Let’s talk about the similarities and differences between “stablecoins” and traditional financial payment tools, and whether the two are “competitive” relationships.

It is easy to understand "why stablecoins are needed", but few people have thought about "how to apply stablecoins".

Geopolitical fluctuations have significantly disturbed the market, and options can be used to control risks reasonably.

Several new projects such as Unitas were opened for mining.

Ondo Finance launches Global Market Alliance; JPMorgan Chase pilots JPMD deposit tokens on Base chain.

This article is based on the speech given by Cobo Lily Z. King on June 10, 2025 at the RWA event of Jun He Law Firm in Hong Kong for a number of securities firms, funds, stablecoin institutions and family offices on the theme of "Real World Asset Practices in an Uncertain World".

While Coinbase has become a diversified and compliant crypto ecosystem, each business segment faces headwinds.

The GasFree service is launched by JustLend DAO. After users activate it through the TronLink wallet, they can directly use USDT to pay on-chain fees.

The total market value of global cryptocurrencies is US$3.23 trillion, down 5.6% from US$3.41 trillion last week.

Circle's stock price soared 7 times, establishing its leading position in stablecoins, and traditional financial technology giants accelerated their layout.

OKX may consider an IPO in the United States and has returned to the U.S. market in April; Thailand has approved three applicants to set up virtual banks.

Thailand SEC will block several trading platforms.

This week, the cryptocurrency market showed a structural decline under the interweaving of multiple negative factors, and the market sentiment index fell slightly from 30% to 28%, entering the bearish range. Although the stablecoin market maintained its growth trend, the incremental funds of USDT fell below the threshold of 1 billion US dollars for the first time, reflecting a significant weakening of the intensity of capital inflows, while the slight rebound of USDC suggested that US funds began to enter the market tentatively.

In 2025, the digital asset market ushered in a new milestone - Circle successfully landed on the New York Stock Exchange, officially becoming one of the first listed financial technology companies with stablecoin business as its core. This listing not only marks the entry of USDC and the US dollar stablecoin ecosystem into the public capital market, but also opens up a new blue ocean in the digital asset field.

From Ukraine to Iran, the investment logic and role evolution of Bitcoin under geopolitics.

In this article, the Crypto Salad team selected three of the most representative countries or regions with international influence - the European Union, the United Arab Emirates, and Singapore, and used the same analysis framework and thinking logic, combined with the Crypto Salad team's blockchain project experience, to sort out the regulatory frameworks of the stablecoins of the above three countries.