In the Stables: Hong Kong’s Stablecoin Framework Heats Up Global Race This week’s stablecoin newsletter covers $6B in market cap gains led by USDT and USDC, while policy shifts take center stage: • Hong Kong’s new stablecoin regime goes live • MetaMask launches “Stablecoin Earn” with USDT, USDC, and DAI • AllUnity unveils Germany’s first MiCA-compliant EUR stablecoin • Visa, Slash, and others expand stablecoin payments infrastructure • USDC trading volume up 17% WoW; address count down 14% Dive into the full update 👇
Messari
Software Development
New York, New York 27,001 followers
Messari is the leading provider of crypto market intelligence products that help pros navigate crypto with confidence.
About us
Messari delivers industry-leading crypto intelligence, empowering professionals with the data and insights they need to navigate the market with confidence. Messari is your trusted source for crypto intelligence, delivering the data, research, and tools professionals need to navigate Web3 with confidence. Since 2018, we’ve set the standard for market transparency, equipping investors, builders, and institutions with world-class analytics. Our comprehensive research, powerful data visualization, and asset discovery tools provide the clarity and insights needed to make informed decisions in an evolving landscape. Whether you're tracking market movements, analyzing protocols, or uncovering new opportunities, Messari helps you move faster, think smarter, and stay ahead in crypto.
- Website
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https://xmrrwallet.com/cmx.pmessari.io/
External link for Messari
- Industry
- Software Development
- Company size
- 51-200 employees
- Headquarters
- New York, New York
- Type
- Privately Held
- Founded
- 2018
- Specialties
- Data Services, Blockchain, Cryptoassets, Financial Data, Bitcoin, Ethereum, Token Curated Registries, Smart Contracts, Data Platform, Investing, and Self Regulation
Locations
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Primary
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New York, New York 10036, US
Employees at Messari
Updates
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26 projects raised $322 million this week, led by RD Technologies ($40M), Billions ($30M), and Stable ($28M). ETHZilla and FG Nexus revealed large-scale ETH treasury strategies, while Strategy completed a $2.52 billion IPO to acquire over 21,000 BTC. On Crypto Twitter, Scott Kominers urged protocols to activate fee switches earlier, Bridget Harris forecasted a UX-driven DeFi surge, and Paul Veradittakit emphasized Ethereum’s institutional role. Here’s the breakdown of this week’s top deals and insights 👇
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When D.C. Calls, Messari Answers. The White House just released its most comprehensive digital assets report to date—“Strengthening American Leadership in Digital Financial Technology.” We’re proud to share that Messari was cited twice in the report: 🔹 Footnote #33 (p. 16): A market capitalization graphic from Messari’s research team. 🔹 Footnote #74 (p. 27): A Messari Copilot insight explaining “Staking vs. Delegating in Crypto.” These citations reflect a broader trend: institutions are increasingly turning to crypto-native tools to understand this ecosystem. Messari Copilot is more than an AI research assistant—it’s a bridge between onchain innovation and policy clarity. Try Copilot and explore our latest insights: https://xmrrwallet.com/cmx.pmessari.co/4mfe5ak
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Messari is honored to support the President’s Working Group on Digital Assets with insights powered by Messari Copilot. 🇺🇸 Crypto’s role in the U.S. financial system is growing—data like this helps shape smart policy. You could read the 66-page report… or get a comprehensive, Copilot-powered summary in seconds. 👉 Dive into the trends and try Copilot for yourself: https://xmrrwallet.com/cmx.pmessari.co/4mfe5ak
We're honored to have contributed to the President’s Working Group on Digital Assets report with our research and insights from our Copilot AI The future of crypto is bright in America 🇺🇸
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In this week’s In The Stables, we break down the latest trends shaping the space, including: 🔹 Market cap hits $246.9B 🔹 Hyperliquid leads MoM growth (+39.5%) 🔹 Mastercard expands support across global rails 🔹 GENUS-compliant stablecoin launches via Ethena Labs & Anchorage Digital With rising adoption, growing fee flows, and deepening institutional integrations, stablecoins are emerging as a critical pillar of crypto infrastructure. Want to go deeper? Explore the recently published State of Stablecoins report: https://xmrrwallet.com/cmx.plnkd.in/ekh-WafE
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22 projects raised $128 million this week, led by Courtyard ($30M), Gaia ($20M), and Poseidon ($15M), while Polymarket, Blockstream, and Archax announced strategic acquisitions. On the treasury front, StablecoinX ($360M for ENA), Mercury Fintech ($200M for SOL), and xTAO ($22.8M for TAO) reflected a growing trend of direct token accumulation by structured vehicles. 50T launched a $500 million fund, and on Crypto Twitter, Kyle Samani, Saneel Sreeni, and Miles Jennings weighed in on market structure, crypto x AI, and emerging regulation. Here’s the full breakdown of this week’s deals and insights 👇
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Tether is no longer just a crypto story — it's a global financial force. $21.5B in daily USDT transfers and 400M+ users show the real-world demand that’s often overlooked. Get the full story: https://xmrrwallet.com/cmx.plnkd.in/ekh-WafE
Tether's pre-tax income now rivals American Express and Morgan Stanley. It has onboarded over 400 million users. The TRON DAO network, its primary settlement layer, facilitates $21.5 billion in daily $USDT transfers. Now, go look at the discourse on Crypto Twitter. You'll see endless debates about reserves, praise for regulated issuers, and predictions about institutional adoption. But the on-chain data tells a different, much bigger story. It's a financial juggernaut, built on the back of real-world utility in markets that the discourse often ignores. You see a regulatory question mark. A user in Argentina sees a hedge against 25%+ inflation. A merchant in Lagos sees a way to get paid. This isn't about which stablecoin is "better." It's about acknowledging the reality of what is being used. The discourse is happening in the West. The adoption is happening everywhere else. For the new Messari "State of Stablecoins" report, our platform analyzed 23 million wallets to see what people actually use. See for yourself ↓
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What’s it like to rebuild cross-border payments from the ground up—with stablecoins at the core? In our latest Unqualified Opinions podcast episode, Messari’s Andrew Dyer sits down with Arnold Lee, co-founder of Sphere Labs, to explore how programmable money is reshaping financial infrastructure in emerging markets. They dig into: - Why the “stablecoin sandwich” is changing global settlement flows - How Sphere Pay & Sphereet are tackling real-world routing complexity - The growing tension between dollar stablecoin adoption and sovereign policy - Why being small and nimble is an edge in markets TradFi won’t touch 🎧 Watch the full episode YouTube: https://xmrrwallet.com/cmx.pmessari.co/4eZWbWA Spotify: https://xmrrwallet.com/cmx.pmessari.co/3IGjdFV Apple: https://xmrrwallet.com/cmx.plnkd.in/eJ3Bsdf2 📘 Dive deeper in the State of Stablecoins 2025, where Sphere Labs contributed on-the-ground insights on stablecoin usage, liquidity, and compliance in underserved markets. Get the Full Report: https://xmrrwallet.com/cmx.pmessari.co/452A7Ge
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Stablecoin adoption isn’t coming—it’s already here. Powerful data from the latest State of Stablecoins report 👇 https://xmrrwallet.com/cmx.plnkd.in/ekh-WafE
In the last year, stablecoin transaction volume in Iran grew over 600%. In Nigeria, over 250%. In Turkey, over 100%. While you're worried about a 2% inflation target, they're worried about their currency collapsing. You see crypto as an investment. They see it as an escape hatch. This isn’t theory. It's a conclusion drawn from analyzing 23 million wallets with Messari for their new "State of Stablecoins" report where we found the average growth across high-inflation countries was around 300%. It's a bank run and not a bull run. A quiet, orderly, digital exit from failing fiat systems. While you were yield farming, they were wealth preserving. While you were chasing a 10x, they were just trying to hold on to 1x. We talk about crypto's "killer app." For millions, it's not a new DeFi protocol. It's just a stable place to save their money. So when you ask "when mass adoption?" You're asking the wrong question. It's already here. You're just not the one being onboarded. Messari dropped the full report, it’s in the first post below ↓
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Stablecoins are no longer the future—they’re the infrastructure. From regulatory clarity to real-world adoption, the landscape is changing fast. This week’s issue of In The Stables covers: 🔹 GENIUS Act establishes U.S. framework for fiat-backed stablecoins 🔹 TradFi giants, Bank of America and Western Union enter stablecoin rails 🔹 Stablecoin settlement volumes now rival ACH and PayPal 🔹 USDT and USDC dominate—but challengers are gaining ground 🔹 Asia and LatAm markets are emerging as hotbeds for stablecoin innovation 🆕 Explore Messari’s just-released State of Stablecoins 2025 report goes deep—128 pages of usage trends, market structure, protocol data, and more. 🔎 Explore the full report: https://xmrrwallet.com/cmx.plnkd.in/ekh-WafE