Tether Gold Accounts for Over Half of Gold Stablecoin Market Share, Gold Reserves Exceeded 520,000 Ounces in Q4 Last Year.

The Trump family's crypto holdings increased by $14 billion in one year, accounting for one-fifth of their total net worth.

The market appears crowded, but on key dimensions, issuers are not easily replaced.

Is it still worth entering after yield dilution given the incredibly rapid growth in USD1 supply?

This article, drawing on the U.S. crypto market structural legislation, the Clarity Act, and related discussions at the Davos Forum, systematically analyzes the true sources of stablecoin yield from financial principles. It dissects the four mainstream models using "first principles": on-chain lending, RWA, centralized wealth management, and algorithmic subsidy models. Sustainable yield must be able to answer the two fundamental questions: "Who is paying?" and "Where does the capital flow?" Stablecoin yield is essentially the on-chain reconstruction of the ancient financial concept of interest, evolving from a fringe experiment into a component of financial infrastructure being taken seriously by global policymakers.

Stablecoins and tokenization were the biggest topics.

Stablecoin Issuers' Cumulative On-Chain Revenue on Ethereum Reaches Around $50 Billion in 2025; Bitcoin Exchange Internal Flow Hits Lowest Level Since 2022.

The SEC and CFTC will hold a joint event on cryptocurrency regulatory coordination on January 27.

Trump is about to launch another token, airdropping to U.S. stock shareholders, but it's still crypto players who will likely bear the brunt.

From a 5-year, 3-year, 1-year, and 3-month perspective, Bitcoin's drawdown in 2025 was not significant relative to historical drawdown magnitudes.

Top-tier in-depth analysis and a catch-up on the week's hottest topics.

Is Trump's Second Term the Dawn of a Crypto Utopia or a Cash Cow for Strongman Politics?

Binance USD1 Savings Event Ending Soon, Where to Park Idle Funds?

The crypto industry in 2026 will stand at a clear watershed, marked by the institutional entry of institutional capital and the end of the traditional four-year halving cycle. The underlying logic of industry development is undergoing a fundamental shift. Institutionalization, regulatory clarity, the fusion of AI and Crypto technologies, the transfer of value to the application layer, and stablecoins and RWA becoming core bridges constitute five irreversible consensuses, collectively driving the industry from "speculation and narrative-driven" to a structurally mature stage defined by "cash flow, utility, and compliance."

The funds from this round will be used to support River's deployment of chain-abstracted stablecoin infrastructure, focusing on cross-ecosystem asset minting, stablecoin yield product development, and accelerating deep integration with DeFi protocols on the TRON network.

New York Stock Exchange Plans to Launch Tokenized Securities Trading and On-Chain Settlement Platform; Tokenized Assets May Grow to $400 Billion by 2026, with Banks and Asset Managers Accelerating Entry.