币发行与类型 Big news! The Federal Reserve has finally retracted last year's "strong opposition" to crypto policy statement. The signals behind this adjustment are worth pondering.
Think about it, the 2023 statement almost kept banks out of the crypto door, especially in the area of stablecoin issuance—banks basically had no chance to participate. Now the Fed has changed its tone, citing a shift in risk perception, which actually reflects a deepening understanding of Web3 across the entire financial system.
What does this mean for the stablecoin ecosystem? Previously, stablecoins were mainly iss

#稳定币发行与类型 Looking at the moves by Intuit, SoFi, and JPMorgan, I have to say this: the stablecoin sector is undergoing a fundamental transformation.
In the past, when we discussed stablecoins, the focus was on crypto-native projects like USDT, with various concerns and risk prevention measures. Now? Traditional financial institutions are starting to issue their own tokens. Intuit handles billions of dollars in funds annually, SoFi directly uses a banking license to back a 1:1 US dollar support from the Federal Reserve, and JPMorgan has migrated JPM Coin from a private chain to Base — this is n

#稳定币发行与类型 Seeing Ripple and AMINA Bank's collaboration, my mind immediately flashed back to several key moments in the stablecoin track over the past decade.
I remember back in 2015, people's understanding of stablecoins was still in the theoretical stage, and although USDT existed, it was quite controversial. By the 2017 bull market, stablecoins truly proved their value—every time the market experienced sharp fluctuations, the demand for stablecoins on exchanges surged. The problem at that time was straightforward: cross-border settlement was too slow, too costly, and involved too many inter

#稳定币发行与类型 The Federal Reserve has finally shifted its stance! 🔥 Reversing the crypto restrictions of 2023, banks can now apply to issue stablecoins and hold crypto assets—what does this mean? It means the door is open!
Even more exciting is that Waller might become the next Federal Reserve Chair. Although his 15% probability isn't the highest, he's known for being crypto-friendly and has directly said that stablecoins are "a new form of private currency." DeFi has long ceased to be a suspicious technology.
This policy shift, combined with the Trump administration's friendly attitude, has com

#稳定币发行与类型 An obvious trend has been observed: traditional financial institutions are accelerating their deployment of on-chain stablecoin infrastructure. This time, it’s no longer about testing the waters but a systematic strategic allocation.
From the flow of funds, Intuit integrates USDC to handle billions of dollars in refunds and corporate payments, SoFi launches SoFiUSD backed 1:1 by Federal Reserve cash, and JPMorgan deploys JPM Coin on Base — these are not isolated events but coordinated actions among several major financial institutions during the same period. The key lies in their r

#稳定币发行与类型 Recently, I saw that traditional financial giants like JPMorgan Chase and EquiLend are working on stablecoins and tokenized assets, and I was a bit confused? Me too, but I gradually understood some things 😅
In simple terms, what they are doing is moving real-world money (bank deposits, assets) onto the blockchain, using stablecoins—"tokens pegged to fiat currency"—as a bridge. JPMorgan Chase's JPM Coin is an example—it's backed by real US dollar deposits but can be quickly transferred on the Base chain for collateral and settlement. EquiLend aims to connect the traditional financia

#稳定币发行与类型 After analyzing Aave's three main strategic pillars, the logic is quite clear—V4 restructuring the underlying infrastructure, Horizon attracting institutional incremental volume, and the App promoting retail adoption. Essentially, they are laying out a complete pathway from DeFi professional users to the mass market.
From a copy-trading perspective, this reveals a key signal: the status of the stablecoin ecosystem within DeFi is undergoing a qualitative change. Horizon allows institutions to use RWA such as government bonds as collateral to borrow stablecoins. This is not just a sim

#稳定币发行与类型 Recently, I came across several news stories about traditional financial giants entering the stablecoin race, which left a deep impression.
Intuit integrating USDC, SoFi issuing SoFiUSD, JPMorgan launching JPM Coin... these are not minor moves. A closer look reveals a common point: they are all using stablecoins to reshape the underlying logic of payments. Whether it's for tax refunds, salaries, or corporate payments, the core demand is—faster, cheaper, more transparent.
What insights can be drawn from this? I think there are two points worth considering:
**First, the form of stable

#稳定币发行与类型 Tether's latest move is quite interesting, as they launched PearPass, a P2P password management tool. It seems they want to expand from stablecoin operations into a security ecosystem, and the logic is quite clear.
The core selling point is that data is not stored in the cloud; all credentials are kept on local devices. This indeed avoids the common vulnerability of traditional cloud-based password managers being easily hacked. End-to-end encryption plus P2P synchronization ensures security from a technical perspective.
However, to be honest, this might be somewhat "vague" for stabl

#稳定币发行与类型 The current popularity of the stablecoin sector is truly no exaggeration. Over the past few days, I've seen several major news stories—traditional financial institutions are becoming increasingly active. Intuit has integrated USDC into TurboTax and QuickBooks, SoFi has launched bank-grade SoFiUSD, JPMorgan Chase has deployed JPM Coin on Base, Coinbase has introduced customized stablecoins...
What does this mean for the yield farmers? Opportunity is here.
First, it's important to understand the different types of stablecoins now: one is crypto-native like USDC, backed by companies li