News

According to a report by Jinse Finance, Bank of America’s latest research paper provides an in-depth analysis of the transformative potential of stablecoins within the financial system, noting that while these digital assets face regulatory controversies, they have already demonstrated unique advantages in areas such as cross-border transactions and retail settlements. The report highlights that cross-border peer-to-peer (P2P) payments represent the most disruptive application scenario for stablecoins—compared to traditional banking systems, they offer significant advantages in settlement efficiency and cost, and may become a vital channel for capital flows in emerging markets. Notably, Shopify’s move to allow merchants to accept USDC stablecoin is seen as a landmark event for retail adoption, while the recent on-chain repurchase transaction of tokenized U.S. Treasury bonds (UST) further underscores institutional investors’ recognition of stablecoins’ settlement capabilities. On the demand side, Bank of America estimates that over the next 12 months, the potential demand for U.S. Treasuries from stablecoins could reach $25 billion to $75 billion, though this is unlikely to alter the overall supply-demand dynamics of the Treasury market in the short term.

Foresight News reports, according to monitoring by Lookonchain, the Radiant Capital hacker is buying ETH at low prices. An hour ago, the hacker spent 8.64 million DAI to purchase 2,109.54 ETH at a price of $4,096 per ETH (UTC+8).