Most Tokenized Money Can't Be Sold to a Stranger
Pantera's State of Tokenization found that whitelisted tokens hold 59% of tokenized value and produce 0.2% of onchain trading. BlackRock's $2.2 billion BUIDL fund has 104 holders.
Stablecoins Hold About as Much U.S. Debt as India, and the Treasury Is Counting on More
Treasury's deputy secretary told the bond market on September 22 that stablecoin issuers hold nearly $200 billion of Treasury bills and called it a growth opportunity.
The Ongoing Lack of Clarity
Clarity Act fails 49-50: What the Senate vote means for stablecoin rewards and bank deposits
The SEC Will Let a Blockchain Be the Share Register, as Long as One Firm Controls It
In eleven days, two regulators said in writing that a shared ledger can be the legally authoritative record of who owns what.
The x402 Counter Has Shown the Same Four Numbers Since March
Forty of the world's largest payment and technology companies joined a foundation this summer for a market whose only public number comes from an unstamped counter that has not moved since March.
Coinbase Put Apple on a Public Blockchain and Kept the Freeze Switch
Four US stocks went onto a public blockchain this week in self-custodied wallets, issued by an Abu Dhabi special purpose vehicle whose prospectus reserves the power to freeze and confiscate them.